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Obama Underwrites Offshore Drilling in Brazil
From the Wall Street Journal
Obama Underwrites Offshore Drilling
Too bad it's not in U.S. waters.
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.
The Bush Administration's five-year plan (2007-2012) to open the outer continental shelf to oil exploration included new lease sales in the Gulf of Mexico. But in 2007 environmentalists went to court to block drilling in Alaska and in April a federal court ruled in their favor. In May, Interior Secretary Ken Salazar said his department was unsure whether that ruling applied only to Alaska or all offshore drilling. So it asked an appeals court for clarification. Late last month the court said the earlier decision applied only to Alaska, opening the way for the sale of leases in the Gulf. Mr. Salazar now says the sales will go forward on August 19.
This is progress, however slow. But it still doesn't allow the U.S. to explore in Alaska or along the East and West Coasts, which could be our equivalent of the Tupi oil fields, which are set to make Brazil a leading oil exporter. Americans are right to wonder why Mr. Obama is underwriting in Brazil what he won't allow at home.
Obama Underwrites Offshore Drilling
Too bad it's not in U.S. waters.
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.
The Bush Administration's five-year plan (2007-2012) to open the outer continental shelf to oil exploration included new lease sales in the Gulf of Mexico. But in 2007 environmentalists went to court to block drilling in Alaska and in April a federal court ruled in their favor. In May, Interior Secretary Ken Salazar said his department was unsure whether that ruling applied only to Alaska or all offshore drilling. So it asked an appeals court for clarification. Late last month the court said the earlier decision applied only to Alaska, opening the way for the sale of leases in the Gulf. Mr. Salazar now says the sales will go forward on August 19.
This is progress, however slow. But it still doesn't allow the U.S. to explore in Alaska or along the East and West Coasts, which could be our equivalent of the Tupi oil fields, which are set to make Brazil a leading oil exporter. Americans are right to wonder why Mr. Obama is underwriting in Brazil what he won't allow at home.
Let us also remember that it was the republican chant of "Drill Baby Drill" that caused Obama to conced to drilling offshore in the gulf. Now we got a "Spill Baby Spill" of magnitude proportions. So much for the conspiracy of it all.
I guess I just dont get into those conspiracy theory things the way you guys do.
I guess I'm not wording this well. So I'll try it a different way.
Then candidate Obama made a campaign promise to stop all offshore drilling. I do not believe him when he states he is doing this moratorium for safety reasons. I think he is trying to fulfill a campaign promise to stop oil drilling and force us into green technology while any green energy is at least 100 years from any mass usage. He is doing this to pander to his left wing base. We don't have it yet. One day we will. But this moratorium and the cap and tax bill are economic suicide at this point.
As Rahm Emanuel said, never let a good crisis go to waste. And Obama is not wasting this. He wants to stop drilling and send these industries overseas. He knows drilling is relatively safe technology. One accident in 50 years is a pretty good track record. He wants the moratorium for political reasons. And he doesn't mind crashing the economy while doing so. If it were so dangerous, he wouldn't allow the sale of the technology to Brazil or anyone else.
Any Clearer??
Then candidate Obama made a campaign promise to stop all offshore drilling. I do not believe him when he states he is doing this moratorium for safety reasons. I think he is trying to fulfill a campaign promise to stop oil drilling and force us into green technology while any green energy is at least 100 years from any mass usage. He is doing this to pander to his left wing base. We don't have it yet. One day we will. But this moratorium and the cap and tax bill are economic suicide at this point.
As Rahm Emanuel said, never let a good crisis go to waste. And Obama is not wasting this. He wants to stop drilling and send these industries overseas. He knows drilling is relatively safe technology. One accident in 50 years is a pretty good track record. He wants the moratorium for political reasons. And he doesn't mind crashing the economy while doing so. If it were so dangerous, he wouldn't allow the sale of the technology to Brazil or anyone else.
Any Clearer??
Is it? I did not say it was. But we dont police brazil. Brazil does.
Of course it does. But I ask again, if it is too dangerous to the environment here, why is it safer in Brazil????
I do think the moratorium covered drilling over so many feet off our shores, not Brazils
Thank you for the information. But this does beg the question, if deep water rigs are so dangerous to the environment and he wants to keep the moratorium on them, why are they OK for Brazil? If the moratorium is reinstated, these rigs will be dismantled and sent to Asia, Africa and South America. Why are they safer and OK there and not here????
