Thursday, June 25, 2009

So Pelosi will profit from cap & tax...

Anybody surprised?
Pelosi, of course, is not the only member of Congress to own significant shares of energy companies. Senators and representatives from all over the country do, not just the "oilies" from energy states like Texas, Oklahoma and Louisiana.

But as House Speaker, Pelosi's ownership of an unknown number of shares in the Clean Energy Fuels Corp. (CLNE) valued at between $15,000 and $50,000, may deserve particular attention.
Pelosi will profit because OWM will boost the price of natural gas on the market. This is because natural gas burns with significantly less carbon emissions than other fossil fuels. For companies trying to get under OWM limits for greenhouse gases emissions, burning more natural gas instead of, say coal, will be a no-brainer. That will drive up demand for natural gas, which in turn will create upward price pressures

Link found at Instapundit

1 comment:

Anonymous said...

Kind of like the labor bill she supported that exempted the Dole company's laborers in Guam(?).
Dole being headquartered in her district.