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Nancy in the pocket of Big Wind?

Discussion in 'Political Zone' started by Doomsday101, Aug 14, 2008.

  1. Doomsday101

    Doomsday101 Well-Known Member

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    My syndicated column today looks at Do-Nothing Nancy’s financial interests in pushing T. Boone Pickens’ quixotic Big Wind dreams, as spotlighted here, at #dontgo, and first by Jason Gillman at Michigan Taxes Too Much. More from #dontgo here.

    I’ve mentioned Pickens’ backing of Proposition 10 in California. There’s another another eco-boondoggle on the ballot as well. Proposition 7 has been nicknamed the “Big Wind” ballot measure; it would “California utilities to procure half of their power from renewable resources by 2025.”

    Related item of snortworthiness: Nancy Pelosi…Washington “outsider.”

    ***
    Pelosi and the Big Win Boone-doggle
    by Michelle Malkin
    Creators Syndicate
    Copyright 2008

    Pelosi and the Big Wind Boone-doggle

    House Speaker Nancy Pelosi called congressional Republicans who want up-or-down drilling votes “hand maidens 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 eco-fantastical alternatives that have never panned out.

    Which brings us to Madame 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. is a natural gas provider founded by T. Boone Pickens. Yep, that T. Boone Pickens– former oilman-turned-wind power evangelist whose ads touting a national wind campaign are now as ubiquitous as Viagra promos.

    Pickens and Pelosi now share the same talking points downplaying the need to drill and open up more access to American oil. Instead, the Pickens pie-in-the-sky plan campaign proposes to completely replace natural gas with wind power in power generation and theoretically free up natural gas for America’s transportation needs.

    All well and good in la-la land. But let’s be real about the limitations and costs of wind power. Past and ongoing experience has demonstrated the notorious unreliability of wind and the miserably low operating capacity of wind power facilities here and around the world. Depending on wind requires supplemental fossil fuel plants as back up to be turned on and off to compensate for wind power supply shortfalls– nullifying any reductions in carbon dioxide emissions (which are miniscule, according to the National Academy of Sciences).

    Not to mention the thousands of sliced-up birds and other wildlife that have become wind power casualties (a problem that scientists say would be solved by “repowering” old turbines at a cost of untold billions).

    Fittingly, the environmental mascot of the Democrat National Convention– the showcase of their alternative energy approach — is an eastern Colorado wind turbine propped up with Democrat carbon credit funds that has never produced any energy because of chronic equipment malfunctions.

    But I digress.

    Naturally, the Pickens Big Wind plan is proudly endorsed by Do-Nothing Pelosi’s friends at the obstructionist Sierra Club. Through another company, Mesa Power, Pickens has committed upwards of $12 billion in wind farms on the Texas panhandle. CEFC and Mesa Power are separate entities. But what benefits one piece of the Pickens puzzle benefits them all. The wind venture, as Pickens himself acknowledges, depends on permanent federal subsidies.

    Pickens is banking on ‘em. And Pelosi’s banking on him.

    As reported on #dontgomovement.com, Speaker Pelosi bought between $50,000 and $100,000 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 becomes less and less attractive.”

    CLNE also happens to be the sponsor of Proposition 10, a ballot initiative in Pelosi’s home state of California to dole out a combined $10 billion in state and federal funds for renewable energy incentives. Namely: Natural gas and wind.

    Follow the money. Or, to put it in economist terms as energy analyst Kenneth Medlock III did in an interview with the Dallas Morning News about the Pickens multi-billion wind farm investment: “A lot of what he’s trying to do is add value to a stranded asset…he’s obviously got millions of dollars on the line.”

    And so, potentially, does the Democrat Speaker of the House windily wagging her finger at the financial motivations of others.
  2. AtlCB

    AtlCB Active Member

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    Can we call her a windbag, then? :lmao2: :lmao2: :lmao2:
  3. AtlCB

    AtlCB Active Member

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    McCain and Obama are also on the wind bandwagon. We can chop up a few more birds. :rolleyes:
  4. Doomsday101

    Doomsday101 Well-Known Member

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    I can think of a few other things to call her. :)
  5. Doomsday101

    Doomsday101 Well-Known Member

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    This does help explain why Nancy has been so adamant about not drilling, she has her personal money and special interest donations riding on the outcome.
  6. BrAinPaiNt

    BrAinPaiNt Bad Santa Staff Member

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    What politician does not have money interest in one or the other...or possibly both?

    Not saying two rights make a wrong so don't take it that way.

    John McCain was against off shore drilling. Then after getting a huge bump increase of donation from big oil he changed his tune.

    Obama was against off shore drilling. Now I bet money he too has gotten an offer of a big bump in money from the oil company.

