George Soros Profits From Oil Spill

Say it ain’t so.

Hat tip to Tammy Bruce.

Perhaps this is why drilling in Alaska is off the table–it would actually keep America safe and strong and won’t make Obama Boss George Soros even richer than he is now.

……Now we learn Soros is set to be one of the biggest beneficiaries of the Gulf oil catastrophe. With Obama’s ‘moratorium’ and the Obama Admin’s general hostility to drilling, it’s reported many oil companies have already looked into with Brazil regarding a move those shores. And what is Soros principally invested in right now? Petrobras, the Brazilian state oil company.

Obama’s Boss Sees Silver Lining in BP Spill

“Reuters is reporting that Brazil stands to benefit from the BP oil spill catastrophe as the US moratorium makes more rigs available for other countries.

Even as an ecological catastrophe makes the future of U.S. offshore drilling less certain, Brazil is plowing ahead with a $220 billion five-year plan to tap oil fields even deeper than BP’s ill-fated Gulf well, which is still leaking crude.

It’s estimated that thirty five rigs are now sitting idle in the Gulf of Mexico. Brazil is already getting inquiries from companies wanting to move their rigs there. Brazil’s state oil company, Petrobras already produces about a fourth of the world’s deep water oil…

The shortage of rigs could help Brazil become a major oil exporter.

What an amazing stroke of good fortune for Obama’s boss, unrepentant Nazi collaborator, George Soros! Soros is also invested in offshore oil drilling in Brazil, assisted by the American taxpayers.

Soros Fund Management, LLC holds a stake in Petrobras of approximately $900 million as of December 31, 2009.

George Soros’ principal investments are in oil; one in particular is Petrobras, the Brazilian-owned company. This happens to be the largest investment in the Soros portfolio at the present time.

Soros also owns quite a lot of real estate in Brazil. Soros’ Adecoagro, which invests in renewable energy, owns or leases about 840,000 acres of farmland in Argentina, Brazil and Uruguay growing coffee, soybeans and other commodities. Royal Dutch Shell Plc and Bunge Ltd. Are also expanding into ethanol in Brazil.”
More at: http://tammybruce.com/2010/06/obama-boss-george-soros-ready-to-profit-from-oil-disaster.html

Last year, Soros bragged about his exploitation of America’s economic woes:

George Soros, who predicted the global financial crisis twice before, was one of the few people to anticipate and prepare for the current economic collapse…

And while the financial crisis continued to deepen across the globe, the 78-year-old still managed to make $1.1 billion last year.

‘It is, in a way, the culminating point of my life’s work,’ he told national newspaper The Australian.
http://hotair.com/archives/2009/03/25/george-soros-im-having-a-very-good-crisis/

Soros has a habit of “never letting a good crisis go to waste”.  This is the same assclown who speculated the Bank of England into financial catastrophe.

On Black Wednesday (September 16, 1992), Soros’s fund sold short more than $10 billion worth of pounds sterling, profiting from the Bank of England’s reluctance to either raise its interest rates to levels comparable to those of other European Exchange Rate Mechanism countries or to float its currency.

Finally, the Bank of England withdrew the currency from the European Exchange Rate Mechanism, devaluing the pound sterling, and Soros earned an estimated US$ 1.1 billion in the process. He was dubbed “the man who broke the Bank of England.” In 1997, the UK Treasury estimated the cost of Black Wednesday at £3.4 billion.

The Times of Monday, October 26, 1992, quoted Soros as saying: “Our total position by Black Wednesday had to be worth almost $10 billion. We planned to sell more than that. In fact, when Norman Lamont said just before the devaluation that he would borrow nearly $15 billion to defend sterling, we were amused because that was about how much we wanted to sell.”

Stanley Druckenmiller, who traded under Soros, originally saw the weakness in the pound. “Soros’ contribution was pushing him to take a gigantic position.”

