Well, President Obama has made good on his promise to open oil exploration and drilling.
Off the coast of Brazil, not the US!
That's right! Obama is loaning money to Brazil to open oil fields.
Hat tip: Allen K.
Obama's investment may be paltry to the money China is throwing into Brazil though.
China may end up with a much more favorable position when it comes to getting the oil our tax money is helping to pump:
But wait! Brazil has already started in that direction and has also been working on making sure Petrobras (its nationalized oil company) is in total control.
And guess which patriotic America-Loving Billionaire owns a lot of Petrobras stock?
George Soros.
Update: The question of how stock is available from a state controlled oil company came up. State "owned" and state "controlled" are not the same thing. You can purchase stock in Petrobras.
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