Did anyone else hear this? Brazil Oil

Replies to This Discussion

Permalink Reply by T Jeffris on August 20, 2009 at 8:11pm

KSGirl,

I know about this. In late 2007, Brazil unveiled the discovery of massive offshore oil deposits in a "sub salt" geological layer off the country's southeastern coast. Look at a map and find Rio de Janeiro in Brazil. Then look slightly southeast from there into the Atlantic Ocean about, say, 50-100 miles. That would be roughly where the oil find was made. This discovery has been estimated at between 12 billion and 80 billion barrels of oil equivalent...that would make it the largest oil discovery in the world in the last 30 years and would put Brazil's supplies easily on par with Venezuelas--perhaps they would be even larger.

Brazil's plan is to have their state-controlled company, Petrobras (NYSE ticker symbol: PBR) get the lion's share of developing that oil. The government owns a litlle more than half of Petrobras, but the rest of the company's shares are sold publicly, in Brazil and on foreign stock exchanges, including the New York Stock Exchange. That's where people like George Soros come in. He probably owns a lot of Petrobras shares...but you can buy them too, if you want.

The bigger point is that Brazil and Petrobras need a lot of money to develop that oil, because it is in a very deep offshore location and is not easy to get out of the ground.

A few weeks ago, a top ranking U.S. general from the U.S. southern command met with Brazil's president, "Lula" to talk about joint cooperation in developing the subsalt oil fields. Do you see what this is about? Brazil needs money to invest in its oil production...the U.S. needs oil, and it doesn't want to get it from an unfriendly source like Venezuela. Brazil has traditionally been on much better terms with the U.S. That would explain why the U.S. would send money to Brazil to develop their oil...they probably want to secure an oil supply cheaply. It actually makes some sense. Besides that, a lot of U.S contractors could be sent down to Brazil to provide services to Petrobras and help get that oil out of the ground. Its mostly a win-win situation for the moment.

In the meantime, you and George Soros can buy Petrobras shares on the New York Stock Exchange. Even though Petrobras is a half state-owned company, it still pays quarterly dividends on its shares just like any other company.

I am telling you all this not because I am a fan of George Soros. To the contrary...I think he's a greedy hypocrite. But at least you will know what's up with this and perhaps you can make some money off the U.S. government's plans...

▶ Reply to This

Permalink Reply by Sandy Smith on August 20, 2009 at 8:18pm

Yep..follow George Soros and follow the money. George turns my stomach into acid.

▶ Reply to This

Permalink Reply by Grits on August 20, 2009 at 8:21pm

If GEORGE SOROS was not in the picture BO would not be where he is .... George and his money needs to go ..........

▶ Reply to This

Permalink Reply by Sandy Smith on August 20, 2009 at 8:30pm

Progressive Insurance...boycott

▶ Reply to This

Permalink Reply by T Jeffris on August 20, 2009 at 8:32pm

That's probably true...would not be surprised if Soros was pulling strings behind the current administration. But...stay informed and make a good return on YOUR investments so we can help get rid of these guys...

▶ Reply to This

Permalink Reply by gary kaalberg on August 20, 2009 at 9:05pm

thats old news. i find it funny that we are giving a loan to a state run oil company that had record profits last year. also they just inked a deal with china for 580 million barrels a year. looks like china is buying up most of the oil in the world. i wonder what thats all about,

▶ Reply to This

Permalink Reply by Phil on August 20, 2009 at 9:13pm

two words.......war machine

▶ Reply to This

Permalink Reply by M. J. "Zeb" Blanchard on August 21, 2009 at 1:49pm

Blairsville, GA 30512
August 21, 2009

Senators: Saxby Chambliss FAX 770/226-8633, Johnny Isakson
770/661-0768
Representatives Nathan Deal; FAX 770/535-2765, Phil Gingrey
770/795-9551, John Linder 770/232-2909, Tom Price 770/565-7570,
Paul Broun 706/549-9590.

According to an August 18, 2009 article in the Wall Street Journal, “The Obama administration is financing oil exploration off Brazil”. “The U.S. Export-Import bank tells us it has issued a preliminary commitment letter to Petrobas (Brazil’s nationalized oil company) in the amount of $2 billion . . .”.

And according to an August 14, 2009 article in Bloomberg, Petrobas is George Soros’ largest hedge fund holding at $811M.

Soros is known to be a heavy Obama financial backer with speculation that Soros actually controls the Democratic Party.

So loaning Soros’ major holding $2B is quid pro quo, “straight up”, as it were, and Chicago Politics at its finest, all rolled into one.

It is also un-constitutional since control of fiscal matters is enumerated to congress in the Constitution and only execution of congressional mandates is enumerated to the executive branch. Since congress did not delegate the authority to loan money to foreign nations the president is guilty of crimes against the Constitution. Furthermore I challenge each of you and your full staff to find authority for issuance of “Executive Orders” (EO) in the Constitution.

I am directing you as elected representatives of We the People to start proceedings to remove President Obama. “From Office on Impeachment for, and Conviction of . . . high Crimes and Misdemeanors” for violation of his oath to, . . . “, Preserve, Protect, and defend the Constitution of the United States.”

We have entered an extended period of government out of control. A government operating out of the bounds of the laws of its Constitution. It is time for the elected representatives to stand up for their country and the rights and freedom of We the People. To continue on in blind denial will only bring the country to ruin. You are all culpable, collectively and individually for allowing the powers granted to you by the Constitution to be usurped by a series of over bearing presidents. Your salvation from prosecution and to salvage your political careers will be to bring the impeachment of Barry Soetoro AKA President Barack Obama to a successful conclusion.

Sincerely,

M. J. Blanchard

▶ Reply to This