Joy Tiz
©2010
Reuters is reporting that Brazil stands to benefit from the BP oil spill disaster as the US moratorium makes more rigs available for other countries.
Even as an ecological catastrophe makes the future of U.S.
offshore drilling less certain, Brazil is plowing ahead with a
$220 billion five-year plan to tap oil fields even deeper than
BP’s (BP.L) ill-fated Gulf well, which is still leaking crude.
It’s estimated that thirty five rigs are now sitting idle in the Gulf of Mexico. Brazil is already getting inquiries from companies wanting to move their rigs there. Brazil’s state oil company, Petrobras already produces about a fourth of the world’s deep water oil.
Analysts say oil companies operating in the Gulf of Mexico-- most notably BP and Chevron (CVX.N) -- may have to decidebetween paying standby fees while the rigs are idle, movingthem to other projects, or canceling the contracts.The U.S. moratorium may last longer than six months becauseof U.S. sentiment against offshore drilling and plans for anoverhaul of safety standards.
The shortage of rigs could help Brazil become a major oil exporter.
What an amazing stroke of good fortune for Obama’s boss, unrepentant Nazi collaborator, George Soros!
Soros is also invested in offshore oil drilling in Brazil, assisted by the American taxpayers. Newsmax:
The Wall Street Journal reports: ‘The United States, through the U.S. Export-Import Bank, has issued a ‘preliminary commitment’ of $2 billion and more if needed’ to Petroleo Brasileiro SA, a Brazilian government-owned oil exploration and development corporation known as ‘Petrobras.’
Soros Fund Management, LLC holds a stake in Petrobras of approximately $900 million as of December 31, 2009.
George Soros’ principal investments are in oil; one in particular is Petrobras, the Brazilian-owned company. This happens to be the largest investment in the Soros portfolio at the present time.
Now that word is out that the facilities of the U.S. Export-Import Bank SA is offering guarantees for loans to Brazil’s state-owned oil company Petrobras, U.S. citizens are beginning to complain.
Soros also owns quite a lot of real estate in Brazil. Soros’ Adecoagro, which invests in renewable energy, owns or leases about 840,000 acres of farmland in Argentina, Brazil and Uruguay growing coffee, soybeans and other commodities. Royal Dutch Shell Plc and Bunge Ltd. Are also expanding into ethanol in Brazil.
When you get to boss the president around, you never have to let a good crisis go to waste.
5 Comments
It is hard to put into words how shocked I am that it took BP so long to make any substantial profess in stopping the leak. It makes you question what kind of people they have running the company. What I find hard to believe is that a multinational cooperation like BP, with over a 100 years experience in the business, couldn’t do more. This just shows we give them too much credit. This is sad, so very sad.
So many people have lost their livelihood because of this.
Their goal is to bankrupt America and turn us into a socialist country. There are many that think that is a great idea. What it will do is enslave the population as it has in every country that is socialist. Our taxes will go to the government and the wealthy and we will have the essentials, only if they allow it.
If you speak out you are called a nut. We, the people of the United States, need to take our country back.
The most disturbing thing about this affair is that George Soros (or his masters) have such a stranglehold on the Federal Government that they forced the latter to suppress (satellite) evidence that the North Koreans torpedoed the BP oil rig (with the inevitable collateral damage).
Great post. We are being played fools once more.
When will the American Voting Public speak out and tell OBAMA he is wrong!
When will we get back the United States that we knew and were proud of before
we ever heard of Barack Obama?
He has a problem in the Gulf right now but that is no reason to confiscate and
close off any oil drilling by America. Seems that he is purposly trying to
help the likes of George Soros and hurt the American Dream.
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[...] ~The Soros Connection | Published: June 13 Obamas Boss See Silver Lining in Bp spill- [...]
[...] no intention of abiding by Judge Feldman’s ruling. Obama’s boss, George Soros, has too much invested in Brazilian oil. Brazil needs those idle [...]
[...] donation Obama received from BP; Obama’s bestowing of a safety award to BP, and Obama’sboss’s enormous financial stake in the offshore drilling moratorium, the media has appointed BP the [...]
[...] is also invested in offshore oil drilling in Brazil, assisted by the American taxpayers. Read the full article at JoyTiz.com Posted in Uncategorized. Tags: George Soros, Gulf oil spill, Oil Drillng. Leave a Comment [...]