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http://www.gulfnews.com/business/Oil_and...37597.html

Quote:
Soros hedge fund invests $811m to buy Petrobras stake
Bloomberg
Published: August 15, 2008, 23:58


London: Billionaire investor George Soros bought an $811 million stake in Petroleo Brasileiro (Petrobras) in the second quarter, making the Brazilian state-controlled oil company his investment fund's largest holding.

As of June 30, the stake in Petrobras, as the Rio de Janeiro-based oil producer is known, made up 22 per cent of the $3.68 billion of stocks and American depositary receipts held by Soros Fund Management, according to a filing with the US Securities and Exchange Commission. Petrobras has since slumped 28 per cent



George Soros, backing all the far-left groups that run the DNC and are scorched earth on Drilling for Oil in the USA.....invest heavily in State Owned Brazillian Oil. Which the US not tapping its reserves will directly result in the value of their Oil increasing.

04-chairshot

Soros made big bucks betting against the US economy and the dollar.

I think he is doing the same thing now.

He is a huge Obama supporter.

Connect those dots.

I am restructuring my investments into the things Soros is. I'm calling it Obama-proofing my life.
Ignorance much?

The Brazos have discovered the largest oil field in the Americas in 100+ years. And state owned oil or not -- the Brazo economy is growing steadily.

It's a smart investment. Apparently it's not acceptable to use one's own money in a "free market" to invest in something that's not a democracy/republic. Hypocrisy much? Maybe you have completely drowned under the hypocrisy of the McCain "lmfao" quote on not invading other nations in the 21st century.
the fact that Soros is 100% with the Environazi's on Drilling in ANWR, Outer Continental Shelf, Colorado Shale Oil, and elsewhere just flying over your head?

We have more Shale Oil in Colorado than Saudi Arabia has light sweet crude. the Outer Continental Shelf is loaded with Oil and Natural Gas and all the estimates from these places are Old, on low end and most didn't use 4G technology so likely alot more out there.


by Soros/Dems stopping Domestic Oil production, it directly helps foreign competitors like Brazilian Oil make money. Soros obviously has no issue with drilling for Oil in Brazil, that combined with blocking US Oil production is directly increasing his bank account.

It also directly helps the $ to fall, thanks to the Trade deficit...something else Soros is heavily invested in.

much like Ralph Nader...."Do as I say, not as I do"
Back up your claim regarding quantities of shale in Colorado. The amount of shale oil they discovered in Brazil is ENORMOUS. But it's way down, and of course shale oil doesn't give you the similar bang for your buck. But I don't care who you are -- investing in the Brazilian state owned oil industry is a smart move. It is a quantity of oil far larger than any in the US. If you want to dispute that ... back it up.

georgia_tech_swagger Wrote:
Ignorance much?

The Brazos have discovered the largest oil field in the Americas in 100+ years. And state owned oil or not -- the Brazo economy is growing steadily.

It's a smart investment. Apparently it's not acceptable to use one's own money in a "free market" to invest in something that's not a democracy/republic. Hypocrisy much? Maybe you have completely drowned under the hypocrisy of the McCain "lmfao" quote on not invading other nations in the 21st century.



Actually, Petrobras is not truly "state owned oil"--not any more. The Brasilians realized that if their goal was energy independence, a state-run oil company was more a hindrance than a help. So they sold off a large part of it, and transferred management to the private sector. The government still has a significant equity stake (50% range, give or take), but it is run as a private enterprise.

Brasil is on my active list of places to live out my retirement--perhaps sooner rather than later if US politics continue in their present direction.

Owl 69/70/75 Wrote:
Brasil is on my active list of places to live out my retirement--perhaps sooner rather than later if US politics continue in their present direction.


Really? The Brazillian president was loosely associated with Lyndon LaRouche and I was afraid he would align himself with Chavez, but I think it's safe to say now that he won't be. Is that an improvement over McCain or Obama?

http://www.rand.org/pubs/monographs/2005/RAND_MG414.pdf

Quote:
Oil Shale Development in the United States
Prospects and Policy Issues

Oil-shale deposits in Colorado, Utah and Wyoming have technically recoverable reserves of 500 billion to 1.1 trillion barrels of oil. The estimate - 800 billion barrels - is three times the size of Saudi Arabia's reserves and enough to meet 25 percent of current U.S. oil demand for 400 years.


Shale alone...off limits by big brother. throw in OCS, ANWR, Dakota's and you have a Ton of Oil to tap. Which would create US jobs and bolster the dollar

GGniner Wrote:
http://www.rand.org/pubs/monographs/2005/RAND_MG414.pdf

Quote:
Oil Shale Development in the United States
Prospects and Policy Issues

Oil-shale deposits in Colorado, Utah and Wyoming have technically recoverable reserves of 500 billion to 1.1 trillion barrels of oil. The estimate - 800 billion barrels - is three times the size of Saudi Arabia's reserves and enough to meet 25 percent of current U.S. oil demand for 400 years.


Shale alone...off limits by big brother. throw in OCS, ANWR, Dakota's and you have a Ton of Oil to tap. Which would create US jobs and bolster the dollar


You can strip mine all of the oil shale in the Colorado, Utah, and Wyoming and you won't get a drop of gasoline. Not a drop. It's simply not possible to get gasoline from kerogen. Diesel and kerosene, yes. Oil shale is NOT crude oil.

perunapower Wrote:

GGniner Wrote:
http://www.rand.org/pubs/monographs/2005/RAND_MG414.pdf

Quote:
Oil Shale Development in the United States
Prospects and Policy Issues

Oil-shale deposits in Colorado, Utah and Wyoming have technically recoverable reserves of 500 billion to 1.1 trillion barrels of oil. The estimate - 800 billion barrels - is three times the size of Saudi Arabia's reserves and enough to meet 25 percent of current U.S. oil demand for 400 years.