Without commenting on the politics of this, the Export Import bank is used to help finance sales of American Manufactured goods. The reason for loading for oil exploration is because they'll buy much of the equipment and many of the materials from the US.
Thank you for the information. If my post is incorrect, you have my word that I'll retract my statements. I never enjoyed crow, but wouldn't be the first time I've eaten it!!
But this one is indeed difficult to research.
But this one is indeed difficult to research.
A spokesman for the bank, Phil Cogan, noted to POLITICO that the bank does not rely on tax money and that Palin's statement ignores the bank's central function: To lend money to foreign companies for the purchase of American goods and services.
"It has to be produced by U.S. workers," Cogan said. Palin's statement refers to "creat[ing] jobs and health benefits in the U.S."
"That's exactly what a purchase financed by the U.S. government would do," Cogan said.
In this case, Cogan said, the proposed loan would likely finance engineering services, sales of ships to service oil platforms, or drilling equipment.
Even IBD said "the investment has both practical and strategic benefits for our energy security." An August 12, 2009, Investor's Business Daily editorial stated: "We'll admit that, on first blush, spending such money overseas when we've got plenty at home sounds a little questionable. But the investment has both practical and strategic benefits for our energy security." The editorial continued:
First, the U.S. money is a loan, and Brazil has excellent credit with an investment-grade BBB sovereign rating and a record of responsible borrowing. Whatever we loan the Brazilians will be paid back on time and with interest.
Second, the cash will encourage Brazil's state oil company, Petrobras, to contract with American businesses. And we aren't just talking about oil companies, but software, steel, research, environmental impact and engineering concerns, to name a few others.
"It has to be produced by U.S. workers," Cogan said. Palin's statement refers to "creat[ing] jobs and health benefits in the U.S."
"That's exactly what a purchase financed by the U.S. government would do," Cogan said.
In this case, Cogan said, the proposed loan would likely finance engineering services, sales of ships to service oil platforms, or drilling equipment.
Even IBD said "the investment has both practical and strategic benefits for our energy security." An August 12, 2009, Investor's Business Daily editorial stated: "We'll admit that, on first blush, spending such money overseas when we've got plenty at home sounds a little questionable. But the investment has both practical and strategic benefits for our energy security." The editorial continued:
First, the U.S. money is a loan, and Brazil has excellent credit with an investment-grade BBB sovereign rating and a record of responsible borrowing. Whatever we loan the Brazilians will be paid back on time and with interest.
Second, the cash will encourage Brazil's state oil company, Petrobras, to contract with American businesses. And we aren't just talking about oil companies, but software, steel, research, environmental impact and engineering concerns, to name a few others.
I figured as much.
Beck's conspiracy theory hinges on false claim that Obama issued loan to Petrobras
Beck: "Petrobras is drilling at 2,777 meters. Obama knows it and loans $2 billion to Petrobras." Beck's entire conspiracy theory relies on the completely discredited falsehood that the Obama administration loaned $2 billion to Petrobras. Beck claimed that "the administration" was "making a $2 billion preliminary commitment for Petrobras, for Petrobras, for exploration," and claimed "Petrobras is drilling at 2,777 meters. Obama knows it and loans $2 billion to Petrobras."
Bush appointees at Export-Import bank unanimously approved loan to Brazil
Loan approved by Bush-appointed bank board. As FactCheck.org noted in September 2009, the "bogus" claim that Obama "loan[ed] $2 billion to Petrobras" can be traced to an email that was circulating at the time. FactCheck called the claim "bogus," noting that the Export-Import Bank of the United States approved a "preliminary commitment" to Brazil to finance "their purchases of U.S. equipment, products and services." At the time, "the Bank's Board consisted of three Republicans and two Democrats, all of whom were appointed by George W. Bush."
From the FactCheck article:
This claim stems from a "preliminary committment" made back on April 14 by the board of directors of the Export-Import Bank of the United States. The bank intends to loan up to $2 billion to finance exports to the Brazilian oil company Petróleo Brasileiro S.A., known as Petrobras, over the next several years.
The e-mail is false on two counts.
