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Pelosi and Pickens, investment partners
Washington Examiner ^ | 8/18/08

Posted on 08/18/2008 10:37:17 AM PDT by pabianice

It is difficult to imagine a more unlikely pair of investors than House Speaker Nancy Pelosi and Texas oilman T. Boone Pickens. Pelosi, the San Francisco Democrat, is among the most liberal and pro-environmentalist politicians in Congress, while Pickens has long been associated with Republicans, hedge funds and the energy industry. Yet in May 2007, Pelosi invested between $100,001 and $250,000 to purchase public common stock in Pickens’ Clean Energy Fuels Corporation (CLNE). Pelosi's CLNE investment was first highlighted by Eric Odom on the #don'tgo blog. CLNE is a cog in Pickens’$6 billion plan to build a massive wind farm in west Texas and to switch millions of vehicles on American roads from gasoline to natural gas. Pelosi’s CLNE purchase is listed on her most recent congressional personal financial disclosure form, which can be viewed at Opensecrets.org.

A search of Pelosi’s official web site found no announcement of the investment in the Pickens operation. A request to the Speaker’s official spokesman yesterday for information about the investment went unanswered. Coincidentally, Pelosi’s investment came the same month as the House passed the Honest Leadership and Open Government Act of 2007, which she hailed as making the Congress over which she helps preside “the most open and honest in history.” There are numerous ways Pelosi could provide assistance to CLNE and Pickens, including helping secure federal tax advantages. Pickens expects at least 15 percent profits on the wind farm and associated initiatives. At CLNE’s $14 per share value, Pelosi appears to own between 7,000 and 17,000 shares.

Then there is the property Pelosi and her husband once owned, but which now is listed as the possession of a Pelosi campaign donor, Joseph E. Seagram & Son. The property - at 3030 K Street, N.W. in the Georgetown section of Washington, D.C. - was bought from Seagram for $650,000 in 1999 by Pelosi and her husband, Paul. Seagram was the source of a $4,500 contribution to Pelosi’s 1998 re-election campaign. Today, however, Paul Pelosi alone is listed in the D.C. government’s property tax database as the owner of a condo – Unit 214 - at the Georgetown address.

Also listed in that database as the owner of a residential/condo/garage at the address is Seagram, with a San Francisco mailing address of 235 Montgomery Street. Also located at that San Francisco address is the Paul and Nancy Pelosi Charitable Foundation, a tax-exempt educational organization that claimed in its most recent tax return to own nearly $700,000 in corporate stocks. There may be reasonable explanations for these matters, but Speaker Pelosi should provide details answers if she expects to be taken seriously on congressional ethics and transparency.


TOPICS: Crime/Corruption; Culture/Society; Government; News/Current Events; Politics/Elections
KEYWORDS: 110th; clne; energy; enviroprofiteering; pelosi; pelosipickens; pickens; pickensplan; tboonepickens; windmillnancy; windpower
Yet another reasonn to loathe Pelosi and her "most ethical congress in history."
1 posted on 08/18/2008 10:37:18 AM PDT by pabianice
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To: pabianice

“——but Speaker Pelosi should provide details——”


2 posted on 08/18/2008 10:40:11 AM PDT by malia (Michelle Obama..2008--for the first time in my adult lifetime I'm really proud of my country--)
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To: pabianice
I owned 14 buildings at one time and so had to deal with AT LEAST 50 different contractors for various things...

It is my experience that the people you can trust the least are the ones who say “You can trust me”

It never occurs to an honest person that he has to tell others how ethical he is

3 posted on 08/18/2008 10:41:23 AM PDT by Mr. K (Some days even my lucky rocketship underpants don't help)
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To: eeevil conservative

Ping for a subject I believe is of interest to you


4 posted on 08/18/2008 10:50:52 AM PDT by lonevoice (John McCain was a Kinoki foot pad in the Reagan Revolution)
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To: lonevoice

THANKS!

ping me anytime dahlin!


5 posted on 08/18/2008 10:59:23 AM PDT by eeevil conservative (GIVE ME A PLACE TO STAND AND I WILL MOVE THE EARTH....Archimedes)
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To: eeevil conservative

Well that was a quick trip down Follow The Money Lane. Hardly used any gas at all.


6 posted on 08/18/2008 11:02:52 AM PDT by massgopguy (I owe everything to George Bailey)
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To: eeevil conservative

Well that was a quick trip down Follow The Money Lane. Hardly used any gas at all.


7 posted on 08/18/2008 11:02:54 AM PDT by massgopguy (I owe everything to George Bailey)
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To: pabianice
Well, well, well...now isn't this interesting...

