YID With LID: Why Obama Gave Billions To Brazil For Oil Drilling/ SOROS OWNS SOME OF THE COMPANY
Last month there was much criticism over the fact that President Obama agreed to give Brazilian Owned Oil Company Petrobras up to $10 Billion Dollars to look for Oil off the Brazil Coast. This was especially disturbing when you consider that they Administration objects to the US Drilling off its own coast, which will work toward keeping the price of oil low and help wean us off foreign oil.
Why would the POTUS pay for a foreign country to drill for oil but object to his own country taking advantage of his own country's resources? Payback.
Last week Hot Air discovered that "coincidentally" just a few days before the announcement of the US Oil Exploration Aid, Friend of Barack, George Soros, set himself up to make a lot more money from Brazilian Oil Exploration:
His New York-based hedge-fund firm, Soros Fund Management LLC, sold 22 million U.S.-listed common shares of Petrobras, as the Brazilian oil company is known, according to a filing today with the U.S. Securities and Exchange Commission. Soros bought 5.8 million of the company’s U.S.-traded preferred shares.
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