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Petrobras gets permit for U.S. deep waters
http://www.upi.com ^

Posted on 03/23/2011 9:59:17 AM PDT by Lucky9teen

WASHINGTON, March 18 (UPI) -- Washington has given Petrobras America Inc. permission to start oil and gas production in the Gulf of Mexico, a regulator said.

The Bureau of Ocean Energy Management, Regulation and Enforcement gave Petrobras approval to use a floating production storage offloading facility at its Cascade-Chinook project in the Gulf of Mexico.

The approval marks the first time FPSO technology will be used in U.S. waters of the Gulf of Mexico.

The oil and gas project is about 165 miles off the coast of Louisiana in 8,200 feet of water. The FPSO has a production capacity of 80,000 barrels of oil and 16 million cubic feet of natural gas per day.

The BOEMRE approved the production safety system permit and a supplemental deep-water operating plan from Petrobras. The regulatory agency said it was satisfied that operations would be safe from hurricanes and other natural disasters.

"These regulatory approvals pave the way for safe, new production of oil and gas resources in the Gulf of Mexico," BOEMRE Director Michael R. Bromwich said in a statement.

Noble Energy in early March was awarded a BOEMRE permit to drill in the Mississippi Canyon block about 70 miles south of the Louisiana coast.

The permit was for what the BOEMRE described as a bypass well meant to drill around a mechanical problem in the original hole.

Deep-water exploration is under scrutiny following the April oil spill in the Gulf of Mexico. The U.S. government lifted a moratorium on deep-water drilling in October, six months after the Deepwater Horizon oil rig caught fire and sank in the Gulf of Mexico.

(Excerpt) Read more at upi.com ...


TOPICS: Business/Economy; Crime/Corruption; Foreign Affairs; Government
KEYWORDS: 201004; 201010; 201103; bigoil; boemre; boemrepermit; brasil; brazil; cascadechinook; cliffeflaborde; cliffelaborde; debt; deepwater; deepwaterhorizon; drill; drilling; energy; fpso; gas; gascompanies; gulf; gulfcoast; gulfofmexico; laborde; labordemarine; louisiana; mississippicanyon; nationaldebt; naturalgas; noble; nobleenergy; obama; offshore; offshoredrilling; oil; oilcompanies; oilstorage; oilwell; peterlaborde; petrobras; quantumfund; redneckriviera; soros
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The Brazilian government is the fourth largest foreign holder of U.S. debt. Any questions?

1 posted on 03/23/2011 9:59:23 AM PDT by Lucky9teen
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To: Lucky9teen

Surprise surprise...

Obama has had a hell of a week.

He’s given the GOP enough material to keep a Dem out of office in the W/H for 16 yrs...


2 posted on 03/23/2011 10:00:32 AM PDT by Professional
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To: Lucky9teen
And I'm sure that the fact that Obozo sock puppet master George Soros is heavily invested in Petrobras is just a coincidence.
3 posted on 03/23/2011 10:02:36 AM PDT by Vigilanteman (Obama: Fake black man. Fake Messiah. Fake American. How many fakes can you fit in one Zer0?)
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To: Lucky9teen

Please read tagline....


4 posted on 03/23/2011 10:02:49 AM PDT by Mortrey (Impeach President Soros)
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To: Lucky9teen
Obama spreads the wealth overseas and spreads poverty domestically. That is some leader.
5 posted on 03/23/2011 10:05:32 AM PDT by oyez (The difference in genius and stupidity is that genius has limits.)
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To: Lucky9teen

drill baby drill...but only for brazil...

In our own waters...taking OUR NG....

Treason.


6 posted on 03/23/2011 10:05:32 AM PDT by Crim
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To: Lucky9teen

Perfect precidence for lawsuit to open access for U.S. companies.

Except the administration will ignore the court orders...


7 posted on 03/23/2011 10:05:50 AM PDT by G Larry
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To: oyez

It’s a socialist thing...you wouldnt understand...


8 posted on 03/23/2011 10:07:24 AM PDT by Crim
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To: Lucky9teen

Cronyism at its best....Barry pays Soros handsomely!

That’s the Chicago way!


