A June 22 FrontPageMag article by Tait Trussell repeats the conspiracy theory that President Obama is calling for a moratorium on oil drilling in the Gulf of Mexico in order to benefit George Soros:
Could this be merely a happy coincidence for George Soros, the major financial backer of Obama’s presidential campaign who also has $811 million invested in the Brazilian oil company, Petrobras? Wasn’t it enough of a payback to Soros when the Obama Administration loaned up to $10 billion to Petrobras? Soros, with his far left-wing organization, MoveOn, is called the Godfather of world socialism. But most relevant currently is that he has been an enthusiastic proponent of global warming and environmental liberalism. He has urged adoption of a global carbon tax. Could it be more than coincidence that his position is strikingly similar to what Obama called for in his June 14 Oval Office speech on the Gulf oil spill and future energy actions?
In fact, the loan to Petrobras was made by the Export-Import Bank, not Obama. At the time the loan was made, the bank’s board consisted of three Republicans and two Democrats, all of whom were appointed by President Bush.