Well, this is rich. And by rich, I do not just mean the portfolio of that currency-crashing, drug-running, illegal-campaign-financier and wanted criminal, George Soros.

It now appears that the Dem’s Darth Vader Moneybags has been investing heavily in energy stocks. In particular, oil stocks. And your tax money is helping to finance and prop up those investments.

From the Wall Street Journal:

Obama Underwrites Offshore Drilling

You read that headline correctly. Unfortunately, the Obama Administration is financing oil exploration off Brazil.

The U.S. is going to lend billions of dollars to Brazil’s state-owned oil company, Petrobras, to finance exploration of the huge offshore discovery in Brazil’s Tupi oil field in the Santos Basin near Rio de Janeiro. Brazil’s planning minister confirmed that White House National Security Adviser James Jones met this month with Brazilian officials to talk about the loan.

The U.S. Export-Import Bank tells us it has issued a “preliminary commitment” letter to Petrobras in the amount of $2 billion and has discussed with Brazil the possibility of increasing that amount. Ex-Im Bank says it has not decided whether the money will come in the form of a direct loan or loan guarantees. Either way, this corporate foreign aid may strike some readers as odd, given that the U.S. Treasury seems desperate for cash and Petrobras is one of the largest corporations in the Americas.

But look on the bright side. If President Obama has embraced offshore drilling in Brazil, why not in the old U.S.A.? The land of the sorta free and the home of the heavily indebted has enormous offshore oil deposits, and last year ahead of the November elections, with gasoline at $4 a gallon, Congress let a ban on offshore drilling expire.

From Guru Focus:

George Soros must be very bullish on stocks, he bought a lot, espeically oil. He was already heavily invested in energy stocks, and he bought more. Petroleo Brasileiro alone is accounted for more than 22% of his fund. Soros Fund Management LLC. George Soros owns 211 stocks with a total value of $2.6 billion as of 06/30/2009. These are the details of the buys and sells.

…snip…

These are the top 5 holdings of George Soros

1. Petroleo Brasileiro S.A.Petrobras (PBR) – 9,818,323 shares, 15.42% of the total portfolio
2. Hess Corp. (HES) – 5,123,198 shares, 10.56% of the total portfolio
3. Petroleo Brasileiro S.A.Petrobras (PBR-A) – 5,884,700 shares, 7.53% of the total portfolio
4. Potash Corp. of Saskatchewan Inc. (POT) – 1,978,053 shares, 7.06% of the total portfolio
5. Plains Exploration & Production Company (PXP) – 6,526,400 shares, 6.84% of the total portfolio

Meanwhile, the administration continues to support and accelerate the long-term Enviromarxist Stalinist Famine Policy to starve this country of tapping into its vast oil, coal, natural gas and shale coal reserves. But don’t worry, when that brownout happens in the middle of August when it is 99 degrees out and you have no AC, you can feel tingly all over knowing that money that could have gone into buying a new car or have been put in your kid’s college fund is instead going into George Soros’ pocket, so he can fund more ACORN, MoveOn.org and Daily Kos type of projects.