* The message falsely says the decision was due to an "executive order" by the president. No presidential order was required. Furthermore, none of President Obama's appointees had joined the Ex-Im board at the time of the vote, which was unanimous, and bipartisan. The Ex-Im Bank states: "In fact, at the time the Bank's Board consisted of three Republicans and two Democrats, all of whom were appointed by George W. Bush."
* The message falsely claims that "we have absolutely no gain" from the loan. In fact, the loan is being made specifically to finance purchase by Petrobras of U.S.-made oilfield equipment and services. The mission of the Ex-Im Bank is to encourage exports by making such loans.
The bank's chairman and president, Fred P. Hochberg, underscored the purpose of the loan during a trip to Brazil at the end of July:
Ex-Im Bank President Hochberg, July 29: I chose Brazil as my first international destination for good reason: Brazil is a powerhouse among South American economies and offers tremendous opportunities for U.S. exporters in many sectors. I want Brazilians to know that Ex-Im Bank has the will and the capacity to finance their purchases of U.S. equipment, products and services.
Beck's conspiracy theory rests on distorting Soros' investments in Petrobras, timing of loan
Beck falsely claims loan was issued "Just days after [Soros] strengthened his investment." Beck said that Soros Fund Management LLC had "$900 million invested" in Petrobras and that the loan occurred "just days after he strengthened his investment." Beck asked, "Isn't that weird?" Beck also said that the purported connection between Soros, the Obama administration, Petrobras, and the moratorium on some drilling in the Gulf of Mexico "doesn't seem to pass the smell test at all." He summarized the supposed timeline: "Billionaire dumps money in Brazilian oil company; days later the American administration dumps $2 billion in the exact same company. What are the odds, Gilligan?"
Soros decreased his investment in Petrobras before any loan funds were distributed
Soros investment in Petrobras reached $900 million in 2008 -- months prior to Export-Import Bank loan, not "just days." According to a February 17, 2009, Market Watch article, Soros "reported that during the fourth quarter [of 2008] he increased his already considerable stakes in Brazillian state-controlled oil company Petroleo Brasileiro SA [emphasis added]." The article further reported, "Soros, through his Soros Fund Management LLC, reported holding 36.8 million American depositary receipts of the Brazilian oil company known as Petrobras as of Dec. 31 [2008] -- a holding valued at about $900 million at the time." The Export-Import Bank issued its preliminary commitment on April 14, 2009.
Soros reportedly sold 5 million shares in May 2009. A May 15, 2009, Bloomberg article reported: "Billionaire George Soros cut stakes in his biggest holdings, Petroleo Brasileiro SA and Potash Corp. of Saskatchewan, and bought more shares of retailers in the first quarter [of 2009]. Soros Fund Management LLC, the investor's hedge-fund firm, sold 5 million U.S. shares of Petrobras, as the Brazilian company is known, according to a filing today with the U.S. Securities and Exchange Commission. The New York-based firm's remaining 32 million shares of the state-controlled oil company were valued at $963 million at the end of the quarter."
Soros reportedly sold stock before Ex-Im bank loan was dispensed. The FactCheck article also refuted what it called the "baseless allegation" that the loan was intended to financially benefit Soros. From FactCheck.org:
The message claims that George Soros would "benefit most" from the loan, but that is also a baseless accusation. Soros is a favorite whipping boy of conservatives because of his early financial help to the liberal group MoveOn.org. And he is indeed a major investor in Petrobras, through his New York-based hedge-fund firm, Soros Fund Management LLC. But the hedge fund recently sold 22 million shares of common stock in the company (which carry voting rights) while buying 5.8 million shares of preferred stock (which is non-voting.) As reported by Bloomberg News, Soros reduced his stake in the company before any of the Ex-Im Bank's promised loan has been dispensed.
Beck claims a loan providing "strategic benefits" and jobs to U.S. means American people are "getting screwed"
Beck baselessly claims American people are "getting screwed." Beck also commented: "Then Petrobras shareholders get rich. Back at the beginning. Getting rich. You getting screwed. You see how this works? Don't you feel better inside? The American president is out looking for you."
