Will Nancy Pelosi Make Money Off of Cow Farts Too?
Nancy Pelosi is set to make millions of dollars if cap and tax is passed on Friday. She currently has an estimated $15K-50K worth of shares invested in Clean Energy Fuels Corporation (CLNE). This company is of course heavily vested in alternative energy sources and given the fact that any legislation that passes effecting the energy sector will undoubtedly up the price of any public company currently trading in that sector on the stock market.
T. Boone Pickens is also a big investor of CLNE and he has been lobbying for clean energy for a number of years. He is set to make millions, if not billions from cap and tax. T. Boone was not very happy when he found out about Alaska Governor, Sarah Palin’s deal with Exxon Mobile, Trans-Canada and AGIA. Natural gas and oil supplies, if we were able to manufacture them in our own backyard would put big “Green” moguls out of business. Natural gas is also a compound that CLNE is vested in and given the fact that supply would be limited and demand high, prices would sky-rocket - now, if Palin’s gas-line comes to fruition, volume and supply of natural gas will increase for everyone and therefore the price will go down…
Shares of CLNE have gone up and down in value in recent years, thanks to the fluctuations in the price of natural gas and changes in the oil industry worldwide. And a Pelosi spokesman told The Washington Examiner last year that her husband takes care of their stock portfolio, so she has no knowledge of how any of her family investments will be affected by any particular piece of legislation before Congress.
Another prominent public figure with an interest in OWM is CLNE’s major domo, T. Boone Pickens, best known of late as a wind-energy investor and the man behind the largest-ever single donation to a state university, $165 million to Oklahoma State University for its athletic programs three years ago. CLNE is a cog in Pickens massive plan to create a giant wind farm in West Texas to generate electricity.
Pelosi will profit because OWM will boost the price of natural gas on the market. This is because natural gas burns with significantly less carbon emissions than other fossil fuels. For companies trying to get under OWM limits for greenhouse gases emissions, burning more natural gas instead of, say coal, will be a no-brainer. That will drive up demand for natural gas, which in turn will create upward price pressures.
So my next question for Pelosi, Gore, Pickens, GE, and all other entities that have banked on “Green” legislation; will money be made off of taxing cow farts?
Yes, folks, there was an idea floating around out there to tax methane and cow farts. All living beings happen to pass gas, so I would assume that they would first come for the cows, and then for us… There are those that are getting into the business of breeding cows that pass less flatulence, believe it or not. Would green cows make green burgers and would green burgers make my flatulence green? Yeah, didn’t think so…
The government is becoming Godzilla, toppling tall buildings and destroying everything it touches. I guess you could consider the government much like the opposite of Midas… everything it touches turns to…
Reagan was right when you said: ”If it moves tax it, if it keeps moving, regulate it. And if it stops moving subsidize it.”
