Originally Posted by
satchip
Yes it has but not by whom you think. The enviro lobby and now our government artificially keeps the price of oil high so as to justify their throwing money down the rat hole of "green energy". The free nations of the world with proven oil reserves are being stymied and hamstrung from bringing that oil to market. The less than free countries of the world are under no such restraints.
Which bring us to Brazil. A "free" country is developing a huge oil reserve off shore. Funded and subsidized by the US Taxpayer. Did you know that George Soros has a huge investment in Petrobras? Things that make you go hmmmm.
U.S. Loan to Brazilian Oil Company Riles Conservatives in Favor of Offshore Drilling - FoxNews.com
The message claims that George Soros would "benefit most" from the loan, but that is also a baseless accusation. Soros is a favorite whipping boy of conservatives because of his early financial help to the liberal group MoveOn.org. And he is indeed a major investor in Petrobras, through his New York-based hedge-fund firm, Soros Fund Management LLC. But the hedge fund recently
sold 22 million shares of common stock in the company (which carry voting rights) while buying 5.8 million shares of preferred stock (which is non-voting.) As reported by Bloomberg News,
Soros reduced his stake in the company before any of the Ex-Im Bank’s promised loan has been dispensed