Daily Archives: April 23, 2011
Considering everything, I cannot say this is a totally bad move since it is a loan and many of the support jobs for equipment etc., we are told, are here in the US. The problem I have is the hypocrisy of the Obama administration in supporting Brazil’s and now Colombia’s oil field and refinery development, while demonizing the American oil industry and failing to promote and support development here at home. I guess it is most likely not hypocrisy, but a calculated move to enrich one of Obama’s major donors, George Soros.
If we are going to risk billions to develop foreign sources of this evil energy, why don’t we risk a few dollars here at home? Or better yet, get our government out of the way and let private enterprise take over. We could become energy self sufficient within ten years and take away all those dollars from our Arab and Venezuelan “friends”.
Excerpt: The U.S. Export-Import Bank, an independent agency of the federal government, is now planning a $2.84-billion loan for a massive project to expand and upgrade an oil refinery–in Cartagena, Colombia.
The money would go to Reficar, a wholly owned subsidiary of Ecopetrol, the Colombian national oil company.
“This is part of a $5.18 billion refinery and upgrade project in Cartagena, Colombia supplying petroleum products to the domestic and export markets,” the Export-Import Bank said in a statement.
The U.S. government-controlled bank says the $2.84-billion in financing it plans to undertake will be the second largest project it has ever done. The largest was $3 billion in financing for a liquid natural gas project in Papua New Guinea.
The statement released by the bank said that on April 7 the bank’s presidentially-appointed board of directors had “voted to grant preliminary approval for a $2.84 billion direct loan/loan guarantee” for the Colombian refinery project.
Posted on April 20, 2011 by Mark Schumacher
The U.S Export-Import Bank has been giving money to George Soros indirectly for years now, mainly making sure to loan billions to companies that this “New World Order” nut case has major holdings in. This independent agency or “Bank” is planning to loan Reficar $2.84 Billion for an oil refinery in Cartagena, Columbia.
Reficar is a subsidiary of Ecopetrol, a Colombian nationally owned company. George Soros has a major stake in this effort standing to make billions. Again, we see favors from an administration kowtowing to a traitor for big money contributions. It seems to never end.
Barry Soetoro AKA Barack Obama will always show favor to his billionaire buddies while expecting that return campaign donation for a re-election. It amazes me how diabolical these people are. Hopefully the good people of America will turn the tide on this corruption
Congress will not veto this insanity, giving our illustrious leader free rein to further destroy our economy.
George Soros, or more commonly known as the “Man Who Broke the Bank in England”, has the U.S Export-Import Bank wrapped around his little finger. A representative of Congress was asked if this insanity could be vetoed and the answer was “no”. How convenient.
Recently, we just gave $2 billion to Brazil’s oil giant Petrobraus; another corporation Soros has on his impressive “New World Order” hedge fund portfolio. Petrobraus is currently drilling off of our own shores as we speak. The oil they are drilling isn’t going straight to the Americans directly for oil price relief either. It’s going straight into the world supply for speculators to make sure we get the shaft. After all, it’s a Brazilian operation.
Earlier this year, this same U.S Export-Import Bank loaned an addition $880 million to the same corporation in Colombia bringing the grand total of loans to $3.72 billion. Why? Well the pathetic excuse is going to knock you flat on your back, “American jobs”. They are trying to tell us that this will magically create 15,000 jobs eventually here in America. How?
Is Barry Soetoro AKA Barack Obama going to try to tell us that all of the equipment needed to run this Colombian operation is going to be purchased here in America and sent there to run the facility? How will that create 15,000 jobs?
95% of the fuel America burns is actually refined here in the states. This refinery in Colombia will have no direct effect on our capability at all. Meaning that the price at our pumps will not be directly affected. This is mainly another money making opportunity to the billionaire George Soros, by a corrupt administration looking for campaign donations, period. They possibly might send us refined oil but it won’t affect our price at the pump. Why you ask? Because we didn’t refine it, Colombia did. Then it has to be shipped all the way here adding huge costs and profits for Colombia, not America.
If Barry Soetoro AKA Barack Obama wants us to believe that giving Colombia $3.72 billion is going to create 15,000 jobs here America, then let’s just go ahead and call George Soros his real Kenyan biological father. This crazy waste of money is doing nothing to help the situation here in America. Why we are not using this money to build more capability here goes to treason. Where the hell is this money coming from anyway, straight off the printing press over at the Federal Reserve? Is Tim Geithner doubling as a printing press operator, pouring hundreds of gallons of ink into the massive Colombian made printing presses? Inflation has become so bad now that even buying fuel or owning a car, has become a luxury only the rich can afford. All of this Fiat money is starting to hit home now, and it’s getting ugly. Oil is so heavily taxed and inflation has affected the price so bad, that a car is becoming a luxury for the rich only.
More American treasure gone. Thank you Washington, you treasonous bunch of fools!
April 23, 2011 – 12:34am
Does it really make sense to descend into mediocrity by embracing the idealism of environmental altruism?
I too believe we should seek and develop energy sources that don’t propagate malignant parasites that eat away at the host.
We are technologically tied to fossil fuels. We pay billions of taxpayer dollars to Petrobras – in Brazil – to drill in the same Gulf of Mexico waters while the federal government is disallowing American companies to explore for that fuel.
That seems to be irresponsible at best; at worst it is economic malfeasance.
And economist Ed Yardeni said: “because the U.S. provides more than half of global corn exports and 40 percent soybean exports … our ethanol policy is exacerbating the global food fight.”
We must wake up to the realization that the sophistry being spread by some benevolent environmentalist politicians may indeed be nefarious subterfuge in an attempt to undermine our very way of life.
Allow exploration and refining while seeking “viable” energy sources.