and America takes another one in the........
rlmorel
Posted on 05/27/2010 4:17:41 PM PDT by NoLibZone
FLASH BACK= to 8/10/2009
US government to loan Petrobras $10 billion OilOnline posted on 8/10/2009 The U.S. government is prepared to provide up to $10 billion in loans to finance the development of massive hydrocarbon reserves off Brazils coast, a Brazilian official said Wednesday.
President Barack Obamas national security adviser, Gen. James Jones, discussed the matter with officials this week during a visit to the South American country, Brazilian Planning Minister Paulo Bernardo da Silva told reporters.
He said the U.S. Export-Import Bank already has signed a letter of intent in that regard with Brazilian state oil company Petrobras.
The loan is equal in value to a similar credit line agreed to with the China Development Bank, also for exploiting Brazils pre-salt area, so-named because the estimated 80 billion barrels of high-quality crude in that new oil frontier lie far beneath the ocean floor under layers of rock and an unstable salt formation.
Under the agreement with the Chinese state bank, finalized during Brazilian President Luiz Inacio Lula da Silvas visit to Beijing in May, Brazil can repay the loan facility with oil as opposed to cash.
According to the governments projections, the pre-salt reserves located at a depth of up to seven kilometers (4.3 miles) below the ocean surface in an 800-kilometer by 200-kilometer area could eventually lead to a nearly six-fold increase in Brazils current proven reserves of 14 billion barrels and transform that nation into one of the worlds 10 largest oil producers and a major crude exporter.
Petrobras plans to invest close to $29 billion through 2013 to develop the pre-salt deposits in which the company already holds concession rights.
Petrobras is projecting that some 1.3 million barrels per day can be extracted by 2013 from the pre-salt fields and 1.8 million bpd by 2020.
(Excerpt) Read more at oilonline.com ...
Soros Hedge Fund Bought Petrobras Stake Worth $811 Million
http://preview.bloomberg.com/apps/news?pid=newsarchive_en10&sid=aFHPjfeUvtl8
See why Obama had to find a way to stop Off Shore US drilling?
So he could add value to Soros’ being able to to drill Offshore!
It’s all being thrown in our face and Congress will sit back and let it happen. The only place the President can get the money is from Congress, which means they know exactly what is going on.
Making deals for themselves and their buddies.
This is how the game is played by the international communists (i.e. globalists). They are essentially destroying us with our own taxpayer dollars. Decades of payoffs have corrupted our political class to the point where they actually want the globalists to pull it off.
Thank you Freeper: cookcounty for pointing this out to me.
This has already occurred.
This loan and subsequent mishandling of the Gulf Oil spill is how Obama paid Soros for making him president.
Obama gave an oil business to Soros then closed a competing region down.
And Obama used our money.
Pretty clever.
Didn’t we pass a little town called “Impeachable Offenses” about fifty miles back?
Fine with me if it’s the kenyan’s own money, other wise norfolk n way.
Its a Hopie Changie thing. Potus-hole!!!
Or how about the $14 bil that the Brazil Dev Bank gave/loaned Petrobras? Or haw about the $5.5 bil that the international gave/loaned Petrobras.
Was that all done to benefit bogeyman Soros?
Thanks for posting, more here:
http://stumpedagain.wordpress.com/obamas-deep-drilling/
Soros is the beneficiary of all this. Drilling at 7,000 to 9,000 feet in the Tipa field off Brazil, authorized by Obama, August 2009, with a $10B US taxpayer-backed loan guarantee.
Question, when Soros sold his common and went into 10% preferred, did he short the common? Stockholder losses for those holding common stock was $7 billion isn a single dy.
Soros is a pal of President Lula, who basically seized the common shares right after Soros sold his.
and America takes another one in the........rlmorel
You’re certainly welcome.....I wish somebody would ask the administration about this. Not that they would respond.
Obama is placing a hold on drilling in the Gulf.
What affect will this have on companies that drill in places other than the Gulf?
Companies such as the one Soros bought $811 million of?
Up or down?
sure does support some of these sabatage therories on why the drill rig blew
I am not a CTer.
But it does explain loosening safety.
Appointing a very unqualified head of MMS.
and a s l o w response.
Wonder how much campaign cash Petrobras has pledged to the DNC for this fall’s elections?
Did you know that Petrobras drills deepwater wells in US waters of the Gulf Of Mexico?
Obama put this hold on drilling in the gulf, which prevents Petrobras from drilling for 6 months and that hurts bogeyman Soros.
Just what will Barry0 do if a Chinese rig off the coast of Cuba has a blowout like this?
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