    Sure the public outcry of high prices come into play, but never discount the power that special interest groups and corporations like big oil play into the system.
  7. Doomsday101

    Doomsday101 Well-Known Member

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    McCain is not speaker of the house he does not determine what the house is allowed to debate or vote on Nancy is. She would not even allow a debate to take place, she talks about the 13 energy bills that the Republicans would not go along with however she fails to say that not 1 of the 13 Bills included drilling.
  8. BrAinPaiNt

    BrAinPaiNt Bad Santa Staff Member

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    Yes I know...he takes money and does a 180 but he is not to blame for anything like being bought off by corporations.:cool:

    And you are right, he is not the speaker of the house, however he could become the president.
  9. Doomsday101

    Doomsday101 Well-Known Member

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    When gas went over 4 dollars a lot of people changed their tune including many Americans as the polls would show a major change in their views on drilling off shore and McCain was one of them.

    I also have no doubt that Obama starting to change his tune as well as some other Democrats have has heck of a lot to do with the poll numbers when 75 percent of VOTERS in an election year are demanding it.

    McCain still opposes drilling in ANWAR and chances are the price at the pump will have to get a lot higher before some including McCain change their mind on ANWAR.

    If McCain was in the pocket as you accuse him then I find it strange that ANWAR is still off limits.
  10. BrAinPaiNt

    BrAinPaiNt Bad Santa Staff Member

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    Oil and gas industry executives and employees donated $1.1 million to McCain last month -- three-quarters of which came after his June 16 speech calling for an end to the ban -- compared with $116,000 in March, $283,000 in April and $208,000 in May.

    Now...I don't know about you, but I would say that is a payoff that just happened to coincide when he changed his mind on off shore drilling.

    Oddly enough I imagine big oil is not too worried about anwar if they get offshore drilling. They know they can get that one later if they get this one now.

    But that's ok...because nancy is the only one on the hill getting payoffs and doing things for big corporations.:laugh1:

    McCain and Obama would never do such things.
  11. Doomsday101

    Doomsday101 Well-Known Member

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    As I said I don't see McCain saying open ANWAR where the oil companies would love to be able to go. As for both McCain and Obama they are running for office and with 75% of the voters hollering for drilling to take place I think the pressure has been put on them by the voters to drill.
  12. Jarv

    Jarv Loud pipes saves lives. Zone Supporter

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    Brain, where did you get those numbers from ? I would be very interested to what BOTH SIDES are getting in donations and from whom. Can you help me out bro ?
  13. BrAinPaiNt

    BrAinPaiNt Bad Santa Staff Member

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    Some link from google. Don't remember what site it was from.

    I originally saw it from a post on Fark.
  14. BrAinPaiNt

    BrAinPaiNt Bad Santa Staff Member

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    And you still refuse to see that there is a good chance that McCain got paid a little extra to change his mind.

    Furthermore...as I noted in my post. If big oil can get off shore drilling now, they can get anwar later and if they want it later, I am sure they can just send a donation to whoever is sitting as president and would not be shocked if they magically change their minds at that time.
  15. Doomsday101

    Doomsday101 Well-Known Member

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    Let me add this is not just contribution given to Pelosi that is troublesome it is the fact she has money invested in this company as a stock holder she has a vested interest in the company to succeed and as Speaker of the House she is calling the shot in the House of what comes before them and up to this point will not even allow debate to take place let alone a vote.
  16. Doomsday101

    Doomsday101 Well-Known Member

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    I think the pressure of the voters is playing the part McCain can't do jack for the oil company if he does not win. I think the more and more democrats are putting pressure on Pelosi because their seats could be a stake if they can't come to an agreement on off shore drilling. So no I don't think McCain or Obama having a change of heart on off shore drilling is because they have somehow been bought off. In Pelosi case she is an investor in a company that is currently looking for and getting subsides from the Government and is pushing for it with the weight of her office while turning away from other sources of energy that we all use.
  17. BrAinPaiNt

    BrAinPaiNt Bad Santa Staff Member

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    Well we can agree to disagree. I just know that someone does not get a huge bump up in money from a corp like McCain did without making some kind of deal. But if you don't think so...that is on you.
  18. Doomsday101

    Doomsday101 Well-Known Member

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    And you want to be jaded and think everything is crooked that is on you. I'm not attacking Obama or any other Dem who may have a change of heart on off shore drilling especially when the price at the pumps are so high and is having an effect on the economy. What I question on Pelosi is the fact she is a stock holder and it is in her best interest to not have more oil on the market
  19. Viper

    Viper Active Member

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    I'm all for wind, would like to see solor farms in the desert too. Build Nuclear power plants, develop fuel cells and hydrogen. Push to see how far we can develop a magnetic motor. I would like to see us seriously develop all of them.

    Develop cars with higher MPG, find a better battery. I do believe we are close, but we aren't quite there yet. It may be we have to settle for all of the above in the end.

    All of it doesn't take away from the fact, we are sending billions of dollars to people that hate us. We need to drill, while we develop better or improved alternatives.
  20. BrAinPaiNt

    BrAinPaiNt Bad Santa Staff Member

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    Yep...to me it is give it all a chance and don't just try to rely on one thing. The government needs to get it's collective head out of it's arse and work on this together.

    Not try to stall a vote, not try to only propose one thing or the other, not to threaten to stop government or any other thing these people are doing right now.

    Take out the ego, take out the greed and for once, actually serve the people and put your party and agendas to the side.

    I know one will want to blame the other because that is politics as usual, but this is time to put that petty crap to the side.

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