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Obama to finance oil drilling... in Brazil!
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| The17sss |
$2 BILLION of taxpayer money so far, and the funding may increase. Drill here, drill now to lower energy costs, and create jobs... in Brazil that is.
| quote: | 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 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. |
http://online.wsj.com/article/SB100...0120524166.html
So, uh.... who benefits? Well, by total coincidence George Soros owns a 23% stake in the energy producer, and just a few days before this deal was signed, he repositioned himself in Petrobras to make even more money off the dividends. And who provides hundreds of millions of dollars for Obama's causes? George Soros.
NOTE: this Bloomberg story is from 3 or 4 days before Obama made the deal with Petrobras:
| quote: | His New York-based hedge-fund firm, Soros Fund Management LLC, sold 22 million U.S.-listed common shares of Petrobras, as the Brazilian oil company is known, according to a filing today with the U.S. Securities and Exchange Commission. Soros bought 5.8 million of the company’s U.S.-traded preferred shares.
Soros is taking advantage of the spread between the two types of U.S.-listed Petrobras shares, said Luis Maizel, president of LM Capital Group LLC, which manages about $4 billion. The common shares were 21 percent more expensive than preferred today, according to data compiled by Bloomberg.
“He knows he held a voting right in the common shares that would never translate to actual power,” Maizel said in an interview from San Francisco. “He’s just playing the spread.”
Petrobras preferred shares have also a 10 percent additional dividend, said William Landers, a senior portfolio manager for Latin America at Blackrock Inc. |
http://www.bloomberg.com/apps/news?...id=a.V5sgGzdsQY
What's even more ed up is that 3 weeks earlier, a U.S. energy company in Ohio was denied the same amount of funding for nuclear energy development that Obama promised he would provide them while campaigning. The deceit and corruption in this administration is ing staggering... as is the deafening silence of the mainstream media to report this.
http://www.washingtonpost.com/wp-dy...9072802617.html |
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| Sushipunk |
| I was wondering why this thread was deleted from the COR :p |
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| iTranscendence |
Awwww, just like little dick and halliburton.
You wake up to the false left/right paradigm you lose. |
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| Krypton |
If the government makes a profit, and they will, I see nothing wrong with it. Now, funding exploration for a foreign integrated oil company, so we can import more foreign oil, I don't like. But neither do I like drilling more on our lands. I say mobilize an entire sector of the economy to develop a post-fossil fuel economy, and fast.
| quote: | Originally posted by iTranscendence
Awwww, just like little dick and halliburton.
You wake up to the false left/right paradigm you lose. |
Telling them to wake up will always make you lose. Nothing irks me more than having some tell me I need to wake up. It's one of the most counter-productive statements if you'r trying to convince someone of something. Personally, I don't care if what you'r arguing is right or wrong, being told I need to wake up, just makes me dismiss whatever you have to say immediately. Not saying you directed your comment to me in this thread, but in other threads, the statement has been said on many occasions, especially by the 9/11 truther squad. |
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| The17sss |
| quote: | Originally posted by Sushipunk
I was wondering why this thread was deleted from the COR :p |
yeah i accidently posted it there... thought i was in the PDD at the time. had to make a break for it once i realized. :p |
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| iTranscendence |
| quote: | Originally posted by Krypton
If the government makes a profit, and they will, I see nothing wrong with it. Now, funding exploration for a foreign integrated oil company, so we can import more foreign oil, I don't like. But neither do I like drilling more on our lands. I say mobilize an entire sector of the economy to develop a post-fossil fuel economy, and fast.
Telling them to wake up will always make you lose. Nothing irks me more than having some tell me I need to wake up. It's one of the most counter-productive statements if you'r trying to convince someone of something. Personally, I don't care if what you'r arguing is right or wrong, being told I need to wake up, just makes me dismiss whatever you have to say immediately. Not saying you directed your comment to me in this thread, but in other threads, the statement has been said on many occasions, especially by the 9/11 truther squad. |
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| pkcRAISTLIN |
| quote: | Originally posted by iTranscendence
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are you sure that's not a truther rally? |
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| iTranscendence |
| quote: | Originally posted by pkcRAISTLIN
are you sure that's not a truther rally? |
Awww defending your boyfriend, that's even cuter than the poetic irony of this explosive new info.
You look like a gay. |
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| occrider |
| Oh for christ's sake ... seriously are you people retarded? Do you guys even understand the role of the Ex-Im bank? |
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| pkcRAISTLIN |
| quote: | Originally posted by iTranscendence
Awww defending your boyfriend, that's even cuter than the poetic irony of this explosive new info. |
krypton got the "i hate CTers" treatment back in the day when he was a federal reserve conspiracy theorist.
i was just hoping you were going to tell me how strong the 911 movement is so i could have a chuckle :) |
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| pkcRAISTLIN |
| quote: | Originally posted by occrider
Oh for christ's sake ... seriously are you people retarded? Do you guys even understand the role of the Ex-Im bank? |
haha, awesome. explain it for us if you have the time occrider :) |
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| occrider |
| quote: | Originally posted by pkcRAISTLIN
haha, awesome. explain it for us if you have the time occrider :) |
I'm passing out in a minute so it will have to wait ... but here's a hint: the "EXPORT" and the "IMPORT" parts of the title imply activities whether it be trade, job growth, or revenue that are not limited to the boundaries of the united states ... for s sake try to learn the concept of "net present value" for a project please :rolleyes: |
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