Posted on 08/18/2015 6:55:22 AM PDT by SeekAndFind
I have always believed that global warming is a gigantic scam, driven by greed and lust for power. Now comes the shocking news, via Steve Milloy writing on Breitbart, that following President Obama’s use of CO2 emissions as a weapon to drive major coal companies near bankruptcy, the ultimate politically connected speculator George Soros is buying up stock in major coal producers on the cheap.
I predicted in this column last week that the left wasn’t going to kill off the coal industry so much as it was going to steal it. That prediction is already becoming true courtesy of billionaire George Soros.
U.S. Securities and Exchange Act filings indicate that Soros has purchased an initial 1 million shares of Peabody Energy and 553,200 shares of Arch Coal, the two largest publicly traded U.S. coal companies. As pointed out last week, both companies have been driven perilously close to bankruptcy by the combination of President Obama’s “war on coal” and inexpensive natural gas brought on by the hydrofracturing revolution.
Under the hypothesis that not even socialists would leave trillions of dollars worth of a perfectly safe and clean energy source in the ground for the sake of the imaginary “climate crisis,” I posited that once the existing coal industry ownership was wiped out by President Obama’s regulatory onslaught, a new politically correct ownership would rehabilitate the fuel by contributing to Democrats.
Enter George Soros, a hardball investor and philanthropist to myriad left-wing causes, including the activist and “clean energy” rent-seeking movements that have helped take down the coal industry. In 2009, for example, Soros announced he would spend $1 billion in “clean energy” technology and create a San Francisco-based advocacy organization called the Climate Policy Initiative.
(Excerpt) Read more at americanthinker.com ...
Probably Soarass just recognizing the next POTUS likely to reverse Ø’s/his efforts of the last 7 years, so why not profit from that. Too.
“You scratch my back, I’ll scratch yours...”
Socialists like 0bama hate crony capitalism, unless it benefits them, then it’s OK to do!
I scratched your back, it’s time for my full-body massage.
Michael Bastasch
06/25/2013
President Obama laid out his new plan to tackle global warming Tuesday. In 2008, he made comments about “bankrupting” coal plant owners and making energy prices “skyrocket.”
“So if somebody wants to build a coal-powered plant, they can; it’s just that it will bankrupt them, because they’re going to be charged a huge sum for all that greenhouse gas that’s being emitted,” Obama said during a meeting with the San Francisco Chronicle’s editorial board.
“Under my plan of a cap-and-trade system, electricity rates would necessarily skyrocket. Even regardless of what I say about whether coal is good or bad,” he added. “Because I’m capping greenhouse gases, coal power plants, you know, natural gas, you name it — whatever the plants were, whatever the industry was, they would have to, uh, retrofit their operations. That will cost money. They will pass that money on to consumers.” ...”
Excellent point, this is publicly traded stocks so anybody is free to join the party.
Once Obama is out it will be interested to see what investments someone was doing for him while he was in office.
I'm surprised someone hasn't put some Uranium in his coffee.
Precisely. Especially since O is trying to close nuclear plants.
I’m sure the Obama family will live like potentates for decades to come.
Just the take on POTUS pardons should be stunning.
Insider trading!
Obunga clues Soros that he’s going to drive down coal mine stocks; get ready to buy. Soros, on the strength of that tip, puts in a buy order for XXX shares at $X.XX price.
You post stuff like this, yet you are a loyal defender/supporter of KGB Putin. Just trying to build credibility with some of us, huh?
“If somebody wants to build a coal-fired power plant, they can. It’s just that it will bankrupt them,” Obama said, responding to a question about his cap-and-trade plan. He later added, “Under my plan … electricity rates would necessarily skyrocket.”
Of course, cap and trade is long dead. But coal-fired power plants are powering down nationwide, and they are blaming the Obama Environmental Protection Agency. The president’s critics say proposed greenhouse gas regulations for future power plants are designed to cripple the coal industry.
And just like with another 2008 quote — Energy Secretary Steven Chu’s famed call to “figure out how to boost the price of gasoline to the levels in Europe” — Republicans say the Chronicle clip shows what’s really in the president’s heart, that high electricity prices and the death of coal have always been Obama’s goal.
http://www.politico.com/news/stories/0412/74892.html#ixzz3jAzdi18H
Maxine Waters warns Shell president in House committee hearing
Posted: May 23, 2008
2008 WorldNetDaily
A report by Fox News, captured in a clip posted on YouTube.com (Must see video! https://www.youtube.com/results?search_query=maxine+waters+socialize) , showed Waters challenging the president of Shell Oil, John Hofmeister, to guarantee the prices consumers pay will go down if the oil companies are allowed to drill wherever they want off of U.S. shores.
Hofmeister replied: "I can guarantee to the American people, because of the inaction of the United States Congress, ever-increasing prices unless the demand comes down."
The Shell exec said paying $5 at the pump "will look like a very low price in the years to come if we are prohibited from finding new reserves, new opportunities to increase supplies."
Waters responded, in part, "And guess what this liberal would be all about. This liberal will be about socializing … uh, um..."
The congresswoman paused to collect her thoughts [for about 5-6 seconds this went on, while her colleagues behind her laughed].
"...would be about, basically, taking over, and the government running all of your companies..."
The oil executives responded, according to Fox News, by saying they've seen this before, in Hugo Chavez's Venezuela.
Article: Congresswoman threatens to nationalize oil industry Maxine Waters warns Shell president in House committee hearing:
http://web.archive.org/web/20090116083410/http://www.wnd.com/index.php?fa=PAGE.view&pageId=65111
If algore was really concerned about global warming, he would be living in a modest 3500 sq. ft. mansion, and flying commercial.
It is good to be King.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.
