Obama Underwrites Offshore Drilling (Too bad it's not in U.S. waters.)

WSJ ^ | AUGUST 18, 2009 | Editor

[yoe]

You read that headline correctly. Unfortunately, the Obama Administration is financing oil exploration off Brazil.

The U.S. is going to lend billions of dollars to Brazil's state-owned oil company, Petrobras, to finance exploration of the huge offshore discovery in Brazil's Tupi oil field in the Santos Basin near Rio de Janeiro. Brazil's planning minister confirmed that White House National Security Adviser James Jones met this month with Brazilian officials to talk about the loan.

[yoe]

........."Guess who is the largest individual stockholder of this Brazilian Oil Company, and who would benefit most from this ---??? It is American Billionaire, George Soros, the Liberal businessman who is a radical left wing supporter, finances "MoveOn.org >" as well as other liberal programs, and was President Obama's largest and most generous supporter during his campaign."

[Sacajaweau]

IIRC, Brazil made some deals with some Muslim countries....maybe in the last two years.

[Starboard]

The U.S. is going to lend GIVE billions of dollars to Brazil's state-owned oil company, Petrobras

[Ghost of Philip Marlowe]

The left is not refusing to use our own energy reserves for environmental reasons, though that is the claim.

All of our natural resources and our real estate will be the collateral the government puts down to borrow the equivalent of a few trillion US dollars in the global currency that will replace our US dollar.

[YankeeReb]

."Guess who is the largest individual stockholder of this Brazilian Oil Company, and who would benefit most from this ---??? It is American Billionaire, George Soros, the Liberal businessman who is a radical left wing supporter, finances "MoveOn.org >" as well as other liberal programs, and was President Obama's largest and most generous supporter during his campaign."

As Gomer Pyle would say, "SURPRISE SURPRISE SURPRISE!"

[kabar]

Soros Hedge Fund Bought Petrobras Stake Worth $811 Million

[IbJensen]

The Traitor-In-Chief belongs in an orange jump suit and in a very small cell.

[freekitty]

He is giving the money to George Soros.

[EGPWS]

Yes, payback.

Isn't that special that we get to fund a billionaire and his endeavors because the TOTUS owes him a favor?

[Flycatcher]

He is giving the money to George Soros.

Yes, he is. And as soon as the MSM stops its nonstop coverage of Climategate, I'm sure they'll find the time to cover this story too.

_{Oh, wait...}

[Just A Nobody]

WTH? How can he "lend" money when we don't have any?

BTW, Soros in not "liberal" or a "radical left wing supporter" -- he is a damn communist! It is past time to call them what they are.

He also financed Hillary, John McCain and Jon Carry before them. McCain's Reform Institute was also financed by Soros, as well as illegal immigration and campaign finance reform.
He is a communist who came to this country with the express purpose to destroy it...by any means necessary.

[old curmudgeon]

Just think of how many times in the past couple of months we have been treated to some outlandish anti-American statement on the part of the president of Brazil.

Some of those remarks were totally off the wall.

There would have to be some compelling reason to loan money to an outfit that holds us in such low esteem.

Which gives credence to the Soros theory.

[KitJ]

Backgound?

Aug 31 (Financial Times) - - The World Trade Organisation gave Brazil the green light on Monday to impose $295m (€206m, £181m) of sanctions on US goods over Washington’s failure to scrap illegal subsidies to its cotton farmers.
http://www.ft.com/cms/s/0/a583eb44-9658-11de-84d1-00144feabdc0.html?nclick_check=1

The US Department of Justice has alleged that an employee of Brown Brothers Harriman, a US private bank, helped Brazilian clients avoid measures to detect money laundering and conceal the proceeds of crimes including fraud and tax evasion. The DoJ made the allegation in an application to freeze about $450m in an account held at BBH in New York in the name of Tiger Eye Investments Limited, a company registered in the Cayman Islands.
http://www.ft.com/cms/s/0/183060f8-940d-11de-9c57-00144feabdc0.html

Aug. 15 (Bloomberg) — Billionaire investor George Soros bought an $811 million stake in Petroleo Brasileiro SA in the second quarter, making the Brazilian state-controlled oil company his investment fund’s largest holding.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aFHPjfeUvtl8