9 posted on 03/23/2011 10:07:46 AM PDT by Bigtigermike
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To: Professional

Unfortunately I think the answer is “you wish.” ALL of TV loves Obama. Fox even covers for him with O Reilly and Beck making fund of birthers. F TV.


10 posted on 03/23/2011 10:08:58 AM PDT by Frantzie (HD TV - Total Brain-washing now in High Def. 3-D Coming soon)
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To: Lucky9teen
Obama is handing over our national treasures to foreign interests.

And not one word from any "Republican".

11 posted on 03/23/2011 10:09:46 AM PDT by Obadiah (If you were going to shoot a mime, would you use a silencer?)
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To: Lucky9teen; All

What’s next, permits for foreign oil companies to drill in Texas and Alaska?


12 posted on 03/23/2011 10:10:31 AM PDT by A. Morgan
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To: Lucky9teen

Where is Forrest Taft (Steven Seagal) when you need him?


13 posted on 03/23/2011 10:11:37 AM PDT by moovova (Obama...a president who can’t decide if today is Tuesday or Wednesday...)
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To: Obadiah

So far the House GOP “leadership” is a BIG JOKE!


14 posted on 03/23/2011 10:11:46 AM PDT by A. Morgan
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To: Lucky9teen

How are we in debt. Countries owe us so much money.


15 posted on 03/23/2011 10:12:44 AM PDT by freekitty (Give me back my conservative vote; then find me a real conservative to vote for)
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To: oyez

This is some criminal.


16 posted on 03/23/2011 10:12:53 AM PDT by sappy (let taxpayers bargain collectively)
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To: Lucky9teen

Petrobras also holds stakes in the Saint Malo (25%) and Stones (25%) discoveries, which are believed to hold significant oil reserves.


The FPSO BW Pioneer, constructed in Singapore at the Keppel shipyard, measures 241 m long by 42 m wide.


The FPSO BW Pioneer is moored in 2,600 m of water to a disconnectable turret mooring system that will allow it to disconnect in case of severe weather and later reconnect and continue operations.

Petrobras' Cascade & Chinook inaugurate FPSO production in GOM
http://www.pennenergy.com/index/petroleum/offshore/display/9730791847/articles/offshore/volume-70/issue-12/top-5-projects/petrobras-cascade-chinook-inaugurate-fpso-production-in-gom.html
BW Pioneer is first of its kind in US, world’s deepest ever

The FPSO BW Pioneer, constructed in Singapore at the Keppel shipyard, measures 241 m (791 ft) long by 42 m (138 ft) wide. It is moored in 2,600 m (853 ft) of water to a disconnectable turret mooring system that will allow it to disconnect in case of severe weather and later reconnect and continue operations.

17 posted on 03/23/2011 10:14:11 AM PDT by thackney (life is fragile, handle with prayer (biblein90days.org))
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To: Lucky9teen

Petrobras is the operator of both units, with 100% ownership of Cascade and 66.67% of Chinook. Total E&P owns the remaining 33.33% of Chinook. Earlier this year, Petrobras exercised its rights to buy out former Cascade partner Devon Energy Corp., which previously held a 50% stake in the field.

The fields were developed using two subsea wells in Cascade and one subsea well in Chinook, approximately 30 km (18 mi) south of Cascade. Each well was drilled to an approximate depth of 27,000 ft (8,229 m), and based on reservoir performance, Petrobras may expand production to additional subsea wells on each field. Output from Cascade and Chinook is expected to reach 80,000 b/d, and is unlikely to exceed that amount until new drilling is allowed.


18 posted on 03/23/2011 10:15:14 AM PDT by thackney (life is fragile, handle with prayer (biblein90days.org))
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To: A. Morgan

You mean like British Petroleum?

They are the largest oil producer in the US.


19 posted on 03/23/2011 10:16:23 AM PDT by thackney (life is fragile, handle with prayer (biblein90days.org))
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To: Lucky9teen

Impeachment!


20 posted on 03/23/2011 10:18:39 AM PDT by cranked
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To: Professional
He’s given the GOP enough material to keep a Dem out of office in the W/H for 16 yrs...

If only they had the will.

Democrats would use the exact same material to keep republicans out of office for 50 years, maybe more.

