Friday, August 21, 2009

One Hand Washes The Other Hand-In Oil

Read some tea leaves:

Soros Hedge Fund Bought Petrobras Stake Worth $811 MillionBy Jeb Blount and Miles Weiss

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.
As of June 30, the stake in Petrobras, as the Rio de Janeiro-based oil producer is known, made up 22 percent of the $3.68 billion of stocks and American depositary receipts held by Soros Fund Management LLC, according to a filing with the U.S. Securities and Exchange Commission.

Obama Underwrites Offshore Drilling
Too bad it’s not in U.S. waters
Wall Street Journal
AUGUST 18, 2009

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.

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.

But look on the bright side. If President Obama has embraced offshore drilling in Brazil, why not in the old U.S.A.? The land of the sorta free and the home of the heavily indebted has enormous offshore oil deposits, and last year ahead of the November elections, with gasoline at $4 a gallon, Congress let a ban on offshore drilling expire.

Junior's Take:

Let's get this straight: Within the last few months, George Soros invests almost a billion dollars in Petrobras, a Brazilian oil company. In addition, within the last few days, Obama has agreed to lend the same company billions of dollars for off shore drilling.

There are so many angles to this story, I would need a protractor to correctly identify them all.

Here's a quick take on a few:

Off Shore Drilling Subsidized By U.S. Tax Dollars

The president campaigned time and time again on the following themes: we can't "drill our way" out of an energy shortage, there is not enough oil available so drilling is not feasible, drilling is bad for the environment, and instead of drilling for oil, we should keep the tires of our cars properly inflated.

After all of that lecturing from behind the podium (with the teleprompter), Obama now is ponying up billions of U.S. dollars to promote the evil practice of off shore drilling... in Brazil?

What gives?

Has he changed his mind on this? Does he think drilling is feasible now because there is more oil? Is it no longer unpatriotic to not keep our tires inflated to the max?

Can he give us an explanation here on his shift? Don't count on it.

The shameful thing is here we are losing hundreds of thousands of jobs each quarter. Families and communities are devastated by massive job losses.

Off shore drilling in the U.S. would create a lot of great, high paying jobs to a nation desperate for jobs. But instead, Obama gives the money to Brazil, so that Brazilians get these jobs-instead of Americans.


Soros-Obama Connection

George Soros is closer to Obama than Don Zimmer was to Joe Torre in the Yankee dugout. He has given tons of money, and held fundraisers for Obama. Moreover, he has given money to every whacked out organization that Soros thinks will help bring down America.

Remember, a few years ago, Soros wrote a book "The Bubble of American Supremacy". Think about the title. In Soros' view, America is a bubble that needs to be popped. And by popping that bubble, America will be brought down to the level of the rest of the world, which is crucial to Soros' one world philosophy.

Whenever Soros give money to some U.S. organization, that organization must be doing something that would help Soros achieve his goal of lessening America's global power.

Why else would he give it?

Lets get back to the transaction at hand. Soros invests almost a billion dollars, his biggest holding in Petrobras. Obama follows that up with a 2 billion dollar loan to the same company.

Hey, where are all the people who screamed "Haliburton" for 8 years? (When Bush was president, I heard the word "Haliburton" more than the words "Halle Berry".)

Was there insider trading going on? Did Soros know about upcoming U.S. loans? Are you telling me Soros makes the biggest investment he has on the books, and he is not wired into forthcoming U.S. loans into the same company? It would not be the first time this one-worlder has engaged in insider trading- he was convicted in France for insider trading.

Remember how right after 9-11, an Arab sheik wanted to donate 10 million dollars to charity relief efforts? While he was presenting the check to Mayor Giuliani, he said the U.S. had to take some responsibility for what happened on 9-11. Rudy stopped him dead in his tracks, handed him back the check, and just about kicked the guy in the ass.

I wish Obama had a little bit of Rudy in him, especially when it comes to one-world billionaires with insider trading convictions whose intention is bring America into the European Union.

No comments: