What A Coincidence!
July 7, 2010Posted by on
Remember back in June how the Obama administration tried to doctor the recommendations from experts to make it look like they recommended the Drilling Moratorium that Obama wanted in the Gulf? Remember how a Judge struck it down back on June 22nd because of that? Now remember how everyone assumed that the reason that Obama and his administration did that was to placate the the Eco Loonies in the Democrat Party? Remember how before the ruling was struck down the media was reporting (at least Fox was) how the rigs that were already operating in the Gulf would be shut down and the oil companies would move those rigs somewhere else? Well what if the reason that Obama wanted to have the moratorium wasn’t to placate the eco-loonies, what if it was for something much easier to understand: Payback to a wealthy democrat donor (you know basic Chicago style politics)?
Well lets take a look at some astounding “coincidences” that surround the timing of the moratorium and some purchases of stock by a wealthy individual that just so happens to fund an “adviser” to President Obama.
First we need to go back to May 28, 2010. You see that was the date that the Moratorium was announced by the Interior department as seen in the court documents filed in the suit against it:
Now lets take a look at who advises the President:
John D. Podesta President and Chief Executive of the Center for American Progress as shown by that far right news organization the Washington Post:
Now who funds and gives Mr. Podesta his marching orders? Well according to SourceWatch.Org one of those people is one George Soros:
The Center for American Progress is classified as a 501(c)(3) organization under U.S. Internal Revenue Code. The institute receives approximately $25 million per year in funding from a variety of sources, including individuals, foundations, and corporations. From 2003 to 2007, the center received about $15 million in grants from 58 foundations. Major individual donors include George Soros, Peter Lewis, Steve Bing, and Herbert M. Sandler. The Center receives undisclosed sums from corporate donors.
Center for American Progress is funded in part by individuals who are members of the Democracy Alliance. In 2006, the Center for American Progress was given a three-year, $3,000,000 grant by George Soros’ Open Society Institute to be used for “general support”. 
Now that second paragraph in the quote is interesting. You see not only is Soros funneling money to this group through his Open Society Institute but also through the Democracy Alliance which he, George Soros, help found and is a member of:
A year after its founding, Democracy Alliance has followed up on its pledge to become a major power in the liberal movement. It has lavished millions on groups that have been willing to submit to its extensive screening process and its demands for secrecy.
These include the Center for American Progress, a think tank with an unabashed partisan edge, as well as Media Matters for America, which tracks what it sees as conservative bias in the news media. Several alliance donors are negotiating a major investment in Air America, a liberal talk-radio network.
Democracy Alliance was formed last year with major backing from billionaires such as financier George Soros and Colorado software entrepreneur Tim Gill.
Now why is that important? Simple. George Soros owns and manages a hedge fund and if you go and look you will see that Mr. Soros is heavily invested into Oil Companies such as Petrobras of Brazil. Matter of fact that is the #2 holding in his hedge fund. Matter of fact less then 2 weeks after the Ban was announced Mr. Soros’ Hedge Fund went and purchased even more Petrobras stock on June 9th
NovaGold Resources (NG): Increased position size by 435.8% ~ we previously detailed this
DirecTV (DTV): Increased by 27.3%
Suncor Energy (SU): Increased by 22.4%
Cadence Design System (CDNS) Notes: Increased by 20%
Lawson Software (LWSN) Notes: Increased by 19.6%
Petroleo Brasileiro (PBR): Increased by 17.7%
Verizon (VZ): Increased by 16.7%
Now ain’t that interesting one of the main advisers to the President just so happens to be majorly funded by George Soros and one of the consequences from the Administrations stance would be that Petrobras would be able to snap up some rigs on the cheap and make George a pile of money. But George wasn’t content on the amount of stock he had, he went and bought more. Notice also that Mr. Soros also increased his stake in the Canadian Oil Sands company Suncor at the same time. Notice that if you click that last link you get a more detailed list that shows what Mr. Soros not only increased his interest in but what is new, what he decreased in and what he dumped completely. Now in the dumped completely list is a company called Energy XXI. This company is an oil/gas exploration company that is listed as:
Since the company’s IPO in October 2005, Energy XXI has implemented an “acquire and exploit” growth strategy to build a geographically focused portfolio with some of the highest per-unit margins in the industry. The company has focused on developing the acquired properties while ramping up a complementary exploration program in the ultra-deep shelf where its first two attempts led to major successes at Davy Jones and Blackbeard. Energy XXI has completed four major acquisitions totaling approximately $1.4 billion, creating a company with more than 76 million barrels of oil equivalent (BOE) of proved reserves and about 28,000 BOE per day of production, 64% of which is oil. The company’s core properties are located on- and offshore Louisiana.
Obama’s ban would put them out of business. Now lets move on to the decrease list and you will notice there an Oil company called Hess. The reason he didn’t drop it completely is that Hess has world wide operations but it has 100% interest in one deepwater well in the Gulf and it has a 20% interest along with Chevron (30%) and BP (50% and operates it) in another deepwater well, which will be hurt by the Obama plan.
Now notice that Mr. Soros is buying more stock in FOREIGN oil companies that have no ties to domestic US oil production, while at the same time he is dumping the stock in oil companies that do. Now why would he do that if Obama really meant he was going to break America’s dependence on “dirty oil” especially foreign oil. Simple really: Obama and George Soros know that sustainable, reliable and abundant “green” energy is a myth the US will be using oil for decades to come. Also they know that Obama most definitely will not reduce the US dependence on foreign oil with this drilling ban, matter of fact he will increase the dependence and Obama’s benefactor Mr. Soros will be there to make a nice chunk of change.