21 posted on 03/23/2011 10:19:01 AM PDT by null and void (We are now in day 790 of our national holiday from reality. - It's 3 AM, where is the 'president'?)
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To: Professional

Depends on if the GOP is smart/ethical enough to do it. We get another string of Bob Dole types and even this won’t save them.


22 posted on 03/23/2011 10:19:05 AM PDT by Dead Corpse (explosive bolts, ten thousand volts at a million miles an hour)
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To: Lucky9teen
Wonder how much Obama and his boss Soros made off this deal?
23 posted on 03/23/2011 10:20:25 AM PDT by Americanexpat (Everytime I see that guy's face ot)
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To: freekitty
We give money to other countries. Aid is not incurred debt.

MAJOR FOREIGN HOLDERS OF TREASURY SECURITIES
http://www.treasury.gov/resource-center/data-chart-center/tic/Documents/mfh.txt

24 posted on 03/23/2011 10:21:08 AM PDT by thackney (life is fragile, handle with prayer (biblein90days.org))
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To: thackney

Yes, but with all foreign workers.. like Chinese.


25 posted on 03/23/2011 10:21:31 AM PDT by A. Morgan
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To: Obadiah

Palin might say something, but she would be called a simpleton and air-head by [insert your pundit here].


26 posted on 03/23/2011 10:21:42 AM PDT by Chaguito
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To: G Larry; warsaw44; ColdOne; Dubya-M-DeesWent2SyriaStupid!; GQuagmire; wintertime; Fred Nerks; ...
Perfect precidence for lawsuit to open access for U.S. companies.

Heck, it just might give a US company that ever-elusive "standing" to question The Won's bona fides to even be president.

Naaahhh...

27 posted on 03/23/2011 10:24:02 AM PDT by null and void (We are now in day 790 of our national holiday from reality. - It's 3 AM, where is the 'president'?)
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To: A. Morgan
There will be plenty of American workers on the Brazil fields. Heck for that matter, there are American workers in the fields in Brazil.
28 posted on 03/23/2011 10:24:48 AM PDT by thackney (life is fragile, handle with prayer (biblein90days.org))
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To: Americanexpat

See for yourself:

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

He sold all of his stake in the second quarter of 2010. Can we give this urban legend a rest now?

There’s plenty of real crap he does without inventing more.


29 posted on 03/23/2011 10:24:49 AM PDT by LRoggy (Peter's Son's Business)
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To: Chaguito

In fact Palin talked about Crony capitalism and the O administration - she did pointed out in one of her facebook about the ties of Obama and BP which the media tried to hide


30 posted on 03/23/2011 10:26:40 AM PDT by Bigtigermike
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To: Lucky9teen

My goodness....when will be the right time to IMPEACH this traitor??

Do we have to wait until he turns his guns upon the American people? Where is our leadership???


31 posted on 03/23/2011 10:27:09 AM PDT by NoGrayZone (“Too often, Republicans have the fighting instinct of sheep"...RUN SARAH RUN!!)
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To: Lucky9teen

sounds like a 14th Amendment case needs to be filed by our domestic oil companies


32 posted on 03/23/2011 10:32:28 AM PDT by Buckeye McFrog
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To: Lucky9teen

Didn’t take long to get THAT permit.


33 posted on 03/23/2011 10:39:47 AM PDT by TADSLOS (Tea Party. We are the party of NO! NO to more government! NO to more spending! NO to more taxation!)
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To: Vigilanteman

Just so no one thinks this just accidently happen but was in the works for a while. This from 2 1/2 years ago:

Market Watch Feb. 17, 2009 - “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.”

http://www.marketwatch.com/story/soros-reports-735-increase-petrobras-stake


34 posted on 03/23/2011 10:40:49 AM PDT by bgill (Kenyan Parliament - how could a man born in Kenya who is not even a native American become the POTUS)
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To: Buckeye McFrog

Why is this Petrobras production different than Shell or BP production?


35 posted on 03/23/2011 11:01:05 AM PDT by thackney (life is fragile, handle with prayer (biblein90days.org))
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To: Lucky9teen

And the unions are mum on Obama’s actions.


36 posted on 03/23/2011 11:26:31 AM PDT by Vaduz
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To: thackney

But borrowing is.


37 posted on 03/23/2011 11:32:42 AM PDT by freekitty (Give me back my conservative vote; then find me a real conservative to vote for)
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To: NoGrayZone
...when will be the right time to IMPEACH this traitor??

