Post by The Big Dog on Aug 13, 2008 11:47:28 GMT -5
We all are painfully aware of Speaker Pelosi's recent shenanigans with blocking an up or down vote on removing the Congressional ban on oil exploration on the outer continental shelf. But, like so many political issues down through the ages, it appears that Madame Speaker's obstinance is due, in part, to some investments on her part.
Surprise, surprise, surprise....
All aboard the gravy train.... fueled by your taxpayer dollars and mine. T. Boone Pickens wouldn't give a rat's patootie about wind generated power if there wasn't a sure profit, and a big one at that, in it for him.
And so, it would seem, for Madame Speaker as well.
Liberal and progressive Democrats please feel free to chime in.
Surprise, surprise, surprise....
Pelosi's Big Wind Boondoggle
Michelle Malkin
The New York Post
HOUSE Speaker Nancy Pelosi recently called congressional Republicans who want up-or-down drilling votes "hand maidens of the oil companies." Let's call Pelosi what she is: House girl of the Big Wind boondogglers.
Pelosi refuses to consider GOP energy proposals that don't include massive government subsidies for so-called eco-alternatives that have never panned out.
Which brings us to Pelosi's 2007 financial disclosure form. Schedule III lists "Assets and 'Unearned Income' " of $100,001 to $250,000 from Clean Energy Fuels Corp. - Public Common Stock. Clean Energy Fuels Corp. (CLNE) is a natural-gas provider founded by T. Boone Pickens, the former oilman turned wind-power evangelist.
Pickens and Pelosi both downplay the need to drill for more US oil. Instead, the Pickens plan proposes to replace natural gas with wind power in power generation and free up natural gas for transportation needs.
<< snipped >>
The wind venture, as Pickens himself admits, depends on permanent federal subsidies.
Pickens is banking on 'em. And Pelosi is banking on him. She bought between $50,000 and $100,000 worth of stock in Pickens' CLNE Corp. in May 2007 on the day of the initial public offering:
"She, and other investors, stand to gain a substantial return on their investment if gasoline prices stay high, and municipal, state and even the federal governments start using natural gas as their primary fuel source," reported dontgomovement.com.
CLNE also happens to be the sponsor of Proposition 10, a ballot initiative in Pelosi's home state of California to dole out $10 billion in state and federal funds for renewable-energy incentives - namely, natural gas and wind.
Michelle Malkin
The New York Post
HOUSE Speaker Nancy Pelosi recently called congressional Republicans who want up-or-down drilling votes "hand maidens of the oil companies." Let's call Pelosi what she is: House girl of the Big Wind boondogglers.
Pelosi refuses to consider GOP energy proposals that don't include massive government subsidies for so-called eco-alternatives that have never panned out.
Which brings us to Pelosi's 2007 financial disclosure form. Schedule III lists "Assets and 'Unearned Income' " of $100,001 to $250,000 from Clean Energy Fuels Corp. - Public Common Stock. Clean Energy Fuels Corp. (CLNE) is a natural-gas provider founded by T. Boone Pickens, the former oilman turned wind-power evangelist.
Pickens and Pelosi both downplay the need to drill for more US oil. Instead, the Pickens plan proposes to replace natural gas with wind power in power generation and free up natural gas for transportation needs.
<< snipped >>
The wind venture, as Pickens himself admits, depends on permanent federal subsidies.
Pickens is banking on 'em. And Pelosi is banking on him. She bought between $50,000 and $100,000 worth of stock in Pickens' CLNE Corp. in May 2007 on the day of the initial public offering:
"She, and other investors, stand to gain a substantial return on their investment if gasoline prices stay high, and municipal, state and even the federal governments start using natural gas as their primary fuel source," reported dontgomovement.com.
CLNE also happens to be the sponsor of Proposition 10, a ballot initiative in Pelosi's home state of California to dole out $10 billion in state and federal funds for renewable-energy incentives - namely, natural gas and wind.
All aboard the gravy train.... fueled by your taxpayer dollars and mine. T. Boone Pickens wouldn't give a rat's patootie about wind generated power if there wasn't a sure profit, and a big one at that, in it for him.
And so, it would seem, for Madame Speaker as well.
Liberal and progressive Democrats please feel free to chime in.