Shale alone...off limits by big brother. throw in OCS, ANWR, Dakota's and you have a Ton of Oil to tap. Which would create US jobs and bolster the dollar


You can strip mine all of the oil shale in the Colorado, Utah, and Wyoming and you won't get a drop of gasoline. Not a drop. It's simply not possible to get gasoline from kerogen. Diesel and kerosene, yes. Oil shale is NOT crude oil.


So we
(1) use more diesel (Europe is projected to be 68% diesel by 2010), and
(2) replace more gasoline with ethanol.

This is not that difficult. Really, it isn't.

Owl 69/70/75 Wrote:
So we
(1) use more diesel (Europe is projected to be 68% diesel by 2010), and
(2) replace more gasoline with ethanol.

This is not that difficult. Really, it isn't.


Not debating its usefulness, just making sure GGniner knows what oil shale is all about. Some "drill here, drill now" advocates seem to neglect key facts or knowledge about that kind of stuff when labeling the government and environmental advocates as the enemy.

I'm all for introducing clean diesel cars onto the road. Perhaps companies like Ford, GM, VW, Mercedes, and BMW can start selling their European diesel models in America. Too bad most Americans still have the idea that diesel is dirty and hard to find and don't realize the increase in fuel economy.

perunapower Wrote:

Owl 69/70/75 Wrote:
So we
(1) use more diesel (Europe is projected to be 68% diesel by 2010), and
(2) replace more gasoline with ethanol.

This is not that difficult. Really, it isn't.


Not debating its usefulness, just making sure GGniner knows what oil shale is all about. Some "drill here, drill now" advocates seem to neglect key facts or knowledge about that kind of stuff when labeling the government and environmental advocates as the enemy.

I'm all for introducing clean diesel cars onto the road. Perhaps companies like Ford, GM, VW, Mercedes, and BMW can start selling their European diesel models in America. Too bad most Americans still have the idea that diesel is dirty and hard to find and don't realize the increase in fuel economy.


It is dirty. The diesel they sell over there is of higher quality and higher purity. BMW doesn't sell their diesels here because of that very reason.

georgia_tech_swagger Wrote:
It is dirty. The diesel they sell over there is of higher quality and higher purity. BMW doesn't sell their diesels here because of that very reason.


http://www.bmw.com/com/en/insights/explo...ornia.html

Click on the video on the bottom right and watch.

I'll have to dig up the episode of Top Gear where they discuss this.

perunapower Wrote:
http://www.bmw.com/com/en/insights/explo...ornia.html

Click on the video on the bottom right and watch.


Corporate shill.

I45owl Wrote:

perunapower Wrote:
http://www.bmw.com/com/en/insights/explo...ornia.html

Click on the video on the bottom right and watch.


Corporate shill.


That really wasn't the point. My point was they are bringing BMW diesels to America (which GTS said wasn't going to happen) and they are going to be able to be sold in 50 states (by meeting the Tier II, Bin 5 pollution standards of California, Vermont, Maine, New York, and Massachusetts, which is considered by some to be the world's strictest.)

Here's another story.

http://blogs.automobilemag.com/1009772/f...index.html

perunapower Wrote:
That really wasn't the point. My point was they are bringing BMW diesels to America (which GTS said wasn't going to happen) and they are going to be able to be sold in 50 states (by meeting the Tier II, Bin 5 pollution standards of California, Vermont, Maine, New York, and Massachusetts, which is considered by some to be the world's strictest.)

Here's another story.

http://blogs.automobilemag.com/1009772/f...index.html


Yeah, just kidding. What I wish I'd seen more about is a technology announced at MIT a couple of years ago. It basically used a supercharged conventional gasoline engine with Methanol as a catalyst to obtain hybrid-like fuel efficiency gains.

I45owl Wrote:
Yeah, just kidding. What I wish I'd seen more about is a technology announced at MIT a couple of years ago. It basically used a supercharged conventional gasoline engine with Methanol as a catalyst to obtain hybrid-like fuel efficiency gains.


That's pretty interesting, I hope that gets introduced into the market soon.

perunapower Wrote:


By the way, thanks for the link. I can see the wheels turning on Madison Avenue now... Sign up the Blue Man Group as VW spokesmen and picture a urinal on wheels...

Quote:
Larger diesel cars, like the Passat, won't use the NOx reservoir. Instead, they will use Selective Catalytic Reduction (SCR) to lower emissions. The SCR system uses a catalytic converter that uses a fluid to convert the oxides of nitrogen into nitrogen and water. The problem with these systems is that the fluid will have to be refilled periodically. Volkswagen plans to incorporate a tank large enough to last through two service intervals.

The members of the BlueTec consortium (VW, Audi, and Daimlerchrysler) cleverly call the fluid AdBlue to detract from the fact that it consists of 32.5% urea. Yeah, urine. AdBlue is, however, non-toxic, odorless, and completely biodegradeable, so this won't be the case of replacing diesel smells with NY subway smells.


Surely a little creative engineering would find a solution to refilling the reservoir on long trips.

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