Soros Making More Cash With Congress
by Capitol ConfidentialAs the Administration’s push for alternative fuels grows stronger, Congress is set to consider H.R. 1380, which would create very generous tax credits to manufacturers who retrofit existing work vehicles to run on natural gas rather than on that terrifying global menace known as oil, and very generous subsidies to natural gas vehicle consumers: $7500 per car and a whopping $64,000 for heavy-duty trucks and 18-wheelers. It’s common knowledge in DC that Texas hedge-fund operator and natural gas-magnate T. Boone Pickens is the force behind this bi-partisan, pork-laden legislation, possibly because his natural gas empire would greatly profit from the sudden influx of billions of taxpayer dollars in the form of subsidies listed in the bill.
But hidden behind the scenes is another multi-billionaire, one with a much more sinister motive than mere profit. A man who’s vast fortune of nearly $7 billion is being used to subvert nearly every American institution to conform with his dream of a worldwide socialist utopia.
George Soros.
According to the website GuruFocus, which tracks the investment habits and portfolio trends of some of the world’s richest people, George Soros has made some intrigiung investments into alternative fuel companies of late, specifically those at the forefront of natural gas. This would not be so troubling except that, as GuruFocus points out, Soros has accurately predicted both economic bubbles and quickly growing industries. As a result, Soros’s funds have turned out a 30% return on investments since their inception.
One of the stocks Soros invested in recently is Westport Innovations (WPST), a global supplier of “solutions” that allow vehicles to operate on clean-burning fuels, such as natural gas. In fact, they are the world’s leading engineer of natural gas engines. Westport is currently working with Caterpillar to develop a natural-gas powered engine that would work in a number of utility vehicles, all of which would be eligible for the subsidies Congress is now considering. Soros’s investment funds have pumped about $122 million into WPST, and he’s added to his control as recently as December and March, when he picked up over a million shares, bringing his total to 5.5 million shares.
No other major investor shares his rosy outlook for natural gas engines, and the stock has barely crept up during the time Soros has held it, leading many to suspect Soros knows of a major future development. Could that development be Congress’s NAT GAS act? It seems likely.
Many Republican legislators who once supported the bill have pulled their names and yes votes from the NAT GAS act, and we’d encourage still more. Not only is the bill a dramatic waste of taxpayer dollars for Chevy Volt-style technology, but it is a manipulation of the free market designed to help a billionaire who needs the public to accept his technology. It could cost Americans thousands of jobs as the resulting artificially high price of natural gas destroys the manufacturing industry and crushes consumer confidence. And, there is a high possibility that Congress’s masochistic desire to prop up flagging alternative energy sources could end up funding one of today’s greatest threats to American democracy.
Very little other convincing should be needed to drop the NAT GAS act like a hot engine.
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57 Comments
Soros should be eliminated.
Hmm, is there a way to somehow resurrect Joe McCarthy to go after comrade Soros?
Judging by the photo, Glenn Beck is absolutely correct – he is a SPOOKY DUDE!
Nothing like a little insider trading, eh Congress ???
Many in Congress have done some heavy investing themselves. Will the SEC investigate this bunch?
i have no problem with people or companies changing from gasoline, to natural gas. but! it should be done on its merits, not to steal more redistributed funds. if there is a savings from doing this, or some other benefit, that should be the only incentive for doing this, not stealing more tax dollars.
If George Soros is behind it, he WILL make money, but screw other investors out of theirs.
This man is evil and he thinks he's a god.
pump and dump. The "get out of oil" stampede will pass eventually, and comrade George will have dumped his natural gas stocks at a huge profit before it does.
No, No, No! No more subsidies. If it can't fly on it's own, it's not worth having.
His MO seems to be to initiate a viscous cycle and profit by it. Invest in organizations that use lies and deceit to promote self-destruction in a country. Preposition himself with investments that will profit from that. Re-invest the gains in more destruction. Repeat cycle.
Spooky dude indeed.
George Sorros LOOKS like he's full of natural gas…bloated and full of himself.
We could send him on a "mission to mars"….
evil looney toon fits as well…
$oRo$, natural gas, CONgress, tax breaks…. proving once again, that everything that is GREEN is RED!!!
WHAT A COUNTRY!!!
.
Soros and his cohorts need to be investigated and brought to account for anti-American activities. When do we convene a Committee to investigate Anti-American and anti-Constitutional activities which manipulate the quality of the lives of the American people? Soros has people all over America…..
If Soros ever invests substantially in GM, Chrysler, or FIAT, we'll know for sure, the fix is really in..
