Guess Who’s Back Backing Petrobras?

This is a rush transcript from “Glenn Beck,” May 18, 2011. This copy may not be in its final form and may be updated.

Glenn Beck

Do you remember way, way back when we showed you how George Soros was pumping money in Petrobras? That’s the Brazilian oil company. But, then, he announced, “I sold my spooky dude shares of Petrobras” and he was out.

So, it’s totally cool. Everybody can relax. There’s nothing to see here, people.

When President Obama indicated that he was helping Petrobras secure loans. Then he approved a permit for the — for the Brazilian oil company so they could — they could source some of the oil in the Gulf of Mexico, which we can’t do, while at the same time, stopping American companies from doing that very thing with a moratorium that has destroyed at least 19,000 jobs. Remember all that?

Then, do you remember when President Obama went to Brazil while we started bombing Libya? He was like I got to go — I got to go kick a soccer ball in Brazil. Remember that?

That’s when the president congratulated the country on its recent oil discoveries, saying that we want to be Brazil’s best customer. And I’m thinking, no, we don’t. We want to sell to Brazil, not buy from Brazil.

But remember, Soros was D-O-N-E, done, I’m done with Petrobras. Remember? Petro-who? I don’t even know it does.

Here’s the latest headlines from Forbes — “Soros builds on Petrobras holdings in the first quarter.”

So, wait a minute, he sold it when we exposed it. The president did it and he bought back in. Well, I thought he was all done with that. Huh!

Now, he only owns 1.1 million share of the company…

You can read the rest of the transcript and watch the video of Beck at

Related:  Soros is spending $millions to drive news media further left, at Moonbattery.

Also, Obama administration grants $737 million for a 24/7 solar power plant.

The Obama administration on Thursday offered Santa Monica solar startup SolarReserve a $737 million loan guarantee to build a 110-megawatt solar thermal power plant in Nevada that can generate electricity 24 hours a day.

That’s the holy grail for intermittent sources of carbon-free energy such as solar and wind and the SolarReserve loan guarantee is a sign that the United States Department of Energy is willing to gamble on a technology untested on a commercial scale.

SolarReserve literally was founded by rocket scientists from United Technologies’ Rocketdyne division in 2007 and licenses its molten salt technology…

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