In 1997, during the Asian financial crisis, then Malaysian Prime Minister Mahathir bin Mohamad accused Soros of using the wealth under his control to punish ASEAN for welcoming Myanmar as a member. Soros has denied Mahathir’s accusations. The nominal US dollar GDP of ASEAN fell by US$9.2 billion in 1997 and $218.2 billion (31.7%) in 1998.
http://en.wikipedia.org/wiki/Soros#Currency_speculation

An interesting item brought up by one of the commenters on Tammy’s site:

Obama just loaned brazil 2 Billion dollars last August for drilling..

Links to that story at the WSJ 18 August, 2009:
Obama Underwrites Offshore Drilling
http://online.wsj.com/article/SB10001424052970203863204574346610120524166.html

A background on Soros:

In 1979 Soros established the Open Society Institute (OSI), which serves as the flagship of a network of Soros foundations that donate tens of millions of dollars each year to a wide array of individuals and organizations that share the founder’s agendas. Those agendas can be summarized as follows:

promoting the view that America is institutionally an oppressive nation

promoting the election of leftist political candidates throughout the United States

opposing virtually all post-9/11 national security measures enacted by U.S. government, particularly the Patriot Act

depicting American military actions as unjust, unwarranted, and immoral

promoting open borders, mass immigration, and a watering down of current immigration laws

promoting a dramatic expansion of social welfare programs funded by ever-escalating taxes

promoting social welfare benefits and amnesty for illegal aliens

defending the civil rights and liberties of suspected anti-American terrorists and their abetters

financing the recruitment and training of future activist leaders of the political Left

advocating America’s unilateral disarmament and/or a steep reduction in its military spending

opposing the death penalty in all circumstances

promoting socialized medicine in the United States

promoting the tenets of radical environmentalism, whose ultimate goal, as writer Michael Berliner has explained, is “not clean air and clean water, [but] rather … the demolition of technological/industrial civilization”

bringing American foreign policy under the control of the United Nations

promoting racial and ethnic preferences in academia and the business world alike
http://www.discoverthenetworks.org/individualProfile.asp?indid=977

He’s also connected to the Tides Foundation:

The Tides Center’s Board Chairman is Wade Rathke, who is also a member of the Tides Foundation Board. Rathke, a protege of the late George A. Wiley, serves as President of the New Orleans-based Local 100 of the Service Employees International Union, and is the founder and chief organizer of the Association of Community Organizations for Reform Now (ACORN).

……The Tides Foundation promotes a multitude of leftist agendas, as evidenced by its assertion: “We strengthen community-based organizations and the progressive movement by providing an innovative and cost-effective framework for your philanthropy.” Among the crusades to which Tides contributes are: radical environmentalism; the “exclusion of humans from public and private wildlands”; the anti-war movement; anti-free trade campaigns; the banning of firearms ownership; abolition of the death penalty; access to government-funded abortion-on-demand; and radical gay, lesbian, bisexual, and transgender advocacy. The Foundation is also a member organization of the International Human Rights Funders Group, a network of more than six-dozen grantmakers dedicated to finaning leftwing groups and causes.

Immediately after the September 11, 2001 terrorist attacks, Tides formed a “9/11 Fund” to advocate a “peaceful national response.” Tides later replaced the 9/11 Fund with the “Democratic Justice Fund,” which was financed in large measure by the Open Society Institute of George Soros, who has donated more than $7 million to Tides over the years. Reciprocally, the Tides Foundation is a major funder of the Shadow Party, a George Soros-conceived nationwide network of several dozen unions, non-profit activist groups, and think tanks whose agendas are ideologically to the left, and which are engaged in campaigning for the Democrats.
http://www.discoverthenetworks.org/funderProfile.asp?fndid=5184

While there’s wailing and gnashing of teeth by eco-nuts and leftwing moonbats determined to put U.S. oil production out of business, other countries on every major continent, continue to drill.
http://www.offshore-mag.com/index/regional-reports.html

You’ll note that one of the major agendas of any organization involving Soros is the abolition of free trade; the same free trade he manipulates to engage in unethical financial activity and radical extremism.  Gee, where would George be were it not for the very capitalism he hates?