The Wall Street Journal reported that National Security Advisor James Jones met in August with Brazilian officials and agreed that the U.S will "lend" $2 billion to Brazilian company Peterobras to finance exploration of a huge off-shore oil discovery near Rio De Janerio.

Let's connect the dots:

• The Democratic-controlled Congress has prohibited any drilling off the coast of the United States. (We have huge oil reserves off our own coasts that could solve most of our financial and oil-dependence problems, but we won't touch them out of "environmental" concerns.)
• Yet, the US is willing to give $2 billion to Brazil to drill? Why is it safe for the Brazilian company Petrobras to drill offshore, but not for American companies?

• Billionaire George Soros, who bankrolled Obama's presidential campaign, mysteriously bought an $811 million stake in Petrobras in the second quarter--making the Brazilian oil company his investment fund's largest holding--just before this announcement by the US government. Hmmmm..... Amazing coincidence. George Soros could make billions from this.

I call for a Congressional investigation into this sweetheart deal for the George Soros hedge fund to see if the Obama Administration gave preferential treatment to its biggest campaign donor.

I also call on congress either to (1) immediately release the ban on drilling off our shores or (2) not finance off-shore drilling in Brazil.
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