Wednesday, June 16, 2010

Tammy Bruce: George Soros heavily invested in Brazil, stands to profit from BP oil spill and opposition to deep-water drilling

Perhaps this is why drilling in Alaska is off the table–it would actually keep America safe and strong and won’t make Obama Boss George Soros even richer than he is now.

Interestingly, it seems the more trouble we have, the better it is for Soros. Last year, Soros noted he was “having a very good crisis” having bet against the United States and profiting from her economic downturn.

Now we learn Soros is set to be one of the biggest beneficiaries of the Gulf oil catastrophe. With Obama’s ‘moratorium’ and the Obama Admin’s general hostility to drilling, it’s reported many oil companies have already looked into with Brazil regarding a move those shores. And what is Soros principally invested in right now? Petrobras, the Brazilian state oil company.

Reuters is reporting that Brazil stands to benefit from the BP oil spill catastrophe 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 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…

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.

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.

Soros also owns quite a lot of real estate in Brazil.

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