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August 12, 2008
Pelosi's Getting Rich Off High Gas Prices
Posted by Dave Blount at August 12, 2008 6:53 AM
There's more to Nancy Pelosi's dogged opposition to letting Americans drill our own oil than the slavish devotion to environmental extremists we've come to expect of the Dems. Like T. Boone Pickens with his dreams of vast forests of taxpayer-subsidized windmills and cars running on natural gas, Pelousy stands to make a pretty penny off alternative energy boondoggles.
As reported by Michigan Taxes Too Much, Pelosi has invested heavily in Pickens's Clean Energy Fuels Corp, which provides natural gas as an alternative fuel. (See page 7 of her Financial Disclosure Statement.)
The higher Democrats can force gasoline prices with their drilling restrictions, the richer those will get who have invested in Pickens's operation. Whereas if gas prices fall, so does the value of Pelosi's stock.
Hat tip: #dontgo Movement; on a tip from Burning Hot.
