Well, well, Mr. cap and trade, Mr. Green energy, Mr. didn’t have a problem with gas prices Barack Obama is showing what a hypocrite he is. The only green energy he’s interested in is the energy it takes to remove dollar bills from your pocket.
With a cap and trade scheme that will bludgeon energy companies in the U.S. and impose a defacto tax on the rest of us, and an absolute refusal to drill for oil off American shores and in Alaska, Barack Obama now shows us that he really isn’t against drilling for oil at all. Maybe he’s waiting until the government can take over that industry as well. As a matter of fact, he’s going to pitch in to help an oil company that happens to be state owned.
The Brazilian state owned oil giant Petrobras looks to get $2 billion in loans or loan guarantees from a United States government that is borrowing every dime it spends to exploit a huge oil discovery in their Tupi oil fields.This doesn’t seem to make sense in that Petrobras seems to have the capital to finance the drilling project on their own.It doesn’t seem to make sense.
It turns out that George Soros-yes that George Soros sold millions of shares of common stock in Petrobras, and then turned around and purchased millions of preferred shares in that company. Why do that? Not only was the common stock more expensive, but the preferred shares pay a 10% dividend. 10% dividends from stock in a company that is about to hit the oil jackpot. That means millions for Soros. This occurred just days before the loan to Petrobras was announced. How could Soros have known that the U.S. was about to bankroll the project? Did he know? What do you think? Those stock transactions were no small potatoes. That was quite a bit of money, even for Soros.
David Axelrod’s buddies got a handout the other day, and now Soros looks to make a ton. We have no evidence yet, but insider trading happens to be illegal. It looks like it’s more illegal for some than others.
I heard about Obama giving a loan out for offshore drilling and I was going to write about it but I never did. THe first question that I had was where the hell is this money coming from? We don’t have any.
I hadn’t heard about this Soros angle before, good find. It seems that there are a few shady deals going on in the White House these days. It is time to begin investigating exactly what is going on.
It looks pretty blatant, but the problem is that someone will have to prove it, and then run it by Obama’s hacks at the SEC. Good luck.
George is not in this for the adulation, he has always been in it for the money.
Looks like he just covered his tax hike.