Connecting the Obama and Oil Drilling Dots

Two recent reports, when connected, seem to explain each other.

Report # 1

The Wall Street Journal found that the Obama Administration has directed the US Import-Export Bank to loan $2 billion to Petrobras, Brazil’s state owned oil company.  The money will fund exploration and drilling in a massive, off-shore oil field recently discovered off the coast of Rio.  This would seem most curious and incomprehensible, considering Obama and his supporters loath oil drilling and the US government is broke.  But apparently the explanation lies in report #2.

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Report # 2

From Reuters, a summary of a year-end SEC filing by the hedge fund owned by Billionaire and Obama Supporter George Soros.  According to Reuters Soros’ SEC filing discloses a:

large bet on Brazilian gas and oil giant Petroleo Brasileiro SA (PETR4.SA) (PBR.N), also known as Petrobras.

1 Comment so far

  1. Drew on March 7th, 2010

    Forking crooks. Its the Chicago way. Perhaps the most corrupt President ever.