I don't know if this legal but it sure doesn't pass the ethical “smell test.”

Me thinks, Pelousy’s office will be inundated with calls today...inquiring minds want to know.

8 posted on 08/18/2008 11:07:41 AM PDT by kellynla (Freedom of speech makes it easier to spot the idiots! Semper Fi!)
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To: pabianice

Can you imagine the response if Denny Hastert had been publicly linked with, say, Kirk Kerkorian, on some big investment deal?


9 posted on 08/18/2008 11:07:54 AM PDT by Steely Tom (Without the second, the rest are just politicians' BS.)
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To: pabianice

interesting!


10 posted on 08/18/2008 11:11:47 AM PDT by griswold3 (Al qaeda is guilty of hirabah (war against society) Penalty is death.)
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To: pabianice
A synopsis of this story should be included with any story on Nancy Pelosi. Hopefully it will eventually become impossible for MSM to ignore.

I'm e-mailing authors of any stories about her, asking them if they know of the potential conflict of interest, ala CLNE, the Speaker has.

11 posted on 08/18/2008 11:20:20 AM PDT by uvular
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To: pabianice
It is difficult to imagine a more unlikely pair of investors than House Speaker Nancy Pelosi and Texas oilman T. Boone Pickens.

No it's not. They are both scam artists fleecing the American teat.

12 posted on 08/18/2008 11:21:34 AM PDT by raybbr (You think it's bad now - wait till the anchor babies start to vote!)
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To: pabianice

Here is another politician T Boone is probably in cahoots with
since he has America’s largest CNG vehicle refilling company

http://www.freerepublic.com/focus/f-bloggers/2046044/posts

T Boone is not a stupid man. He knows his return on investment
is more lucrative with corrupt politicians than wall street.


13 posted on 08/18/2008 11:22:55 AM PDT by twistedwrench
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To: pabianice

Pickens wants “transmission corrodors” what he is saying is that he wants the federal government to eminent doman TAKE LAND AND LAND RIGHTS in the name of his company.

IOW KELLO DECISION ON THE MARCH.

He can’t buy the land so he wants to take by government.


14 posted on 08/18/2008 11:25:44 AM PDT by longtermmemmory (VOTE! http://www.senate.gov and http://www.house.gov)
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To: Steely Tom
Can you imagine the response if Denny Hastert had been publicly linked with, say, Kirk Kerkorian, on some big investment deal?

This is much worse than Newt's book deal, IMO.

15 posted on 08/18/2008 11:28:47 AM PDT by Charles Martel (Liberals are the crab grass in the lawn of life.)
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To: raybbr; Ben Ficklin

Ping. I suppose you don’t believe this story either, eh, Ben Ficklin?


16 posted on 08/18/2008 11:28:50 AM PDT by Flycatcher (Strong copy for a strong America)
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To: pabianice

Are there no conflict of interest laws or rules for Congress at all? This is amazingly brazen corruption.


17 posted on 08/18/2008 11:56:19 AM PDT by TigersEye (2016 Summer Olympics ... Poti, Georgia!)
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To: Flycatcher
He (Pickens) has repeatedly said that no government help is needed to pursue his plan to build the world's largest wind farm in the Texas Panhandle. Yet he is lobbying hard for extension of the Production Tax Credit and National Renewable Energy Zones -- essentially a huge tax shelter for wind industry investors and expedited eminent domain for transmission corridors.


18 posted on 08/18/2008 12:01:04 PM PDT by raybbr (You think it's bad now - wait till the anchor babies start to vote!)
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To: massgopguy

ROFL!!!!!!!


19 posted on 08/18/2008 12:03:00 PM PDT by eeevil conservative (GIVE ME A PLACE TO STAND AND I WILL MOVE THE EARTH....Archimedes)
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To: raybbr
Yes, I know. I got into a little dust-up on a different thread earlier about this very thing. FReeper Ben Ficklin doesn't believe any of this is true. That's why I pinged him. But if he doesn't believe me, he probably won't believe you either.

Thanks for the post and the info.

20 posted on 08/18/2008 12:29:32 PM PDT by Flycatcher (Strong copy for a strong America)
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To: Flycatcher
"you don't believe this story either"

Well, the Examiner article above confirms what I have already told you. The story starts at the #DongGO blog and was written by Collier. If you google him, you can see the many places on the internet he posted the article.

Then Maulkin picked it up. Then WND picked it up. Now the Examiner has picked it up. Do you understand that the Examiner is fringe just like Maulkin and WND.

