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.'
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Comment by Michael Rivero
Obama shuts down our oil and caps our production -- and now signs exec order for US loan of $2 billion for offshore drilling in Brazil in operation that will supply China exclusively
U.S. Export-Import Bank tells us it has issued a "preliminary commitment" letter
Obama executive order to underwrite offshore drilling to the tune of $2 billion ... in Brazil . (Have we seen that kind of money in the Gulf?)
President Obama is stopping off shore drilling for our country, yet he has now signed an executive order to loan 2 Billion of our taxpayers dollars underwriting 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 ! Now here's the real clincher...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"..
And that is how a slave president of a slave country works off the debt of its debt slavery. Yet this debt payment does not show up on the books -- it does not pay down our debt.
We have absolutely no gain from this transaction whatsoever!
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, who was one of President Obama's most generous financial supporter during his campaign.
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