Loan reportedly will create American jobs and provide "strategic benefits" to U.S. energy security
Ex-Im President: "Loan guarantees to help finance purchases of U.S. goods and services by Petrobras." In an August 21, 2009, letter to the editor printed in The Wall Street Journal, Export-Import Bank chairman and president Fred P. Hochberg discussed the "loan guarantees to help finance purchases of U.S. goods and services by Petrobras." Hochberg wrote, "This increases the likelihood that American -- not foreign -- workers will be employed to satisfy part of the company's planned $175 billion investment during the next five years." Hochberg also asserted: "Ex-Im Bank does not make U.S. policy. In fact, our charter prohibits us from turning down financing for either nonfinancial or noncommercial reasons, except in rare circumstances including failure to meet our environmental standards." He added: "The foreign buyers that use Ex-Im Bank products pay us in full. Over the past 16 years the fees that we collect have netted American taxpayers more than $4.9 billion plus the jobs those exports have created. Thanks to the fees we charge, the bank is self-sustaining and does not receive any appropriated funds from Congress."
Ex-Im spokesman: "This is the government doing what it's supposed to do: Create jobs." An August 19, 2009, blog post by Politico's Ben Smith reported on Export-Import Bank spokesman Phil Cogan's response to similar criticism made by Fox News' Sarah Palin:
Beck's conspiracy theory hinges on false claim that Obama issued loan to Petrobras
Beck: "Petrobras is drilling at 2,777 meters. Obama knows it and loans $2 billion to Petrobras." Beck's entire conspiracy theory relies on the completely discredited falsehood that the Obama administration loaned $2 billion to Petrobras. Beck claimed that "the administration" was "making a $2 billion preliminary commitment for Petrobras, for Petrobras, for exploration," and claimed "Petrobras is drilling at 2,777 meters. Obama knows it and loans $2 billion to Petrobras."
Bush appointees at Export-Import bank unanimously approved loan to Brazil
Loan approved by Bush-appointed bank board. As FactCheck.org noted in September 2009, the "bogus" claim that Obama "loan[ed] $2 billion to Petrobras" can be traced to an email that was circulating at the time. FactCheck called the claim "bogus," noting that the Export-Import Bank of the United States approved a "preliminary commitment" to Brazil to finance "their purchases of U.S. equipment, products and services." At the time, "the Bank's Board consisted of three Republicans and two Democrats, all of whom were appointed by George W. Bush."
From the FactCheck article:
This claim stems from a "preliminary committment" made back on April 14 by the board of directors of the Export-Import Bank of the United States. The bank intends to loan up to $2 billion to finance exports to the Brazilian oil company Petróleo Brasileiro S.A., known as Petrobras, over the next several years.
The e-mail is false on two counts.
* The message falsely says the decision was due to an "executive order" by the president. No presidential order was required. Furthermore, none of President Obama's appointees had joined the Ex-Im board at the time of the vote, which was unanimous, and bipartisan. The Ex-Im Bank states: "In fact, at the time the Bank's Board consisted of three Republicans and two Democrats, all of whom were appointed by George W. Bush."
* The message falsely claims that "we have absolutely no gain" from the loan. In fact, the loan is being made specifically to finance purchase by Petrobras of U.S.-made oilfield equipment and services. The mission of the Ex-Im Bank is to encourage exports by making such loans.
The bank's chairman and president, Fred P. Hochberg, underscored the purpose of the loan during a trip to Brazil at the end of July:
Ex-Im Bank President Hochberg, July 29: I chose Brazil as my first international destination for good reason: Brazil is a powerhouse among South American economies and offers tremendous opportunities for U.S. exporters in many sectors. I want Brazilians to know that Ex-Im Bank has the will and the capacity to finance their purchases of U.S. equipment, products and services.
Beck's conspiracy theory rests on distorting Soros' investments in Petrobras, timing of loan
Beck falsely claims loan was issued "Just days after [Soros] strengthened his investment." Beck said that Soros Fund Management LLC had "$900 million invested" in Petrobras and that the loan occurred "just days after he strengthened his investment." Beck asked, "Isn't that weird?" Beck also said that the purported connection between Soros, the Obama administration, Petrobras, and the moratorium on some drilling in the Gulf of Mexico "doesn't seem to pass the smell test at all." He summarized the supposed timeline: "Billionaire dumps money in Brazilian oil company; days later the American administration dumps $2 billion in the exact same company. What are the odds, Gilligan?"
