Wednesday, August 19, 2009
Obama, Soros"Hedge Fund" Petrobras Brazil Offshore Drilling Funded By U.S.
Billionaire George Soros bought $811 million stake in Petrobras in the second quarter, making the Brazilian oil company his investment fund's largest holding. The Wall Street Journal reported that National Security Advisor James Jones met this month with Brazilian Officials to talk about the loan. The U.S is going to lend "Two Billion Dollars" to Brazil's state owned company, Peterobras to finance. exploration the huge offshore discovery in Brazil's Tupi oil field in Santos Basin near Rio De Janerio. The Democratic controlled Congress has prohibited any offshore drilling of the coast of the United States. The Obama Administration is going to loan Brazil two billion dollars when we could use this money to drill off the shore of Florida and California. This is clearly a payback to George Soros for supporting the President Obama in the 2008 Presidential election campaign. We are going to pay for Brazil exploration so, they can charge the American people $150 a barrel for oil. The investment that George Soros made in President Obama could be worth Billions of dollars in the near future. There needs to be a Congressional investigation into this sweetheart deal for George Soros Hedge fund to see if the Obama Administration is giving preferential treatment to there biggest campaign donor. Finally, will the "Environmental Wackos" protest the Obama administration for supporting "Big Oil" exploration instead of spending taxpayer dollars on Green So-called energy.
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Soros made a good investment in Obama
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If I interpreted the financials correctly, this payback loan to Petrobras caused their common stock to elevate in price (lower risk to the company), and this greatly benefited Soros, who then bought preferred stock. Soros, made a bundle, then locked it in with a much lower-risk instrument. Nice racket, when the US responds to lower risk for a company you invest in.
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