Thursday, August 21, 2008

Pelosi And The Big Wind Boone-Doggle House Speaker Nancy Pelosi recently called congressional Republicans who want up-or-down drilling votes "handmaidens of the oil companies." Let's call Pelosi what she is: House girl of the Big Wind boondogglers. Though she seemingly backtracked on labeling drilling a "hoax" this week, Pelosi refuses to consider GOP energy proposals that don't include massive government subsidies for so-called eco-alternatives that have never panned out. Which brings us to the Speaker's 2007 financial disclosure form. Schedule III lists "Assets and Unearned Income" of between $100,001-$250,000 from Clean Energy Fuels Corp.-Public Common Stock. Clean Energy Fuels Corp. (CLNE) is a natural gas provider founded by T. Boone Pickens. As reported on dontgo-movement.com, Speaker Pelosi bought between $50,000 and $100,000 worth of stock in Pickens' CLNE Corp. in May 2007 on the day of the initial public offering: "She, and other investors, stand to gain a substantial return on their investment if gasoline prices stay high, and municipal, state and even the federal governments start using natural gas as their primary fuel source. If gasoline prices fall? Alternative fuels and the cost to convert fleets over to them become less and less attractive."....

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