Soros decreased his investment in Petrobras before any loan funds were distributed
Soros investment in Petrobras reached $900 million in 2008 -- months prior to Export-Import Bank loan, not "just days." According to a February 17, 2009, Market Watch article, Soros "reported that during the fourth quarter [of 2008] he increased his already considerable stakes in Brazillian state-controlled oil company Petroleo Brasileiro SA [emphasis added]." The article further reported, "Soros, through his Soros Fund Management LLC, reported holding 36.8 million American depositary receipts of the Brazilian oil company known as Petrobras as of Dec. 31 [2008] -- a holding valued at about $900 million at the time." The Export-Import Bank issued its preliminary commitment on April 14, 2009.
Soros reportedly sold 5 million shares in May 2009. A May 15, 2009, Bloomberg article reported: "Billionaire George Soros cut stakes in his biggest holdings, Petroleo Brasileiro SA and Potash Corp. of Saskatchewan, and bought more shares of retailers in the first quarter [of 2009]. Soros Fund Management LLC, the investor's hedge-fund firm, sold 5 million U.S. shares of Petrobras, as the Brazilian company is known, according to a filing today with the U.S. Securities and Exchange Commission. The New York-based firm's remaining 32 million shares of the state-controlled oil company were valued at $963 million at the end of the quarter."
Soros reportedly sold stock before Ex-Im bank loan was dispensed. The FactCheck article also refuted what it called the "baseless allegation" that the loan was intended to financially benefit Soros. From FactCheck.org:
The message claims that George Soros would "benefit most" from the loan, but that is also a baseless accusation. Soros is a favorite whipping boy of conservatives because of his early financial help to the liberal group MoveOn.org. And he is indeed a major investor in Petrobras, through his New York-based hedge-fund firm, Soros Fund Management LLC. But the hedge fund recently sold 22 million shares of common stock in the company (which carry voting rights) while buying 5.8 million shares of preferred stock (which is non-voting.) As reported by Bloomberg News, Soros reduced his stake in the company before any of the Ex-Im Bank's promised loan has been dispensed.
Beck claims a loan providing "strategic benefits" and jobs to U.S. means American people are "getting screwed"
Beck baselessly claims American people are "getting screwed." Beck also commented: "Then Petrobras shareholders get rich. Back at the beginning. Getting rich. You getting screwed. You see how this works? Don't you feel better inside? The American president is out looking for you."
Loan reportedly will create American jobs and provide "strategic benefits" to U.S. energy security
Ex-Im President: "Loan guarantees to help finance purchases of U.S. goods and services by Petrobras." In an August 21, 2009, letter to the editor printed in The Wall Street Journal, Export-Import Bank chairman and president Fred P. Hochberg discussed the "loan guarantees to help finance purchases of U.S. goods and services by Petrobras." Hochberg wrote, "This increases the likelihood that American -- not foreign -- workers will be employed to satisfy part of the company's planned $175 billion investment during the next five years." Hochberg also asserted: "Ex-Im Bank does not make U.S. policy. In fact, our charter prohibits us from turning down financing for either nonfinancial or noncommercial reasons, except in rare circumstances including failure to meet our environmental standards." He added: "The foreign buyers that use Ex-Im Bank products pay us in full. Over the past 16 years the fees that we collect have netted American taxpayers more than $4.9 billion plus the jobs those exports have created. Thanks to the fees we charge, the bank is self-sustaining and does not receive any appropriated funds from Congress."
Ex-Im spokesman: "This is the government doing what it's supposed to do: Create jobs." An August 19, 2009, blog post by Politico's Ben Smith reported on Export-Import Bank spokesman Phil Cogan's response to similar criticism made by Fox News' Sarah Palin:
yahoo answers is a forum based site where one can post opinion, much like here.I wonder if that is where we get out best answerer idea from? If this is something that has been done, there should be a news article from several sources covering this event. I find it interesting that if this truly has happened that it is so hard to find. I will continue to look for a trusted source of this information, but so far I am not finding it.
for future reference when searching for reliable sources...yahoo! answers is peer-based and no more reliable than, say, a forum. there's no documentation of qualification or proof of validity....and a lot of people generalize what they get from websites, so you might want to compile your own "answers" from the websites listed rather than quote the actual answer. disclaimer at the bottom if you're interested, along with a Full Disclaimer link.
http://answers.yahoo . com/info/welcome
of course Obama's being a double-handed snake about this whole oil thing..he's a politician. I'd be floored if he WASN'T playing another agenda on the sly.
http://answers.yahoo . com/info/welcome
of course Obama's being a double-handed snake about this whole oil thing..he's a politician. I'd be floored if he WASN'T playing another agenda on the sly.