Subsidy nation…did I hear liberal loopholes ?
Perhaps the Nat Gas Act is poorly constructed but it is sheer ideological stubbornness to say that the Fed should not play a role in shifting demand from imported oil to a plentiful, domestic and cheaper source of energy. Somethings the free market can not do such as the Interstate System. I would not subsidize vehicle purchases since the lower cost is incentive enough. However, legislation is needed to help develop the roadside supply sources for OTR trucks . Yes, free enterprise will eventually achieve this but not until we have major and sustained oil crisis and then it will take years to accomplish. And yes this is a matter of national security because the more reliant we are on foreign oil, the more we have to spend on defense and put our military personnel in harm's way. Of course any intervention should be limited in time and money. I believe that, unlike solar and wind, this endeavor will be self sustaining in the long run. If this were not the case then I would concur with the laissez faire argument.
"Of course any intervention should be limited in time and money"
But there is the problem. As Reagan once said, the closest thing to eternal life we'll ever see on earth is a government program.
Of course government can employ incentives to the private sector to build a Nat Gas infrastructure. But it cannot include "subsidies" of any kind. And it doesn't have to be only "tax breaks" either. Simply removing the ridiculous regulatory burdens imposed by EPA would go a long way toward increasing private sector investment into the industry.
In fact, transferring most of the regulatory authority from the federal government to the States would probably produce far more advancement of our energy infrastructure than any amount of federal subsidy.
<sarc>That's it, we need to STOP drilling for oil this instant and START drilling for Natural Gas! Drill baby drill!</sarc> In all seriousness, does NOBODY see the hypocrisy in drilling for natural gas instead of oil? Let's go after both, since they're usually in the same place, and use each for the purpose it is best suited for.
George is fading. His pallor in the photo in the article is not very healthful in appearance. Photoshopped perhaps? Meh, maybe, but nonetheless, his eye sockets are beginning to deepen, and his skin texture has a very loose and wrinkled look to it. One can only hope that divine intervention may be close at hand. Unfortunately, he has more bastard children than the local feral tomcat. We can only hope they don't have the taste for the power ol' Georgie does.
If memory serves, some 40 years ago, I saw pickup trucks in northern CA fitted with tanks for propane. Engines ran cleaner, and oil stayed cleaner longer. Ergo, this is not anything new to the market place. This type of conversion has been around for a rather a long time.
http://www.autogaspropane.com/why_propane_auto.ht...
http://www.consumerenergycenter.org/transportatio...
The above links are but a few of the many. So if you're interested, search for a kit. However, it takes up lots of space in the trunk or truck bed. However it's a lot cheaper than gasoline. You can also get your fuel at your local propane dealer.
Hell's speed to Soros.
NAT GAS is the most promising fuel alternative to Oil. Now if this bill is a POS then pull it, clean it up and simplify it. Remove the pork and start over. We must promote NAT GAS, not pork and Soros. Soros will make money on NAT GAS no matter what bill is passed.
Soros is an evil bast^rd whose goals are exactly the same as the Islamists; the destruction of America. They are partners in a symbiotic relationship. The depredations of one benefits the other, and they both use our open system of government to advance their hideous goals.
His bastard children have been being groomed and a son sits on many of poppa's boards already.
Spoke about this for a looong time now. He makes his bones from FEAR, INSTABILITY AND INSECURITY which Obama has provided in spades! Wake the hell up America. THE boogyman is a billionaire who profits from the misery of others. Warren Buffet et al, take a bow.
So fracking will be embraced by the left any day now. I'm surprised all their heads haven't spun off yet.
"…Soros has
accurately predictedmasterfully manipulated both economic bubbles and quickly growing industries. As a result, Soros’s funds have turned out a 30% return on investments since their inception."Everybody eventually dies – may his day come soon…
People always b*tch that we need to "get the money out of politics"… You and I both know that can only happen if we get the power out of government…
I wonder if Soros will partake of ObamaCare when he has the need?
He (Soros) can be the first death panel victim..
But ol George will probably go to Switzerland where they cater to his type ..of rich NAZI..
"…it is a manipulation of the free market… It could cost Americans thousands of jobs as the resulting artificial
ly…price of (insert your choice here) …destroys the (insert your choice here) industry… And, there is a high possibility that Congress’s masochistic desire… …could end up funding one of [the] greatest threats toAmerican democracyour Republic."I chose "health care" (price of) "medical and insurance" (industries) and figured the "masochistic desire" was for more public employee "unions" to fund that greatest of threats to our liberties – the Democratic Party…
Try some of your own – it is fun!
