Obama Strengthens George Soros' Oil Interests In Brazil

check ^ | 3/18/11 | Dr B

[cripplecreek]

Obama certainly seems to be doing all he can to drive up oil prices and maximize his boss’s profits. Kinda makes me wonder if that isn’t why we’re playing war in Libya.

[RushIsMyTeddyBear]

Wondering the same thing.

[Georgia Girl 2]

The Puppet Master has given Obamao his marching orders.

[Maverick68]

b

[Liz]

"The U.S. Interior Department said on Thursday it gave final approval for Petrobras to use the first ever deepwater floating production storage facility in the Gulf of Mexico. Now who is a BIG stockholder in Petrobras and will make a financial killing on this?

6/19/09
Soros reports 73.5% increase in Petrobras stake
Marketwatch.com ^ | February 17, 2009 | Tony Cooke
FR Posted on Saturday, June 19, 2010 3:21:12 AM by wac3rd

Billionaire investor George Soros on Tuesday reported that during the fourth quarter he increased his already considerable stakes in Brazilian state-controlled oil company Petroleo Brasileiro S.A. /quotes/comstock/13*!pbr/quotes/nls/pbr (PBR 38.29, +0.05, +0.13%) and Potash Corp. of Saskatchewan Inc. /quotes/comstock/13*!pot/quotes/nls/pot (POT 99.36, -1.25, -1.24%).

Soros, through his Soros Fund Management LLC, reported holding 36.8 million American depositary receipts of the Brazilian oil company known as Petrobras as of Dec. 31 - a holding valued at about $900 million at the time. Soros held 21.2 million ADRs at Sept. 30, according to his disclosure filed with the SEC.

Soros also reported holding $434 million in Canadian Potash shares as of Dec. 31 - a total of about 5.9 million shares. He reported holding 3.3 million Potash shares as of Sept. 30. Petrobras and Potash were the two largest stakes reported by the Soros fund as of Dec. 30 (Excerpt) Read more at marketwatch.com ...

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FR ANALYSIS Ingtar wrote: Lend is a misused word in these cases. It usually amounts to a grant, but they call it a loan to make it more palatable. Of course, the rigs freed up in the Gulf are now on the way to make Soros’ investment pan out.

Ohaha stupidly shut down US offshore drilling--33 rigs-- and put Americans out of work. But Ohaha is "lending" $2B to Brazil to drill even deeper than the calamitous Horizon platform, using the same rigs now in the Gulf.

Watta coincidence (/snix). George Soros, has a $900M stake in Petrobras (Brazilian Big Oil). US taxpayers will never see that $2B "loan" again.

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HERE'S WHY OBAMA WENT TO INDIA: 8/26/10 Soros' Quantum hedge fund last week purchased Dubai Financial Group's 4% stake in the Bombay Stock Exchange....... Soros' investment comes as India works to modernize its capital markets, opening new exchanges, streamlining trading and introducing new products, like currency futures.

News sources say Soros sold his entire Brazilian Petrobras stake to help finance the purchase of 4% stake in Bombay Stock Exchange. Buying and selling of non-US listed companies, including ADRs on US stock exchanges, is not required to be registered on the SEC forms.

[mewykwistmas]

Ooops, that Glen Beck conspiracy theory:
http://www.businessweek.com/news/2010-08-17/soros-sells-petrobras-dumps-biggest-company-holding.html

“Billionaire George Soros’s fund management firm sold all of its Petroleo Brasileiro SA stock, dumping its biggest company holding ahead of a planned $25 billion offering by Brazil’s state-controlled oil producer.

Soros Fund Management LLC, which oversees $25 billion, sold 9.1 million American depositary receipts representing Petrobras common stock and 5.88 million ADRs corresponding to preferred shares in the second quarter, according to a filing with the U.S. Securities and Exchange Commission yesterday.”

[Liz]

Obama goes to Brazil

" This oughta drag them damn Bible-clingers away from Repubs.
I'll order the DNC to make this into a poster for my 2012 campaign.
And hire a retoucher to make the lights appear as halos over our heads."

[NoLibZone]

Who did he sell them to?

I’d bet he sold them to another company he controls.

[mewykwistmas]

HUH? Petrobas is a publicly traded company http://finance.yahoo.com/q?s=PBR , worth over $50 Billion. Your pension fund probably own it too. This is the dumbest conspiracy theory I have heard. Too dumb, even for Beck.

[proxy_user]

Soros does own about 2% of Petrobras.

His holdings are certainly much larger than mine are.....

[mewykwistmas]

“His holdings are certainly much larger than mine are.....”

I bet his house is bigger too ;)

Soros has 2% of Petrobas? I doubt he’d put $5 Billion in one company but I don’t know. Anyway, here are http://finance.yahoo.com/q/mh?s=PBR+Major+Holders

[Texas Fossil]

This is the dumbest conspiracy theory I have heard.

You are wrong sir. I have been tracking this one for the past 2 years. The Soros involvement is a small part of this, the big issue is the 10 Billion funding by the Export/Import Bank authorized after Obozo appointed a new President for that Bank about 6 months after his corronation.

Then there was the small thing of buying off the Brazilian government (Lula) to assist reinstate of "Mel" Zelaya (Commie) who was legally removed as President of Honduras because he violated their constitution prohibiting changing the laws to allow him to run another term.

If you want the details, I can furnish that. I have been actively following this for a long time....

[NoLibZone]

My pension fund doesn’t have a president in his pocket.

Are you with Soros?

[NoLibZone]

From the article cited by the Noobie:

"Soros has also put money in Brazil using his Buenos Aires- based Adecoagro venture, which invests in agriculture and renewable energy in Latin America.

The firm said in February it may hold an initial public offering to fund projects including a Brazilian sugar mill."

http://www.businessweek.com/news/2010-08-17/soros-sells-petrobras-dumps-biggest-company-holding.html

[Cheetahcat]

Interesting reading guys, thanks.

[chiefqc]

Mac daddy is performing another repay service for his MAIN PIMP.

[hattend]

His kids look so happy to be there.

[Sun]

Obama takes care of his friends like Soros.

[Smokin' Joe]

It's the only thing which makes any sense.

When you consider we are working to depose a dictator who had been little trouble recently and replace him with what, exactly? The 'revolutionaries' backed by AlQaida and Hizb'allah aren't exactly an ideal choice for a replacement, but they will welcome the income stream from oil if they can get it.