Monday, December 07, 2009

Thievery: Shadow Party Edition

The Washington Post reports:


Everything about the shipyard here is colossal -- the 4,000-man workforce, the billions sunk into it in capital costs, the half-finished 10-story-high production platforms.

But then, so is the challenge facing Brazil's state-controlled energy company, Petrobras: developing a group of newly discovered deep-sea oil fields

Among investors bullish on Petrobras is George Soros, who last year made the oil company the largest single holding in his investment fund, according to Bloomberg.


That's right: the Godfather of the Democratic Party, who exerts his enormous political influence to prevent American oil companies from developing our own petroleum resources in the Gulf of Mexico and elsewhere

If Exxon Mobil can't compete in the Caribbean with Petrobras, the value of Soros's Petrobras investment will skyrocket. That's the sort of thievery that lies behind the Democratic Party's deliberate hobbling of the American economy.