Glenn Beck - Lays out his BP Oil Spill Conspiracy Theory

GLENN:...Center For American Progress is the group funded by George Soros that selected John Podesta, and John Podesta selected the White House team... Soros has purchased $900 million of Petrobras. That's P E T R O B R A S, Petrobras. Then we have the BP oil spill as the next stop on this circle of life. Tony Podesta is the PR person for BP oil...
PAT: Why does that name sound familiar? Tony Podesta.
GLENN: John Podesta's brother.
GLENN: So the Center For American Progress, now according to the Wall Street Journal, is the one making the policy for this cap and trade and this oil spill. They are the ones that have come out on one day and say you — the White House needs to do this. Two days later, the White House does it. Next day, White House needs to do this. Few days later, the White House does it. And the White House — the Wall Street Journal just did an article on this last week and said, look who's controlling the oil policy. But they left it at that.

One of the policies that they recommended is that we suspend drilling. And they said that not only do we need to suspend deepwater drilling but all drilling. Guess what the White House comes out with? Now, this is going to cost us in six months, it will cost us $2 billion. How many dollars a day are we losing on this?

STU: Up to $330 million a month I believe it is.

GLENN: There are, already three — sorry, 35 oil rigs out there that the equipment now is sitting idle and there are bids from other countries on those oil rigs. They are not going to sit there idle. They are going to be leased to somebody. The oil industry is saying, guys, this is going to kill us. Listen to that. The oil industry is saying, this is going to kill us to suspend all drilling. Why? Because the oil rigs are not going to — they are not going to be there. They are going to be — they are going to be leased some place else. Also, the most dangerous time to an oil rig is when you are shutting it down. That's the danger point. So we're going to shut down all oil rigs in the water, lose all that money and then lose possibly a lot of the oil rigs. We won't get them back. That was a suggestion from the Center For American Progress. Obama said we have to do that because 1500 meters of water is too deep to drill in.

In a completely unrelated story, Petrobras has announced that they are going to do deepwater drilling at 2,777 meters, almost twice the distance under the surface of the water as Deep Horizons in the Gulf of Mexico. Why did you hear Petrobras? Oh, yeah, that's right. It's over on the other side of the blackboard. George Soros has $900 million in Petrobras stock. It is his number one investment. Remember, he's the guy who started Center For American Progress that is currently making the policy. Obama suspends drilling because 1500 feet is too dangerous. Petrobras says that they are going to make a — they are going to drill for oil at 2700 feet, and Obama decides to make a loan for $2 billion to Petrobras for this particular drill site.

Now, why would we give up our drilling equipment? Why would we say it's too dangerous in 1500 meters and then make a $2 billion loan to Petrobras, $2 billion so they can drill 2777 meters, almost twice the distance. Well, it's good news if you are a shareholder for Petrobras because now you can go and drill. You have the equipment, you have the money and you have the backing of the United oh, wait a minute. That's right. George Soros, his major investment is in... Petrobras. It is Crime, Inc. The circle of corruption. I have so much more on this we're readying for you for 5:00 today. You need to see it. It's one of these shows that you are going to need to videotape because it's going to take me an hour to go through all of this and show you all of the connections.

Read the entire transcript here- Glenn Beck - Current Events & Politics - Glenn Beck: Radio chalkboard
Here's the 5:00 Video-