Do we have to wait until he turns his guns upon the American people? Where is our leadership?

I'll bet that over half the American public is echoing that same question this week. Unfortunately, if Obama is to be removed from office for his many crimes against this country, it'll have to be done by the American people. Congress certainly isn't going to do it, and neither is the Supreme Court.

I honestly don't know what it's going to take for the American people to exert sufficient pressure to make Obozo leave. Even with all he's done to damage this country beyond all recognition, there's no massive movement to call for his resignation or impeachment.

My guess is that, most people have concluded that all they can do is to vote him out next year.

38 posted on 03/23/2011 11:43:01 AM PDT by Windflier (To anger a conservative, tell him a lie. To anger a liberal, tell him the truth.)
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To: LRoggy
No one is inventing anything and I know that Obama and his people have denied Americans the right to drill in the Gulf even though a judge told him it was he couldn't. He has defied the judge's ruling and now he wants to let a foreign oil company drill where he has denied American companies the opportunity. Someone is getting a payoff. As for Soros Obama has his head so far up Soro’s ass if George ever shifts position he will break zero's neck.
39 posted on 03/23/2011 11:49:31 AM PDT by Americanexpat (Everytime I see that guy's face ot)
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To: freekitty

So how much is borrowed from us versus the what we owe others?


40 posted on 03/23/2011 11:58:23 AM PDT by thackney (life is fragile, handle with prayer (biblein90days.org))
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To: Americanexpat

Those who are making the Soros connection on this are inventing it, the sale was widely publicized a year ago.

I don’t disagree that Soros and Obama are an unhealthy combo, but it is silly to INVENT things that are easily traced through public records.

The people who are getting a payoff are those that purchase PBR stock going forward, which I have done for my clients this week. If you think this is such a sweetheart deal THEN BUY SOME STOCK in it. Not too tough to do.


41 posted on 03/23/2011 12:17:42 PM PDT by LRoggy (Peter's Son's Business)
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To: thackney; bgill; LRoggy

See Post #34. This has been in the works for awhile.


42 posted on 03/23/2011 12:21:14 PM PDT by Vigilanteman (Obama: Fake black man. Fake Messiah. Fake American. How many fakes can you fit in one Zer0?)
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To: LRoggy; Americanexpat; Vigilanteman
"Can we give this urban legend a rest now?"

Its not a urban legend, it a bogeyman myth, like what parents tell their children to scare them.

But instead of saying "the bogeyman is gonna get you", they say "Soros is gonna get you"

43 posted on 03/23/2011 12:22:02 PM PDT by Ben Ficklin
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To: Windflier

Sigh.....next year cannot come soon enough.


44 posted on 03/23/2011 12:29:16 PM PDT by NoGrayZone (“Too often, Republicans have the fighting instinct of sheep"...RUN SARAH RUN!!)
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To: Vigilanteman

See post 29.


45 posted on 03/23/2011 12:51:06 PM PDT by thackney (life is fragile, handle with prayer (biblein90days.org))
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To: LRoggy; Americanexpat
Obama Brings U.S. CEOs To Brazil
46 posted on 03/23/2011 12:52:49 PM PDT by Lucky9teen (Jobs? Nope! Economy? Nope! Disarm the U.S? Yep! Impeach the treasonous Marxist Muslim usurper bast)
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To: Ben Ficklin; LRoggy; Americanexpat; Vigilanteman
Obama Strengthens George Soros' Oil Interests In Brazil

Obama left his lush golf get-aways and NAACP basketball sprees to depart for a Brazilian vacation. There he personally looked after Brazil's oil companies.
We’ll also work to strengthen our relationship when it comes to energy. Brazil holds recently discovered oil reserves that could be far larger than ours, and as we seek to increase secure-energy supplies, we look forward to developing a strategic energy partnership. We’ll also continue our shared leadership in green economic growth and clean energy, including everything from biofuels to renewables such as wind and solar power. And as the host of the 2014 World Cup and 2016 Summer Olympics, Brazil is expected to invest more than $200 billion in upgrading its infrastructure — an area where America is primed to be a partner.

Obama abandoned the victims of genocide in Libya to help America's oil opposition. Why?

