Tilted Forum Project Discussion Community - View Single Post - State of the Union Speech Didn't Include This

dippin · 01-28-2010, 02:52 PM

There are several things wrong with that initial description, including several things that are not mentioned in the WSJ article itself.

- The Brazilian state is the biggest stock holder in Petrobras, with 50.01% of shares. PETROS, the company's pension fund, is the second largest stock holder. And it's not Soros who owns stocks, but his hedge fund firm. In that sense it is not unlike other hedge funds. On top of that, read this. So this is nothing more than a made up fantasy of the whole "new world order" conspiracy theorists.

- Not all offshore drilling is the same. The biggest thing that the WSJ and the blurb at the start don't mention is that the US already has several offshore drilling platforms. In fact, the US has more offshore platforms in the gulf of Mexico than Brazil has in all its coastline. What Obama has not supported is offshore drilling in the outer continental shelf. The Brazilian state, just like the American state, has restrictions on where companies can and cannot drill.

- It's a loan, not a gift.

01-28-2010, 02:52 PM	#8 (permalink)
dippin Crazy, indeed Location: the ether	There are several things wrong with that initial description, including several things that are not mentioned in the WSJ article itself. - The Brazilian state is the biggest stock holder in Petrobras, with 50.01% of shares. PETROS, the company's pension fund, is the second largest stock holder. And it's not Soros who owns stocks, but his hedge fund firm. In that sense it is not unlike other hedge funds. On top of that, read this. So this is nothing more than a made up fantasy of the whole "new world order" conspiracy theorists. - Not all offshore drilling is the same. The biggest thing that the WSJ and the blurb at the start don't mention is that the US already has several offshore drilling platforms. In fact, the US has more offshore platforms in the gulf of Mexico than Brazil has in all its coastline. What Obama has not supported is offshore drilling in the outer continental shelf. The Brazilian state, just like the American state, has restrictions on where companies can and cannot drill. - It's a loan, not a gift. Last edited by dippin; 01-28-2010 at 02:54 PM..