Repeal the Law of Unintended Consequences – get the power out of D.C! LIMIT GOVERNMENT!!!
Bear in mind, Soros is bad, but the real threat to America presently sits in our WH.
As a rule, if George Soros is for it, I'm against it. There are other things besides money.
Does this man have a soul?? It must be black as night.
This man Soros has his hands in every nook and cranny of the govt, greasing his palms as much as possible along the way. His investments in the petro/gas market is just the tip of the iceberg. People will really fall over dead backwards once they learn how much farmland he has gobbled up all just since the looter-in-chief became president. He also controls the world's third largest agri giant. There is a lot of suspicion the U.S. Army Corps of Engineers in co-op with Obama's regime is responsible for the recent floods along the Mississippi River and its tributaries in order to destroy precious farmland and compel the farmers to sell their land to the govt as well. Look for Soros to come away with a buy back soon, or not. It can't be denied the govt seems to be hording a lot of valuable land the past two years.
Soros spelled foward or backward spells EVIL.
This is better left to the private sector. If there is a profit to be made, and demand for the product, they will come up with the technology. No MORE picking winners and losers by the Congress on our dime.
George "I was a Teenage NAZI" Soros is evil personified.
I'd still like to know how San Fran Nan doubled her personal fortune in the last few years. Insider knowledge, perhaps?
It is, that's the Blackest Night Green Lantern was talking about.
Anyone who thinks Soros has involved himself in American government for altruistic reasons is a simpleton. Soros is for Soros and is using the dupes in Washington to make him ever wealthier.
In theory this should go no where because Obama doesn't want to give tax breaks to the rich who should be paying their fair share. Oh I forgot Obama will call this necessary investment.
Walter Hanson
Minneapolis, MN
Puppet Master Soros, the most evil person on the planet.
Sux that he will never be held legally accountable for the damage he causes, he owns far too many parts of the machine, and far too many people.
Sore-A$$ admitted that he was a Capo during WW2. He fed Jews to Hitler's gas chambers in return for his own security.
We should all pray for his quick demise.
But his support comes directly from Satan so we need a lot of people praying. It can be done.
We could pray that he receives that "Pleasant" gas that another George (Bernard Shaw) wished were invented to rid the world of people that he did not like. Well, what's good for the goose is good for the gander.
cant wait for a Tea Party member to shove Obamas face in the hypocrisy.
T. Boone Pickens via her husband. Can't imagine anyone being married to her – I pity the man.
End these stupid subsidies. We all know that subsidies are just a way to funnel tax payer dollars. Let T Boone, and every other oil and gas company, pump all the gas they want to and let competition and plentiful supply set a fair market price. It will be cheap so that consumers will demand, car and truck manufacturers will produce, natural gas vehicles. No tax money or subsidies of any kind needed.
Capitol Confidential,
This is buried on page two of your thread. I hope you see this.
I got this video announcement yesterday from Boone Pickens, and saved it for such an occasion. You all, and the public need to view it. I know the Pickens Plan. I was one of the first hundred people who signed up on his website on July 8, 2008. I like technology, and I make it my business, to watch what smart folks are doing. Incidentally, it was the first time I heard about "Twitter". Old Boone was "Tweeting" and "Twittering" his way through the hallowed Halls Of CONgress, as well as making the rounds with his dog and dead pony show on CNBC. CNBC was proudly shilling for him
Here is Boones update http://www.pickensplan.com/boonecam/2011/07/07/pi... .
He is a pretty good oilman, but he missed his true calling. He is a shameless promoter, and would make P.T. Barnum proud!
I have seen this portfolios –
I do not believe any thing he posts – I feels these are just a con – a trap to get get a small investor to do something so he will profit first.
Do not trust this Anti American Ulla Liberal
I'd so like to help him have a high-speed meeting with an axe handle or a tire iron.
using natural gas as fuel…
soros – a fly feasting on a pile of sh!t
Time to cash the Soros creature OUT.
When the contract goes out, I'll be bidding on it…
Anybody got a match?
I'm all for cutting off all tax credits and restructuring the US Tax Code.
The ability to tax and to not tax is how Congress retains their power.
Arrest this man.
If really had a billionaire that was working for a social utopia, I would back him. The fact is we don't. If we did have one then billions would be invested in community building and empowerment, not making more money. Soros is just like any #Kochsucker. There is not religion, politics or pleasure for them except money and power. If you want to twist it otherwise for your own purpose, then you become nothing more than their tool.
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