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
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.
Wrong. Ground water is a finite resource. Over-exploitation could lead to a lot of wells going dry in the region.
Water rights laws vary from state to state.
Now's the time, the price is down.
Sure, that post I replied to was the wrong unit of measure for ethanol. My bad. I was thinking per gallon, because as your post notes, ethanol only exists because of subsidies. And a lot of that taxpayer money is in turn used to re-elect the pols who vote for it.
Ethanol is an issue I like to put out facts about, thanks for the inspiration.
I didn’t trust him either.
When do they start charging for the very air we breathe?
Numbers came from another Freeper who found the document.Not certain if ethanol is in there:
http://www.eia.doe.gov/oiaf/servicerpt/subsidy2/pdf/chap5.pdf
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Thanks. And of course ethanol isn’t because the subject was electricity. My mixup.
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