Yes, it’s true.

Barack Obama has chipped in $2 billion in loans to exploit offshore oil resources in hopes of extracting a major new source of petroleum…in South America.

And yes, it’s true.

There is a Soros link.

Ed Morrissey has a round-up and notes:

Is it a coincidence that Obama backer George Soros repositioned himself in Petrobras to get dividends just a few days before Obama committed $2 billion in loans and guarantees for Petrobras’ offshore operations? Hmmmmmmmmmm.

Waiting for enviro-nitwits to chain themselves to gas pumps near the White House.

Speaking of enviro-nitwits…EXCLUSIVE: Lies Revealed — Greenpeace Leader Admits Arctic Ice Exaggeration.

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Flashback: The Democrat Party platform’s hidden Soros Slush Fund