The U.S. is going to lend billions of dollars to Brazil’s state-owned oil company, Petrobras, to finance exploration of the huge offshore discovery in Brazil’s Tupi oil field in the Santos Basin near Rio de Janeiro. Brazil’s planning minister confirmed that White House National Security Adviser James Jones met this month with Brazilian officials to talk about the loan.
http://online.wsj.com/article/SB10001424052970203863204574346610120524166.html

We said George Soros is more of a speculator than an investor. When come to the long equity position, he is willing to take some very concentrated positions in one or two industry. Right now, Oil and Gas is the name of the game, and Consumer Services names are catching up. George Soros’s top five holding as of March 31, 2009 include: Petroleo Brasileiro S.A.Petrobras (PBR), Potash Corp. of Saskatchewan Inc. (POT), Hess Corp. (HES), ConocoPhillips (COP), Lowe’s Companies Inc. (LOW)”
http://www.gurufocus.com/news.php?id=57768

(July 16th)
General Motors is spending more money where it counts: Latin America. The Latin American market has been generous to the struggling automaker despite struggles at home. Today, GM announced a $1 billion plan to expand its vehicle lineup in Brazil.
http://www.mlive.com/auto/index.ssf/2009/07/general_motors_announces_1_bil.html

If a tree falls in Brazil, it will, in fact, be heard in the U.S. - at least if a little-noticed provision in the pending climate-change bill in Congress becomes law. As part of the far-reaching climate bill, the House is set to vote Friday on a plan to pay companies billions of dollars not to chop down trees around the world, as a way to reduce global warming.
http://www.washingtontimes.com/news/2009/jun/25/climate-bill-gives-billions-to-foreign-foliage/

(June 17th)
The global financial crisis has reduced the differences between nations and created the opportunity to form a new world order, Brazilian President Luiz Inacio Lula da Silva said Wednesday. [This was at the ‘BRIC’ conference - Brazil, Russia, India, China - for developing nations]
http://www.breitbart.com/article.php?id=CNG.db1c3a82d0827b5cdf05eea3ba146af8.511&show_article=1

Brazil purchases 250 German Leopard tanks to guard its borders The Brazilian army purchased 250 German leopard 1 A5 tanks which will be displayed mainly along the country’s 16.000 kilometres of land and fluvial borders thus reinforcing its dissuasive capacity in the event of foreign attacks.
http://en.mercopress.com/2009/08/04/brazil-purchases-250-german-leopard-tanks-to-guard-its-borders

French, Swedish and US defense companies pursuing a four-billion-dollar deal to replace Brazil’s aging fleet of fighter jets are stepping up lobbying efforts ahead of a decision expected within the next couple of months.
http://www.google.com/hostednews/afp/article/ALeqM5hcWS3yUEGTtRQuN20bJ93-gqioiQ

[expatguy]

Things are getting velly interesting.

[bray]

Got the entire story here, months ago:
http://www.brayincandy.com/id164.html

Pray for America’s Freedom

[yoe]

Like the bettors on Wall Street, Soros is/was betting on oil in such large amounts of money, it often upsets world markets....and from your home pate:"but in the end he can only play himself, a shallow, manipulative and egotistical amateur who is in over his head, and trying to drag the country down with him.".......I think Soros and Obama are doing this:(The Cloward/Piven Strategy of Economic Recovery)...and this: (Rules for Radicals). Obama has surrounded himself with Marxists, Communists, Progressives, and anti-American i.e., Capitalists. Obama and his puppet master, Soros are over throwing our government....as I type this.

One solution, remove Barack Hussein Obama from his post and fire all the Czars and the Tax Cheat Tim Geithner as Secretary of the Treasury...both men are not up to their jobs and are stealing us blind......at Obama's bidding and according to the tenants of Cloward-Piven and Saul Alinsky's Rules for Radicals......read them for heaven's sake and see for your selves what is happening.

[TYVets]

0bama’s Energy Policy for The United States is a tire gage.

[IbJensen]

...remove Barack Hussein Obama from his post and fire all the Czars and the Tax Cheat Tim Geithner as Secretary of the Treasury...both men are not up to their jobs and are stealing us blind.....

That would work quite nicely. Obummer's day will come and it won't be three years from now. America can't afford the Communist-Muslim scum any longer.

Civil War II will not be pretty!

[yoe]

Thanks for the research!

[cranked]

Indeed. Besides, his lameness is too invested in shoving his social agenda of ‘spread the wealth’ down our collective throats to even give a damn about US energy concerns, unless it deals with going ‘green’. Eco-idiots and utopian day-dreaming idiots = Barry and all.