Drill there,Drill Now

[DogtorEvil]

Obama Underwrites Offshore Drilling
Too bad it's not in U.S. waters.

http://online.wsj.com/article/SB1000...120524166.html

You read that headline correctly. Unfortunately, the Obama Administration is financing oil exploration off Brazil.

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.

[DogtorEvil]

George Soros Cut Petrobras Stake in Second Quarter

http://www.bloomberg.com/apps/news?p...d=a.V5sgGzdsQY

Aug. 14 (Bloomberg) -- Billionaire George Soros cut his stake in his biggest holding, Petroleo Brasileiro SA, in the second quarter while buying more shares of other energy producers.

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.

Soros is taking advantage of the spread between the two types of U.S.-listed Petrobras shares, said Luis Maizel, president of LM Capital Group LLC, which manages about $4 billion. The common shares were 21 percent more expensive than preferred today, according to data compiled by Bloomberg.

[hoppinmad]

Just think of all the crap we haven't heard about or that is still in the works.

[dawg80]

Just think of all the crap we haven't heard about or that is still in the works.

I can't wait to learn more! How 'bout you?

Makes you feel all tingly inside in anticipation.