Posted on 08/12/2008 10:12:37 AM PDT by MNJohnnie
Nancy Pelosi says that she is trying to save the planet and prevent global warming, but the reality is that, according to disclosure statements, in May 2007 she invested in T. Boone Picken’s clean energy fuels corp., CLNE, which is the sole sponsor of a proposal in California to funnel $5 billion in state funds and $5 billion in Federal funs to this corporation which will indirectly help them create a giant wind farm in the Texas panhandle.
An overlooked story in November of 2007 shows that the T. Boone Pickens plan involves the private control of water, which Pickens wants to be able to sell to big cities via giant water pipelines which will be built on land seized under eminent domain.
How did he do this? He did this by pushing through a “water district” which consists of only 8 acres of land and then applying eminent domain to expand that district and seize land from local ranchers which, in the end, puts vital water resources under his private control.
The Sierra Club, which you might think has an opinion that means something to Nancy Pelosi who just wants to “save the world”, had this to say, “We have real concerns about private control of water,” said Ken Kramer, director of the Texas Sierra Club. “Water is a resource, yet in some respects it is a commodity. It’s as essential to human life as air. That puts water in a different class.”
Pickens plans to sell 200,000 acre-feet from parched West Texas Staked Plains annually. His plan is opposed by water policy planners as economically infeasible. This extensive extraction will affect natural spring flows and the rural Texas Panhandle communities that depend on that water. It will also adversely affect family farming and sustainable development from Texas to South Dakota, according to opponents.
Pickens needs money and he has not been able to find investors to pay for a $110 Billion Bond he wants his new “water authority” to issue, therefore he is piggy-backing the windmill plan on to the water infrastructure development plan to use the money obtained for the wind farms in order to pay for the water infrastructure, which was his original goal.
While these plans were in the works as of November 2007, with the creation of this “water district”, the energy company, CLNE, was offered for public investment in an IPO in May of 2007, an IPO that was not advertised, but which resulted in Nancy Pelosi quickly jumping on board. Nancy Pelosi Purchased between $50,000-$100,000 in CLNE stock on May 25, 2007 apparently on it’s initial public offering.
It is hard to tell if the water scheme is the device being used to seize the land or if the wind turbine scheme is the means by which he will fund the water scheme, but no matter what the case may be, Nancy Pelosi will personally profit from whatever he does as an investor.
Nancy Pelosi is one of the richest members of Congress with a net worth of over US$25 million, which comes primarily from investments a large portfolio of jointly owned San Francisco Bay Area real estate, and, now, of course, stocks in CLNE.
While the stock was initially offered at $14 and is now valued below that amount, the low of $10 in early July of this year is bouncing back, especially in light of ads by Pickens and growing consensus that the Pickens plan will gain support, especially if Pelosi is firmly behind it.
William R. Collier Jr. Upadaria@yahoo.com The American Communicator
EDITOR: Rob Neppell pointed this out… the actual financial disclosure form
Hat tip to Hoya97 for bringing this to our attention. Thought it deseved it’s own thread
And there you go.
If she were a Republican, this would be the smoking gun that killed her credibility and her political future. But she’s a Dem.
Is anyone checking on her investment in oil futures?
Great thought. I will ask around to see if anyone knows how we check that.
Nancy Pelosi may think she can save the world...I would appreciate it if she would participate in saving the U.S.A. by stepping down.
She does not belong in government politics, especially not as Speaker.
Her primary investments are in Nancy Pelosi.
“Doesn’t that make her opposition to an Energy Bill a conflict of intrest?”
Only if she were a Republican.
Get with the Program Johnnie. /s
Well, well, well, now it all makes sense....PING
YOU ROCK!!
Seems to me I remember Obama quoting this T. Boone Pickens guy.....I wonder if Obama is an investor???
Isn’t this called CORRUPTION? Pelosi is personally profiting from a bill that she is blocking.
Where are the calls for the witch (literally) hunt to get to the bottom of this CORRUPTION?
Oh, that’s right, she’s a Democrat so this is not a problem. I would guarantee that if she were a Republican, the headlines would be screaming for an investigation and a witch (literally) hunt.
Follow the money and you’ll find where her true feelings are. The environment is just a convenient excuse to keep her personal investment. CORRUPTION!!!
Not in the eyes of the MSM.
Who didn’t see this one coming?
“Nancy Pelosi may think she can save the world...”
She’s expecting Michael Jackson to invite her on the next ‘We Are The World” sing-along and video.
A fellow member of Madison Forum just shared this with me:
I called both her Washington & Local office. The talking points they are giving out are;
1. The oil companies are not drilling on the 68 million acres they now have. When I asked if there was any oil on that land and if so how much, they did not have an answer.
