Wednesday, August 13, 2008

Pelosi’s Oil Investments

The Asian Badger points out this story...

The ballot initiative is California’s Proposition 10, known as the California Renewable Energy and Clean Alternative Fuel Act, which would spend $5 billion in California bond money – $10 billion by the time the interest is paid, according to the L.A. Times – to promote natural gas as an cleaner alternative for automobile and truck fuel.

Not surprisingly, the nation’s largest provider of natural gas for transportation, Clean Energy Fuels Corporation, or CLNE,  has a great deal to gain from the adoption of Pickens’ fuel strategy and the passage of Proposition 10. In fact, according to the California Secretary of State website, CLNE has contributed $3,247,250 to supporting Proposition 10’s passage.

CLNE, however, was formerly known as Pickens Fuel after its primary investor, T. Boone Pickens.

While Pickens touts a plan in the name of environmentalism that will also line his company’s pockets, a #dontgo investigation has revealed that another environmental champion and backer of Proposition 10 has also invested in CLNE: House Speaker Nancy Pelosi of California.

According to the investigation, Pelosi purchased $50,000-$100,000 in CLNE stock on May 25, 2007, apparently on its initial public offering.

Now the House speaker stands to make a large profit on her reported 22,000 shares of CLNE if she and other public figures can persuade the people of California to vote for Proposition 10 in the name of renewable energy and clean, alternative fuels.

...and comments. 

Now, I seem to remember the leftards screaming that Cheney and Bush were and are captives of “Bil Oil” and that every move they made was designed to aid Halliburton.

So where’s the outrage of the leftards now. (Hint: Cue the crickets.)

Pickens (another really slimy creature) is sitting on BOATLOADS of natural gas but won’t drill for it unless he gets certain markets guaranteed. So he did what all enterprising Americans do; he bought a politician. It could have been worse, he might have had to sleep with her.

Pelosi doesn’t even try to hide her assets by putting them in a blind trust. Talk about corruption on a grand scale.

Indeed. How nice to purchase a boatload of stock and then push laws that will drive up the price.

(2) Comments
Posted by Owen at 1811 hrs
Politics + Politics - General

  1. Many big shots on Wall Street are not allowed to own individual stock because they could influence the price.  No way should we have an organization as clean as Congress have any such rules.

    Posted by .(JavaScript must be enabled to view this email address) on August 13, 2008 at 1852 hrs


  2. Great, now we’ve got handmaidens of clean energy with their warcries!

    Posted by .(JavaScript must be enabled to view this email address) on August 14, 2008 at 0816 hrs


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