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.

Apparently, Barack Obama’s pal George Soros has invested heavily in Petrobas.
Doug Strait sent this:

I read a lot of news and remembered that a while back George Soros had invested in an Brazilian oil company. So, I searched for “Petrobras Soros” and found a couple articles.

Here is one that I found.
These are the top 5 holdings of George Soros

1.Petroleo Brasileiro S.A.Petrobras (PBR) – 9,818,323 shares, 15.42% of the total portfolio
2.Hess Corp. (HES) – 5,123,198 shares, 10.56% of the total portfolio
3.Petroleo Brasileiro S.A.Petrobras (PBR-A) – 5,884,700 shares, 7.53% of the total portfolio
4.Potash Corp. of Saskatchewan Inc. (POT) – 1,978,053 shares, 7.06% of the total portfolio
5.Plains Exploration & Production Company (PXP) – 6,526,400 shares, 6.84% of the total portfolio

Note that there are two Petrobas stock numbers (PBR and PBR-A, numbers 1
& 3 listed above).

This looks interesting to me considering the Soros-Obama connections.

Agreed.

More… Ed Morrissey asks:

Is it a coincidence that Obama backer George Soros repositioned himself in Petrobras to get dividends just a few days before Obama committed $2 billion in loans and guarantees for Petrobras’ offshore operations?

via Gateway Pundit.

Who Gains From Offshore Drilling Moratorium?

But don’t worry. It’s not like George Soros has anything to gain from how the president handles BP or anything like that. That would, of course, be wrong. And if that were happening I’m sure everyone in the media would be all over it — especially — especially thinking that there is a lot to gain here.

For instance, in Brazil. Brazil — according to Reuters, Brazil is the one that really stands to benefit from the BP oil spill catastrophe. As the U.S. moratorium makes more rigs available for other countries, Brazil is going to gobble them up. Brazil is plowing ahead now with a $220 billion, five-year — $220 billion five-year plan to tap oil fields that are deeper than BP’s ill-fated Gulf well. Remember, $220 billion, it’s deeper than what we have here and the equipment is going to go from the Gulf down there.

But again, George Soros has nothing to gain from this. He is just telling the president what to do through the Center for American Progress. Soros Fund Management, LLC — I guess we should tell you this — holds a stake in Petrobras. That is the oil company in Brazil in the amount of $900 million as of December 31, 2009.

Petrobras, the Brazilian oil company, that the Obama administration — get this — the Obama administration is now lending $2 billion to. You ready? Wait for it. What is the $2 billion going for? To perform offshore drilling in Brazil.

Let’s see if I have this right: We ban it here; we lose the jobs here; we send the rigs down there; we loan Brazil the money to do the drilling in deeper water; the oil company — the big investor is George Soros who is advising the president on how he should handle the Gulf. Hmm.

via ‘Glenn Beck’: Who Gains From Offshore Drilling Moratorium? – Glenn Beck – FOXNews.com.

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Related:

Obama Unmasked, Part II: Drilling

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