2. They also said the Republicans were blocking the Democrats energy plan. When I asked how the Republicans could block anything when the Democrats out-numbered them, they did not have an answer.
Imagine that...Democrat corruption.
Just like we made them cover the story about the House Republicans staying on the Hill to force the vote on drilling.
Referance ping.
Pickens is out to pick the pockets of tax payers.
Subsidy . per Megawatt hour of power generation, Dept. of energy:
Coal: $0.44. Nuclear: $1.59. Big Oil: $0.25. Hydroelectric: $0.67. WIND: $23.37. SOLAR: $24.34.
Thanks for the hat tip!
So's ah figgured ahm the one to sell a little snake awl"
-----T. Boone Pocket-Pickens
His proposed windfarm, if run at full capacity, will put $665 million a year of taxpayer subsidies into his company's pockets.
.....and then if we have some no-wind days, they'll need natural gas backup....and guess who has that sewed up.
See, “alternative energy” is just a scheme by the Democrats and some of their supporters to grow rich using taxpayer dollars. This is worse than graft. It’s active collusion between Democrat politicians and energy moguls.
This is the same group of hypocrites that complain about Republicans and “Big Oil”. Anyone who believes these Dem politicos represent the public must also believe in the Easter Bunny and the Tooth Fairy.
This is why the Democrats oppose drilling domestically. They hope to ride the global warming scam to fame and fortune.
Let’s work to make this scam kill her credibility, and that of the Democrats.
“Seems to me I remember Obama quoting this T. Boone Pickens guy”
The strategy of the Democratic Party is to oppose domestic drilling on “global warming” grounds - and spend big on “alternative energy”.
More evidence that Nan doesn't know a hoax when it hits her in the face...
“will put $665 million a year of taxpayer subsidies into his company’s pockets.”
Not if I have anything to say about it.
These people should be ashamed of themselves.
We also knew a long time ago that his wind energy scheme had more to do with "his" water than wind generation.
Just wait until he starts sucking all the water out of the Panhandle and selling it to Dallas.
And this is what the true drive behind the global warming scam is.
Back-room schemers that dupe the public into believing they have noble purposes while shafting taxpayers;and America, in the process.
I am really tired of these Democrats. How did she ever become speaker of the house anyways? Isn’t her constituent base a bunch of Drag Queens? Since when did they start running the country? No wonder why she thinks she can save planet. What a joke.
see, her anti-energy stance in the House isn’t all that irrational at all...sell out the country for $25,000-$50,000...I wonder what the going rate of 30 pieces of silver is...
make that $50,000-$100,000...my bad
Did somebody say, “monorail” ?
bump
Will she resign as Lott and Delay and as other Republicans have.
First, CLNE doesn't have anything to do with wind power or water. CLNE is involved in the business of utilizing natural gas a fuel for fleet vehicles.
As for the so called "water scheme", that is the way water rights work in Texas. Its called "Rule of Capture" and has been upheld by the Texas Supreme Court for a 100 years.
Coal: $0.44. Nuclear: $1.59. Big Oil: $0.25. Hydroelectric: $0.67. WIND: $23.37. SOLAR: $24.34.
Dang. Go a nuber for ethanol?
I’d like to see this old skank spend her twilight years behind bars. I think we all knew this was coming. Pickens and his acres/miles of windmills polluting the horizons.
If it is OK to suck it out and sell it to Amarillo, then it is OK to suck it out and sell it to Dallas.
Sorry but your are misinformed. CLNE does many things. The Natural Gas conversion item is only of their projects.
They all have websites. If you went to them, you would better informed than you are reading the mis-info article that you posted.
Is anyone talking about this but us?
But ethanol is subsidized with at least 5 Billion of our tax dollars.
The runoff with all the fertilizer in it from farming the corn flows down to the Mississippi and is a component of enlarging the “dead zone” at the mouth of the river in the gulf.
The amount of diesel used to harvest the corn is immense
I forget what fuel is used to refine the corn to ethanol, but I think it is coal.
Ethanol, the way we create it here in the USA is a lose-lose situation.
It takes about 32% more energy to produce than is received from it.
Plus it brings the MPG down when it is used.
It may sound like a lot of water to you but there are over 100 landowners participating in Mesa Water and they control a huge amount of land.
As for the windpower subsidy, that is Texas' gain.
And if you consider what might develop with Sharyland Utilities and the Panhandle Loop, Pickens' windpower is small potatoes.
Its ok to oppose it, but what is the point of spreading lies?
Always follow the money, always. Especially when it involves our elected officials.
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