Libya Kicks Out Western Oil... Just As George Soros Planned?

Thursday, March 17, 2011

UPDATE: Obama departed to Brazil where he personally strengthens Soros' oil interests there.

Out with Western oil, in with Russian and Chinese oil. Is it just coincidence that George Soros sold his Western oil stock and bought stock in Russia and Chinese oil companies, about three months ago?

Starting in 2009, George Soros invested heavily in Western oil companies in Libya. His investments brought enormous returns, and then at the end of 2010 he mysteriously sold them, and bought stock in Russian and Venezuelan oil.

Each Western company saw stock prices skyrocket over the last six months: Suncore Energy up 46%, Petroleo Brasileiro SA Petrobras up 15%, Occidental Petroleum up 36%, Marathon Oil Corp. up 61%, Conoco Phillips up 42%, Halliburton up 67%, Hess Corp up 57%.

Soros somehow knew to reduce Suncore stocks on New Years eve. Soros dumped almost all his holdings. Likewise, Soros dumped almost all of Halliburton on New Years eve. Same for Hess. Soros dumped almost all of Occidental at the end of September, along with most of Conoco Phillips. He dumped much of Marathon in June. Soros actually increased PBR but that might have more to do with its huge oil bock buy in Africa. Each company began to tumble over these last few days because of the bloody revolution in Libya.

Soros switched much of that over to Russia and Venezuela oil giant Harvest National Resources, which skyrocketed right after his initial September 2010 buy.

Last March, Soros invested in airport screeners. How did he know to do that? Insider info! But how did he know what would go down across the Middle East?

Soros was behind the Egyptian uprising. But it is crucial for him that Gaddafi must stay in power! Otherwise his Russian investments might lose out. That explains why Obama dittered on something as simple as a no-fly zone for 31 days!


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