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Why Pelosi wants high gas prices

jodywy

Well-known member
Pickens is banking on 'em. And Pelosi is banking on him.

As reported on dontgomovement.com, Speaker Pelosi 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. If gasoline prices fall? Alternative fuels and the cost to convert fleets over to them become less and less attractive."

CLNE also happens to be the sponsor of Proposition 10, a ballot initiative in Pelosi's home state of California to dole out a combined $10 billion in state and federal funds for renewable energy incentives -- namely, natural gas and wind.

Follow the money. Or, to put it in economist's terms as energy analyst Kenneth Medlock III did in an interview with The Dallas Morning News about the Pickens multibillion dollar wind farm investment: "A lot of what he's trying to do is add value to a stranded asset he's obviously got millions of dollars on the line."

And so, potentially, does the Democratic Speaker of the House -- all the while wagging her finger at the financial motivation of others.
http://townhall.com/columnists/Miche...d_boone-doggle
 

jodywy

Well-known member
Listen to Pickens on the radio the other day. His plan nothing but a land grab, he wants the government to condemn corridors for power lines(Which I imagine his company would build and own).The greatest problem in Wyoming for a lot of wind power is too far off the grid. That’s the biggest problem for Pickens plan
 

Larrry

Well-known member
His plan nothing but a land grab, he wants the government to condemn corridors for power lines

And in rides Pelosi on her big white horse to save Pickens day. Don't ya just love it when a plan comes together.
 

Cal

Well-known member
Larrry said:
His plan nothing but a land grab, he wants the government to condemn corridors for power lines

And in rides Pelosi on her big white horse to save Pickens day. Don't ya just love it when a plan comes together.
Pickens ought to put a windmill in front of that old windbag.
 

Sandhusker

Well-known member
Cal said:
Larrry said:
His plan nothing but a land grab, he wants the government to condemn corridors for power lines

And in rides Pelosi on her big white horse to save Pickens day. Don't ya just love it when a plan comes together.
Pickens ought to put a windmill in front of that old windbag.

There ought to be a way to collect all the natural gas she gives off, too.
 

backhoeboogie

Well-known member
Texans are going to be slated with paying over 4 billion for a power grid for a REGULATED electrical market. That is to get the power to the grid from the remote locations. We are going to pay for that in our electric bills.

This is going to free up REGULATED natural gas for the rest of the U.S. Why can't the rest of the U.S. pay for that grid since they benefit the most?

Deregulating gas would level the playing field. Aint no way Pelosi would buy into that tho. She wants us to keep paying her way.
 

jodywy

Well-known member
http://www.ibdeditorials.com/IBDArticles.aspx?id=303518267212243

Pelosi And The Big Wind Boone-Doggle
By MICHELLE MALKIN | Posted Wednesday, August 13, 2008 4:30 PM PT

House Speaker Nancy Pelosi recently called congressional Republicans who want up-or-down drilling votes "handmaidens of the oil companies." Let's call Pelosi what she is: House girl of the Big Wind boondogglers.

Though she seemingly backtracked on labeling drilling a "hoax" this week, 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 the Speaker's 2007 financial disclosure form. Schedule III lists "Assets and Unearned Income" of between $100,001-$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. Yep, that T. Boone Pickens — ex-oilman turned wind-power evangelist whose ads touting a national wind campaign are now as ubiquitous as Viagra promos.

Pickens and Pelosi share the same talking points downplaying the need to drill and open up more access to American oil. Instead, the Pickens pie-in-the-sky plan proposes to replace natural gas with wind power in power generation and theoretically free up natural gas for America's transportation needs.

All well and good in la-la land, but let's be real about the limitations and costs of wind power. Past and ongoing experience demonstrates the unreliability of wind and the miserably low operating capacity of wind-power facilities here and around the world.

Depending on wind requires supplemental fossil fuel plants as backup to be turned on and off to compensate for wind-power supply shortfalls — nullifying any reductions in carbon dioxide emissions, which are minuscule, according to the National Academy of Sciences.

Not to mention the thousands of sliced-up birds and other wildlife that have become wind-power casualties — a problem scientists say would be solved by "repowering" old turbines at a cost of untold billions.

Fittingly, the environmental mascot of the Democratic National Convention — the showcase of their alternative energy approach — is an eastern Colorado wind turbine propped up with Democratic carbon-credit funds that has never produced any substantial energy because of its chronic equipment malfunctions.

But I digress.

Naturally, the Pickens Big Wind plan is proudly endorsed by Do-Nothing Pelosi's friends at the obstructionist Sierra Club. Through another company, Mesa Power, Pickens has committed upward of $12 billion in wind farms on the Texas panhandle.

CLNE and Mesa Power are separate entities, but what benefits one piece of the Pickens puzzle benefits them all. The wind venture, as Pickens himself acknowledges, depends on permanent federal subsidies.

Pickens is banking on 'em. And Pelosi is banking on him. As reported on dontgo-movement.com, Speaker Pelosi 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. If gasoline prices fall? Alternative fuels and the cost to convert fleets over to them become less and less attractive."

CLNE also happens to be the sponsor of Proposition 10, a ballot initiative in Pelosi's home state of California to dole out a combined $10 billion in state and federal funds for renewable energy incentives — namely, natural gas and wind.

Follow the money. Or, to put it in economist's terms as energy analyst Kenneth Medlock III did in an interview with the Dallas Morning News about the Pickens multibillion dollar wind farm investment: "A lot of what he's trying to do is add value to a stranded asset . . . he's obviously got millions of dollars on the line."

And so, potentially, does the Speaker of the House — all the while wagging her finger at the financial motivation of others.

Copyright 2008 Creators Syndicate, Inc
 
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