If you haven’t read the original story yet, find the background here. Basically the Obama Administration is lending Brazilian oil company Petrobras $2 billion from the American treasury to pursue off-shore drilling off the Brazilian coast. That despite the fact that Barack Obama and Congressional Democrats oppose off-shore drilling for the United States.

But is there more to this story than originally meets the eye? Ed Morrissey found this story from back on Friday. It would seem that liberal benefactor extraordinaire George Soros has financial interests in the oil company that’s suddenly getting billions from the American treasury:

His New York-based hedge-fund firm, Soros Fund Management LLC, sold 22 million U.S.-listed common shares of Petrobras, as the Brazilian oil company is known, according to a filing today with the U.S. Securities and Exchange Commission. Soros bought 5.8 million of the company’s U.S.-traded preferred shares.

Soros is taking advantage of the spread between the two types of U.S.-listed Petrobras shares, said Luis Maizel, president of LM Capital Group LLC, which manages about $4 billion. The common shares were 21 percent more expensive than preferred today, according to data compiled by Bloomberg. …

Petrobras preferred shares have also a 10 percent additional dividend, said William Landers, a senior portfolio manager for Latin America at Blackrock Inc.

“Given that there will most likely never be a change in control in the company, I see no reason to pay a higher price for the common shares.” Brazil’s government controls Petrobras and has a majority stake of voting shares.

So just a few days after the liberal sugar daddy buys millions of shares of Petrobras, the Obama Administration agrees to lend the company billions of dollars from the American treasury to expand its business? There’s something fishy there.