The U.S. is going to lend billions of dollars to Brazil’s state-owned oil company, Petrobras, to finance exploration of the huge offshore discovery in Brazil’s Tupi oil field in the Santos Basin near Rio de Janeiro. Brazil’s planning minister confirmed that White House National Security Adviser James Jones met this month with Brazilian officials to talk about the loan.
Apparently, Barack Obama’s pal George Soros has invested heavily in Petrobas.
Doug Strait sent this:
I read a lot of news and remembered that a while back George Soros had invested in an Brazilian oil company. So, I searched for “Petrobras Soros” and found a couple articles.
Here is one that I found.
These are the top 5 holdings of George Soros
1.Petroleo Brasileiro S.A.Petrobras (PBR) – 9,818,323 shares, 15.42% of the total portfolio
2.Hess Corp. (HES) – 5,123,198 shares, 10.56% of the total portfolio
3.Petroleo Brasileiro S.A.Petrobras (PBR-A) – 5,884,700 shares, 7.53% of the total portfolio
4.Potash Corp. of Saskatchewan Inc. (POT) – 1,978,053 shares, 7.06% of the total portfolio
5.Plains Exploration & Production Company (PXP) – 6,526,400 shares, 6.84% of the total portfolio
Note that there are two Petrobas stock numbers (PBR and PBR-A, numbers 1
& 3 listed above).
This looks interesting to me considering the Soros-Obama connections.
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