tag:blogger.com,1999:blog-8959556.post1246777312483087558..comments2024-02-21T17:30:40.448-05:00Comments on An Objectivist Individualist: Soros, the Podesta Brothers, BP, Petrobras, NBC, and GECharles R. Anderson, Ph.D.http://www.blogger.com/profile/09610765984333672076noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-8959556.post-45933533937094059232010-07-08T17:41:46.255-05:002010-07-08T17:41:46.255-05:00Here's a recent article for you which backs up...Here's a recent article for you which backs up what you are saying. Yes, Obama has an agenda ..redistribution of America's wealth and moving it abroad.<br />The one oil stock that may be worth buying<br />By Paul R. La Monica, editor at large June 14, 2010 <br /><br />NEW YORK (CNNMoney.com) — Brazil is one of the favorites to win the World Cup. It may also be an investor favorite in the hard hit oil sector. <br /><br />While shares of BP continue to get crushed as the spill in the Gulf of Mexico gets worse by the day, Brazil’s Petrobras has stabilized in the past month. <br /><br />The oil giant, which is controlled by the Brazilian government, is even considering selling a big chunk of stock in order to raise money to finance more drilling off the Brazilian coast. <br /><br />Would that be offshore drilling? Would that be ‘deep water’ drilling, in which Petrobras leads the world? <br /><br />According to a report in the Financial Times Monday, Petrobras (PBR) is seeking to raise $25 billion through a stock offering later this summer. <br /><br />Apparently, the $811 million investment from Mr. Soros and the $10 billion (with a B) Mr. Obama has ‘lent’ Brazil is not enough to pay for Brazil’s ambitious offshore drilling plans. <br /><br />The fact that Petrobras is apparently ready to sell more stock at a time when the energy sector is in turmoil is clearly a sign of confidence. <br /><br />It sounds to us that, just like Mr. Obama, they believe in taking full advantage of every crisis. <br /><br />According to figures from Thomson Reuters, if Petrobras succeeds in selling $25 billion in stock, it would be the second largest equity offering ever, trailing only a $36.8 billion sale of stock by Japanese telecom NTT in 1987. <br /><br />And a sale of Petrobras stock in the coming months might still make sense and generate healthy demand. While most oil companies with deepwater drilling operations were hit hard immediately after the tragic explosion at the Deepwater Horizon rig on April 20, investors have appeared to be more discriminating in the past few weeks. <br /><br />"The initial reaction was this is bad for all deepwater oil companies," said David Pursell, managing director with Tudor, Pickering, Holt & Co., a Houston-based investment bank focusing on the energy industry. "Now, if you have Gulf of Mexico exposure, your stock is still hurting. But if you don’t investors realize that your company could benefit." <br /><br />As long as companies are prohibited from doing more exploratory drilling in the Gulf, that’s going to lead big oil firms to look elsewhere around the globe, Pursell said. <br /><br />Who is going to stop non-American companies from drilling in the Gulf? <br /><br />Brazil is a natural option given its ample resources, and Petrobras is pretty much the only game in town for an oil company looking for a domestic partner there. <br /><br />"Petrobras could be a winner because capital could be directed from the Gulf toward Brazil," Pursell said. "If the six-month moratorium in the Gulf becomes 12 months, Brazil could ultimately utilize mote drilling assets. And Petrobras is the preferred partner." …<br /><br />Not only is capital being directed away from the Gulf – at least any American operations – but the rigs and other equipment are going to migrate elsewhere — for years. So, by all means, invest in Brazil. <br /><br />Mr. Obama and his master Mr. Soros thank you.<br /><br />Related Articles:<br /><br />President Obama was the top recipient of BP campaign money during the 2008 presidential election. Obama collected $71,000, according to the nonpartisan Center for Responsive Politics. The Obama campaign should return all of its BP money.<br /><br /> Shutting down the Gulf will send most of these rigs to Brazil to be used by Petrobras and benefit George Soros and Obama. American $$$ are being used to invest in Brazilian oil and and delays in efforts to skim off the oil in the Gulf are letting our environment and the wildlife suffer and our food supply die, causing destruction to our way of life and businesses and industries all along the shores of America. This is redistribution of wealth is it not?Anonymousnoreply@blogger.com