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Obama Underwrites Offshore Drilling in Brazil (largest shareholder Soros) $2 billion to drill for oil for China

November 14, 2010

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.

Even though President Obama is against offshore drilling for our country, he signed an executive order to loan $2 Billion of our taxpayer dollars
(which we can’t afford to loan since we’re broke) to a Brazilian Oil Exploration Company the 8th largest company in the entire world) to drill for oil off the coast of Brazil! The oil that comes from this operation is for the sole purpose and use of CHINA and NOT THE USA!

Now here’s the real clincher…the Chinese government is under contract to purchase all the oil that this field will produce, which is hundreds of millions of barrels”… The U.S. has absolutely no gain from this transaction whatsoever!

Wait, it gets much more interesting.

Guess who is the largest individual stockholder of this Brazilian Oil Company and who would benefit most from this? It is American BILLIONAIRE, George Soros, who was President Obama’s most generous financial supporter during his campaign.

http://online.wsj.com/article/SB10001424052970203863204574346610120524166.html

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One Comment
  1. Thomas Gong permalink

    Check your facts before you publish LIES and TRASH!!! Obama signed two executive orders in April of 2009; neither of which addressed drilling, let alone drilling in Brazil.

    Export-Import Bank of the United States did the lending, with James Lambright serving as president and chairman at the time. Mr. Lambright was appointed by President G.W. Bush.

    Ex-Im Bank lends money; that money must be spent on U.S. goods and services. So, the money stays in the U.S., which creates revenue from interest paid and creates jobs. China and Petrobras have a contract, but it is not for ALL of the oil.

    Don’t be a political-party-dumbass. Learn The Truth regardless of the politics or party. Above All, Stop Spreading Lies.

    references:
    http://www.archives.gov/federal-register/executive-orders/2009-obama.html
    http://www.exim.gov/brazil/pressrelease_082009.cfm
    http://www.exim.gov/about/leadership/james_lambright_bio.cfm

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