Out with Western oil, in with Russian and Brazilian oil. Is it just coincidence that George Soros sold his Western oil stock and bought stock in Russia and Brazilian oil companies, about three months ago?

Starting in 2009, George Soros invested heavily in Western oil companies in Libya. His investments brought enormous returns, and then at the end of 2010 he mysteriously sold them, and bought stock in Russian and Venezuelan oil.

Each Western company saw stock prices skyrocket over the last six months: Suncore Energy up 46%, Petroleo Brasileiro SA Petrobras up 15%, Occidental Petroleum up 36%, Marathon Oil Corp. up 61%, Conoco Phillips up 42%, Halliburton up 67%, Hess Corp up 57%.

Soros somehow knew to reduce Suncore stocks on New Years eve. Soros dumped almost all his holdings. Likewise, Soros dumped almost all of Halliburton on New Years eve. Same for Hess. Soros dumped almost all of Occidental at the end of September, along with most of Conoco Phillips. He dumped much of Marathon in June. Soros actually increased PBR but that might have more to do with its huge oil bock buy in Africa. Each company began to tumble over these last few days because of the bloody revolution in Libya.

Soros switched much of that over to Russia and Venezuela oil giant Harvest National Resources, which skyrocketed right after his initial September 2010 buy.

Last March, Soros invested in airport screeners. How did he know to do that? Insider info! But how did he know what would go down across the Middle East?

Soros was behind the Egyptian uprising. But it is crucial for him that Gaddafi must stay in power! Otherwise his Russian investments might lose out. That explains why Obama dittered on something as simple as a no-fly zone for 31 days!
47 posted on 03/23/2011 12:55:44 PM PDT by Lucky9teen (Jobs? Nope! Economy? Nope! Disarm the U.S? Yep! Impeach the treasonous Marxist Muslim usurper bast)
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To: Lucky9teen
Is it just coincidence that George Soros sold his Western oil stock and bought stock in Russia and Brazilian oil companies, about three months ago?

Why does your text say 3 months, but your link says it was from August 15, 2008?

Previous post show it was sold after that point.

48 posted on 03/23/2011 1:03:47 PM PDT by thackney (life is fragile, handle with prayer (biblein90days.org))
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To: Lucky9teen

Suncor (Not Suncore) closed on 12/31 around 35. It is now 45.

At the end of Sept 2010 Conoco sold at 46. It is now 78.

Yeesh! Do you bother vetting anything you read or post?


49 posted on 03/23/2011 1:12:45 PM PDT by LRoggy (Peter's Son's Business)
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To: Lucky9teen

I am no fan of Soros but 15 YEARS AGO he authored the definitive book on trading, called The Alchemy of Finance. He was Jimmy Rogers partner at the Quantum Fund. His record for trading was established starting in the late 60’s. To think he is all of a sudden making huge fortunes today is ignoring how good a trader he was for a long time.

Long before he became a progressive nut case.

From Wiki:

In 1956, Soros moved to New York City, where he worked as an arbitrage trader with F. M. Mayer (1956–59) and as an analyst with Wertheim & Co. (1959–63). Throughout this time, Soros developed a philosophy of reflexivity based on the ideas of Karl Popper. Reflexivity, as used by Soros, is the belief that the action of beholding the valuation of any market, by its participants, affects said valuation of the market in a procyclical ‘virtuous or vicious’ circle.[24]

Soros realized, however, that he would not make any money from the concept of reflexivity until he went into investing on his own. He began to investigate how to deal in investments. From 1963 to 1973, he worked at Arnhold and S. Bleichroder, where he attained the position of Vice-President. Soros finally concluded that he was a better investor than he was a philosopher or an executive. In 1967, he persuaded the company to set up First Eagle, an offshore investment fund for him to run; and, in 1969, it founded the Double Eagle hedge fund for him.[24]

In 1973, when investment regulations restricted his ability to run the funds as he wished, he resigned his position and established a private investment company, which evolved into the Quantum Fund. He has stated that his intent was to earn enough money on Wall Street to support himself as an author and philosopher —he calculated that $500,000 after five years would be possible and adequate.


50 posted on 03/23/2011 1:20:25 PM PDT by LRoggy (Peter's Son's Business)
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