So what is the credibility. Carter and Maulkin acknowledge that CLNC is a different company from Mesa Power. Or Mesa Petroleum. Or Mesa Water.

But then they say that what benefits CLNC also benefits Pickens' other companies.

That is just not true.

So, can you or Maulkin, or Collier show how it benefits Mesa Power? Besides just saying that it does.

21 posted on 08/18/2008 12:38:16 PM PDT by Ben Ficklin
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To: Mr. K

Good point Mr K !!

Stay Safe !


22 posted on 08/18/2008 12:38:25 PM PDT by Squantos (Be polite. Be professional. But, have a plan to kill everyone you meet)
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To: Ben Ficklin
CLNE is a cog in Pickens’$6 billion plan to build a massive wind farm in west Texas

That's a quote from the above article. Are you saying that, according to your well-placed sources, that is false?

23 posted on 08/18/2008 1:17:07 PM PDT by Flycatcher (Strong copy for a strong America)
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To: Flycatcher
CLNC has nothing to do with windpower. CLNC is a retailer of Compressed Natural Gas as a transportation fuel, mainly for fleet vehicles.

And in California, and the reason that Pelosi bought stock in CLNC, there are about 8000 junker shuttle trucks hauling containers between the ports and the inland ports that will be replaced with new, CNG fueled trucks.

24 posted on 08/18/2008 1:42:06 PM PDT by Ben Ficklin
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To: TigersEye

“This is amazingly brazen corruption......”

This is a poster image for term limits.


25 posted on 08/18/2008 1:53:25 PM PDT by mo
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To: Ben Ficklin
CLNC has nothing to do with windpower. CLNC is a retailer of Compressed Natural Gas as a transportation fuel, mainly for fleet vehicles.

Maybe you should tell that to T. Boone Pickens. He thinks they do go together.

From: http://www.pickensplan.com/theplan/

We currently use natural gas to produce 22% of our electricity. Harnessing the power of wind to generate electricity will give us the flexibility to shift natural gas away from electricity generation and put it to use as a transportation fuel

26 posted on 08/18/2008 1:55:39 PM PDT by thackney (life is fragile, handle with prayer)
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To: Flycatcher; OkeyDokeyOkie
Here a couple you might be interested in.

Read what Inhofe thinks of Pickens and CNG

Click thru to the source to read CEO Littlefair's overview of CLNC

27 posted on 08/18/2008 1:57:01 PM PDT by Ben Ficklin
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To: thackney

I bet one is more lucrative than the other.

Regulation of one vs. market prices for the other.

something stinks in Denmark and it has a Texas drawl.


28 posted on 08/18/2008 2:04:29 PM PDT by longtermmemmory (VOTE! http://www.senate.gov and http://www.house.gov)
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To: thackney; Flycatcher
The more wind, coal, and nuclear you use to gen electricity, the less gas you use.

Panhandle/South Plains Loop Project

Keep in mind that the HL Hunt family controls Sharyland and in Texas the HL Hunt Family is a much bigger dog than T. Boone Pickens.

29 posted on 08/18/2008 2:13:11 PM PDT by Ben Ficklin
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To: Ben Ficklin
The more wind, coal, and nuclear you use to gen electricity, the less gas you use.

Agreed. So why do you believe that wind power has nothing to do with using natural gas as vehicle fuel? That is the justification given by the Pickens Plan.

30 posted on 08/18/2008 2:22:31 PM PDT by thackney (life is fragile, handle with prayer)
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To: Ben Ficklin
Panhandle/South Plains Loop Project

I've been following this. I was very disappointed with ERCOT's decision not to upgrade to 765 kV. In my opinion, the 345 kV is a short-sided decision by folks who have fought against 765 kV in ERCOT for far too many years.

31 posted on 08/18/2008 2:24:47 PM PDT by thackney (life is fragile, handle with prayer)
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To: thackney
Because I don't share his enthusiasm for CNG as a transportation fuel for the masses. But, it should be expanded for fleets and stationaries.I don't think that I am alone it that. It would appear to me that plug-ins is what the consumers will want.

But that doesn't mean that everything in the Pickens Plan is not worthwhile.

32 posted on 08/18/2008 2:35:36 PM PDT by Ben Ficklin
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To: pabianice

“It is difficult to imagine a more unlikely pair of investors than House Speaker Nancy Pelosi and Texas oilman T. Boone Pickens.”

Are you kidding? All the global elite are in bed with each other.


33 posted on 08/18/2008 4:05:30 PM PDT by ViLaLuz (2 Chronicles 7:14)
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