GLENN: But anyway, if you are watching on Insider Extreme, you'll see the blackboard behind me because I'm getting ready for the TV show tonight. And put this together. It's, I don't know what you call it. It's a small world, or, Crime, Inc.? Or, you know, a blackboard. But what it is is it is a — it's the circle of the BP oil scam and cap and trade. By the way, cap and trade will be the largest, the largest tax increase in American history. It is going to tax beyond your wildest imagination. Now according to Politico, Rahm Emanuel says that Obama wants reduced emissions and so he's pushing for reduced carbon emissions. I got news for ya. We're not going to have any carbon emissions because we're not going to have any money left over. What is really going on with the oil? Tonight a full hour explaining all of this. But let me give it to you real quick. It starts with George Soros. Once you know George Soros, you really don't need to go much further. George Soros is the guy who started Center For American Progress. Center For American Progress is the group funded by George Soros that selected John Podesta, and John Podesta selected the White House team.

Stu, what was the, what was the memo that came out? Remember this memo that came out from Center For American Progress? It was the White House? They said ask somebody at the Center For American Progress?

STU: Yeah, this is — yeah. You are talking about the green jobs thing.

GLENN: Yeah.

STU: There was a study that came out from Spain that actually looked at what happened when they tried to do the green jobs program and found that 2.2 regular jobs were lost for every green job that was created.

GLENN: Right.

STU: And each job that was created was created at more than $700,000 of subsidizing. So it was a disaster for them. It made their policies look horrible. So what they did to try to come up with a defense is they were circulating all these memos and trying to coordinate the response with not only the Center For American Progress, which they wanted their approval for it and what did they think about it, but also the wind lobby, going directly to the people selling you the wind turbines.

GLENN: Unbelievable. All right. So Center For American Progress, John Podesta picks the White House team. This is where Van Jones went back, to Center For American Progress.

In a completely unrelated story, 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.

PAT: Oh weird.

GLENN: At Center for isn't that weird.

PAT: That's weird. It is a small world.

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. It is, what —

STU: No, I have a DVR. Am I allowed to do that or do I have to videotape it?

GLENN: What did I say? I'm sorry.

STU: My VHS is down in the basement. I haven't had it hooked up for several years.

GLENN: What you need to do is you need to get a kinescope.

PAT: Really? Would that be better than like the DVR?

GLENN: Kinescope, you'd be set.

PAT: It seems complicated.

STU: I have my 8 millimeter now hooked up to my TV.

PAT: Those are handy.

STU: Be very nice.

PAT: Those are handy.

GLENN: Oh, boy.

PAT: Then what you can do is listen to the audio on your 8 track in your car.

GLENN: Ooh, that is a good deal.

PAT: It's awesome. I love that sound it makes when it goes to a different track.

STU: I remember those. They were far more advanced than cassettes.

PAT: Oh, yeah.

STU: They were the CD of tapes.

PAT: They were. They were.

GLENN: The CD of tapes? All right. So anyway, get your DVR and your Walkman out and make sure you join me tonight at 5:00.