American Tax Payers Fund Billions to Brazil Off-Shore Drilling Courtesy of Barack Obama

Obama Backer, George Soros’ Setting Stage to Benefit From Obama-Brazil Off-Shore Drilling Deal

Hot Air and Gateway Pundit have the goods on the Obama-Brazil deal: billions in American tax payer money going south of the border to Brazil’s state owned oil company, Petrobas:

From Hot Air:

“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.”

There’s also a connection to super-billionaire George Soros, founder of the Open Society Institute, big bucks backer of MoveOn.org. and, according to David Horowitz, behind the “Shadow Party” that runs the Democrat Party:

According to Richard Poe, co-author (with David Horowitz) of the book The Shadow Party:

“The Shadow Party is the real power driving the Democrat machine. It is a network of radicals dedicated to transforming our constitutional republic into a socialist hive. The leader of these radicals is … George Soros. He has essentially privatized the Democratic Party, bringing it under his personal control. The Shadow Party is the instrument through which he exerts that control…. It works by siphoning off hundreds of millions of dollars in campaign contributions that would have gone to the Democratic Party in normal times, and putting those contributions at the personal disposal of Mr. Soros. He then uses that money to buy influence and loyalty where he sees fit. In 2003, Soros set up a network of privately-owned groups which acts as a shadow or mirror image of the Party. It performs all the functions we would normally expect the real Democratic Party to perform, such as shaping the Party platform, fielding candidates, running campaigns, and so forth. However, it performs these functions under the private supervision of Mr. Soros and his associates. The Shadow Party derives its power from its ability to raise huge sums of money. By controlling the Democrat purse strings, the Shadow Party can make or break any Democrat candidate by deciding whether or not to fund him. During the 2004 election cycle, the Shadow Party raised more than $300 million for Democrat candidates, prompting one of its operatives, MoveOn PAC director Eli Pariser, to declare, ‘Now it’s our party. We bought it, we own it.…’”

In a November 11, 2003 interview with Laura Blumenfeld of the Washington Post, Soros described how he had jump-started the Shadow Party during the summer of 2002 by summoning a team of political strategists, activists, and Democrat donors to his Southampton beach house in Long Island.”
-DiscoverTheNetworks.org

Hot Air discovered Soros’ recent dealings relating to Petrobas:

“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. …”

To read more of Hot Air’s article link to “Good news: Obama backs off-shore drilling! Update: A Soros connection?”.

By LBG

Image - Petrobas