- (LPAC) -- After funding the launching of Barack Obama's
political career, and while funding MoveOn.org, Center for American Progress,
etc. to attack Dick Cheney's Halliburton Corp. war profiteering, George
Soros was steadily buying Halliburton's stock. Soros had bought millions
of shares of Halliburton by the beginning of 2007, when the stock's price,
under the constant political pounding, had been cut from a high of $40/share
down to $26. Then the MoveOn.org, etc. political attacks largely stopped,
and Halliburton began its rise to today's price of $50.
- The Anglo-Dutch oligarchy's billionaire opponent of `Bush's
War' and `Cheney's Halliburton,' Soros began making purchases of Halliburton
stock in the third quarter of 2005. He accelerated his buying in the fourth
quarter of 2006, when the stock was trading near its low ($26.33) of the
last four years. His purchase prices were between $27.62 and $33.53, with
an estimated average price of $31.3. As of 12/31/06, Soros owned 1,999,450
shares, more than 2% of his total portfolio, making Halliburton his hedge
funds' biggest investment of 2006.
- The Soros-funded Center for American Progress, which
had published dozens of scathing articles on Hallburton since its founding
by Soros in 2003, went silent. Criticism of Halliburton by CAP ceased in
2006 shortly before Soros began his big purchases to accumulate 2 million
shares. Likewise, other Soros-backed groups such as MoveOn.org, went silent
on Halliburton. Listen to the false naivete of a big blog in the same political
grouping, Daily Kos, on 3/4/2007: "I guess Soros has his reasons for
buying the stock of a company such as Halliburton. Soros has remained a
financial speculator while putting on other hats such as saving the world
etc.... Maybe Soros plans on changing the company in some way. Maybe Halliburton
could become a `green' company?"
- 2005 was also the year in which George Soros hedge funds
began major speculation in oil majors and futures. The funds owned stocks
of 17 oil producers, from ExxonMobil, Chevron, and Conoco-Phillips to Devon
Energy and Pioneer Natural Resources. He bought Halliburton along with
a bunch of other "oil servicers": Schlumberger Ltd., BJ Services
Corp., Noble Corp., etc.
- Predicting publicly in 2005, at Davos and elsewhere,
that the dollar was going to drop sharply, Soros had his funds (along with
those of Bill Gates and Warren Buffett) buy gold futures and oil futures
beginning early that year. In March 2006 at Davos, he predicted oil price
shocks. In late 2007, his "predicted" oil price shocks began
hitting, although his claim is that he got the funds back making billions
by betting on the mortgage bubble's, and dollar's, collapse.