08-21-2009, 12:44 PM
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Moderator
Join Date: Jan 2005
Posts: 22,424
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Obama Soros sockpuppet??
So we can't drill our own oil because it will cause the end of life as we know it,.........
We have to have our energy taxed to solve a non existant problem,......
And yet inspite of the country being broke we are going to 'loan' Brazil 2B or more to finance their offshore oil development..... That seems pretty odd.
President Obama Finances Offshore Drilling in Brazil - WSJ.com
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The U.S. Export-Import Bank tells us it has issued a "preliminary commitment" letter to Petrobras in the amount of $2 billion and has discussed with Brazil the possibility of increasing that amount. Ex-Im Bank says it has not decided whether the money will come in the form of a direct loan or loan guarantees. Either way, this corporate foreign aid may strike some readers as odd, given that the U.S. Treasury seems desperate for cash and Petrobras is one of the largest corporations in the Americas.
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So we demonize US oil corporations yet we give huge loans to a foreign oil corporation.
Wonder what is happening here?? 
Enter George Soros funder of numerous left wing causes including Moveon.org and the Obama campaign, see Ole Gerogie invested $800Mil in this Petrobras.
Petrobras: Buy and Sit Tight Like Soros -- Seeking Alpha
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As reported at Bloomberg.com, George Soros purchased an $811 million stake in Petroleo Brasileiro SA (PBR), (better known as Petrobras) in Q2. The Brazilian oil company is now the largest holding in his fund, amounting to 22 percent of the total $3.68 billion of stocks and American depositary receipts held by Soros Fund Management LLC. Of course, crude oil has taken a dive in the last month, helping to push Petrobras down 28 percent since his purchase and costing Soros $235 million. I guess we would all like to be in a position to lose nearly a quarter billion dollars and still be "OK". Then again, if Soros holds tight, he could end up doing well.
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In short the Obama administration is going to make Mr Soros even richer why decrying evil energy companies trying to developing our own resources. Chicago thug politics.
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