Good information Sara it should be crystal clear now to everyone ?
As per your request, I have found the following confirmation of this. From Yahoo Answers:
Did you know Obama gave 2 billion $ to Petrobras, Soros Brazilian Oil Corp to drill further off shore than BP?
That's right, Obama's favorite Criminal Belgian Billionaire supporter, George Soros of Moveon.org. The guy who got a bank attacked by lies for him by Chuck Schumer which lead to a run on the bank, insolvency, and he got to take it over cheaply and profit in the extreme.
His largest investment is Petrobras, he is an owner of this company, Obama got them a 2 billion $$ loan to drill at extreme depth long before he allowed American Companies to drill, and probably was forced to do that because of the way his favoritism was getting out and angering environmentalists supporters he'd fooled into thinking he cared about environmental issues ... but when it comes to money for his supporters or the environment, the environment clearly loses, because it's just another issue to him. He's just another communist pseudo environmentalist, he uses the issues to make political points and get support by making his supporters and friends billions on deals like cap and trade or the money he got Soros company. Cap and trade will actually be in the trillions, and it's coming strait out of the pockets of the US consumers of electricity and fuel AND WAKE UP, WE ARE ALL CONSUMERS, EVERYTHING YOU BUY HAS COST OF OIL IMBEDED INTO IT, EVERYTHING THAT MOVES OR HAS TO BE TRANSPORTED, ELECTRICITY, EVERYTHING MANUFACTURED AT ALL, PACKAGED ... EVERY STINKING THING!
Obama said it out of his own mouth, under his plan (which will make his buddies trillions) electricity costs will necessarily skyrocket ... the trillions his buddies will get? They will come from YOU!
* 4 days ago
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pznbob by pznbob
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Yes he did, and that's YOUR money, and you will pay out the nose to enrich HIS Supporters. Great Question!
Our justice department is also pretty much bought off by guys like Soros, Rothschild, and other billionaire globalists who back the democrats and we need to completely change it out and go after these scum bags under the Rico Act, Obama not only included, but one of the first on the list. Obama was setting up cap and trade from the Joyce Foundation he headed for a while, and things were moving under his Adviser the criminal fraud embezzler Franklin Riens who stole 90 million $$ from the tax payers through Fannie Mae and was allowed to get away with it using the money and resources of Fannie Mae, a mortgage facilitation company of all things! Hello?
Source(s):
http://sweetness-light.com/archive/soros…
http://gatewaypundit.firstthings.com/200…
US Oil Rigs moving to Brazilian Waters because of Obama's moratorium, which really pays off his buddy Soros:
http://gatewaypundit.firstthings.com/201…
Also, you might try this link: http://astuteblogger.blogspot.com/2010/06/off-shore-oil-drilling-obama-soros.html
Did you know Obama gave 2 billion $ to Petrobras, Soros Brazilian Oil Corp to drill further off shore than BP?
That's right, Obama's favorite Criminal Belgian Billionaire supporter, George Soros of Moveon.org. The guy who got a bank attacked by lies for him by Chuck Schumer which lead to a run on the bank, insolvency, and he got to take it over cheaply and profit in the extreme.
His largest investment is Petrobras, he is an owner of this company, Obama got them a 2 billion $$ loan to drill at extreme depth long before he allowed American Companies to drill, and probably was forced to do that because of the way his favoritism was getting out and angering environmentalists supporters he'd fooled into thinking he cared about environmental issues ... but when it comes to money for his supporters or the environment, the environment clearly loses, because it's just another issue to him. He's just another communist pseudo environmentalist, he uses the issues to make political points and get support by making his supporters and friends billions on deals like cap and trade or the money he got Soros company. Cap and trade will actually be in the trillions, and it's coming strait out of the pockets of the US consumers of electricity and fuel AND WAKE UP, WE ARE ALL CONSUMERS, EVERYTHING YOU BUY HAS COST OF OIL IMBEDED INTO IT, EVERYTHING THAT MOVES OR HAS TO BE TRANSPORTED, ELECTRICITY, EVERYTHING MANUFACTURED AT ALL, PACKAGED ... EVERY STINKING THING!
