January 24, 2012 SouthAmerica: Stuart Varney a real clown. Fox News â January 24, 2012 Brazil Finds Oil and Selling It to China - 3B dollars of your taxes At Work <iframe width="420" height="315" src="http://www.youtube.com/embed/wxMw4MOEchY" frameborder="0" allowfullscreen></iframe> Stuart Varney Anchor of âVarney & Co.â from Fox News At minute 4 of this video this clown from Fox News gives his opinion and he thinks that Brazil has to sell its oil to the United States, because the U.S. Export-Import Bank lent US$ 2 billion dollars to Petrobras in August 2009. He is clueless that China's government lent US$ 10 billion dollars to Petrobras in 2009.... This clown from Fox News has no idea that Petrobras invest around $ 55 billion dollars per year, and that the US$ 2 billion dollars that the U.S. Export-Import Bank lent to Petrobras represents a little more than petty cash to Petrobras. Since August 2009 Petrobras has invested about US$ 130 billion dollars. Big deal, the U.S. Export-Import Bank invested US$ 2 billion dollars in Petrobras. As usual Stuart Varney proved that he is an incompetent idiot with his silly comments on Fox News â this time with his comments about Petrobras regarding Brazil, China, and the USA. *** Wall Street Journal â August 18, 2009 Obama Underwrites Offshore Drilling http://online.wsj.com/article/SB10001424052970203863204574346610120524166.html ...The U.S. Export-Import Bank tells us it has issued a "preliminary commitment" letter to Petrobras in the amount of $2 billion and has discussed with Brazil the possibility of increasing that amount. Ex-Im Bank says it has not decided whether the money will come in the form of a direct loan or loan guarantees. *** Wall Street Journal â July 22, 2011 Brazil Petrobras Approves $ 225 Billion Investment Plan http://online.wsj.com/article/SB10001424053111903461104576462790105737046.html ...Petrobras said that it will invest $224.7 billion in the 2011-2015 period, up slightly from the $224 billion in outlays set in the 2010-2014 investment plan. Investments for 2011 were set at $55 billion, down slightly from the previous plan's projection of about $60 billion, Petrobras said. *** Bloomberg News â April 14, 2011 Petrobras May Seek China Development Bank Loan After Borrowing $10 Billion http://www.bloomberg.com/news/2011-...for-new-loan-from-china-development-bank.html ...Petrobras, Brazil's state-run oil company, is in talks with China Development Bank Corp. for a new loan after borrowing $10 billion from the policy bank in 2009, bank Chairman Chen Yuan said. .