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Obama oil money

Soapweed

Well-known member
Check this out ..........


Fox was the only news to report this (20 Aug 2009).

"Today, even though President Obama is against off shore drilling for oil for this country, He signed an executive order to loan 2 Billion of our taxpayers dollars to a Brazilian Oil Exploration Company (which is the 8th largest company in the entire world) to drill for oil off the coast of Brazil. The oil that comes from this operation is for the sole purpose and use of China and not the USA . The Chinese government is under contract to purchase all the oil that this oil field will produce, which is hundreds of millions of barrels of oil". We have very little to gain from this transaction..

Wait it gets more interesting.

Guess who is the largest individual stockholder of this Brazilian Oil Company and who would benefit most from this? It is American Billionaire, George Soros, Liberal businessman who is a radical left wing supporter, finances MoveOn.org as well as other liberal programs and was President Obama's largest and most generous supporter during his campaign. If you are able to connect the dots and follow the money, you are probably as upset as I am. Not a word of this transaction was on any of the other news networks.

Forward this factual e-mail to others who care about this country and where it is going. Also, let all of your Government representatives know how you feel about this. I wonder what President Obama is getting out of it......??.... it’s pay back time for Soros.

http://www.foxnews.com/politics/2009/08/20/loan-brazilian-oil-company-riles-conservatives-favor-offshore-drilling/
 

Liveoak

Well-known member
Interesting! Thanks for posting this. The information wasn't really clear where the money was coming from; taxpayer or Export-Import Bank.

"In fact, the Export-Import bank receives no appropriations from Congress and thus does not rely on American taxpayer dollars and is also not "sending" $2 billion to the Brazilian company but offering lines of credit to U.S. firms so they can compete to land contracts as part of Petrobras' drilling operations."

"The $2 billion "preliminary commitment" by the Export-Import Bank to Petrobras is expected to grow, as the U.S. competes on behalf of American exporters of goods and services against those from China. Beijing has extended a commitment of $10 billion -- but the Brazilians are said to prefer U.S. management and technology."
 
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