Obama said it out of his own mouth, under his plan (which will make his buddies trillions) electricity costs will necessarily skyrocket ... the trillions his buddies will get? They will come from YOU!
* 4 days ago
Report Abuse
pznbob by pznbob
A Top Contributor is someone who is knowledgeable in a particular category.
Member since:
February 15, 2009
Total points:
1971 (Level 3)
Badge Image:
A Top Contributor is someone who is knowledgeable in a particular category.
Contributing In:
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* Add to My Contacts
* Block User
Best Answer - Chosen by Asker
Yes he did, and that's YOUR money, and you will pay out the nose to enrich HIS Supporters. Great Question!
Our justice department is also pretty much bought off by guys like Soros, Rothschild, and other billionaire globalists who back the democrats and we need to completely change it out and go after these scum bags under the Rico Act, Obama not only included, but one of the first on the list. Obama was setting up cap and trade from the Joyce Foundation he headed for a while, and things were moving under his Adviser the criminal fraud embezzler Franklin Riens who stole 90 million $$ from the tax payers through Fannie Mae and was allowed to get away with it using the money and resources of Fannie Mae, a mortgage facilitation company of all things! Hello?
Source(s):
http://sweetness-light.com/archive/soros…
http://gatewaypundit.firstthings.com/200…
US Oil Rigs moving to Brazilian Waters because of Obama's moratorium, which really pays off his buddy Soros:
http://gatewaypundit.firstthings.com/201…
Also, you might try this link: http://astuteblogger.blogspot.com/2010/06/off-shore-oil-drilling-obama-soros.html
sorry I thought you meant on this thread I hear the Glenn thread got deleted ...
Maybe I overlooked the Beck thread. When someone finds a followup on this, post it. I would like to see it. In the meantime, To all a good night.
I have been following this there are no deleted threads teko .its the same ..George Sorros is indeed tied to this admin its allup there no secrets ,no conspiracy theory just facts ....
The loan was announced in 2009. It was signed last week. I have found one source that verifies that but I want to find another one that will be acceptable to all.
And please Teko, do yourself a favor. Research who George Soros is. Learn for yourself how he is tied to this current administration. Wikipedia would be a good start. But there is a whole lot more out there.
He is brilliant in business but is desperate to use his money and influence to move the entire world to his way of thinking. His way of thinking does not coincide with our American Constitution or way of life. This is a bit extreme but in some ways he reminds me of Dr Evil. LOL. Except it's not a movie and I personally find him a very scary megalomaniac.
And please Teko, do yourself a favor. Research who George Soros is. Learn for yourself how he is tied to this current administration. Wikipedia would be a good start. But there is a whole lot more out there.
He is brilliant in business but is desperate to use his money and influence to move the entire world to his way of thinking. His way of thinking does not coincide with our American Constitution or way of life. This is a bit extreme but in some ways he reminds me of Dr Evil. LOL. Except it's not a movie and I personally find him a very scary megalomaniac.
So what is going on with all the deleted threads, is this one next?
I am not saying he did not. What I am saying is this is an old article and has somehow been attached to what is going on now. They are two separate things. As to how and why this was initiated (the article doesn't say it has happened yet), I would need to research further. But it is a year old and this was before the spill and the 6 month moratorium on oil drilling off our shores. Did I misunderstand?
I think Sarah's thread is about OBama and the 2 billion to Brazil .. yes ' OBama underwrites offshore drilling in Brazil'
GEORGE SOROS is Chairman of Soros Fund Management, LLC and founder of The Open Society Institute. He was born in Budapest in 1930. He survived the Nazi occupation and then fled communist Hungary for England, where he graduated from the London School of Economics. He then settled in the United States, where he accumulated a large fortune through the investment advisory firm he founded and managed. Mr. Soros is the author of eleven books, including most recently The Soros Lectures at the Central European University.
For more information he has his own website and he is actually very very impressive.
For more information he has his own website and he is actually very very impressive.
I found the article and it is dated Aug 18, 2009 and has absolutely nothing to do with what is going on right now with the oil spill in the gulf???
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