Skip to comments.Pelosi and Pickens, investment partners
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. Pelosis CLNE purchase is listed on her most recent congressional personal financial disclosure form, which can be viewed at Opensecrets.org.
A search of Pelosis official web site found no announcement of the investment in the Pickens operation. A request to the Speakers official spokesman yesterday for information about the investment went unanswered. Coincidentally, Pelosis 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 CLNEs $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 Pelosis 1998 re-election campaign. Today, however, Paul Pelosi alone is listed in the D.C. governments 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.
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.
Good point Mr K !!
Stay Safe !
That's a quote from the above article. Are you saying that, according to your well-placed sources, that is false?
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.
“This is amazingly brazen corruption......”
This is a poster image for term limits.
Maybe you should tell that to T. Boone Pickens. He thinks they do go together.
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
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.
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.
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.
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.
But that doesn't mean that everything in the Pickens Plan is not worthwhile.
“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.