Soros may benefit from White House’s natural gas proposal

posted by
January 31, 2012
Hawaii Reporter
by Lachlan Markay  
Posted in Commentary

"George Soros, a billionaire investor and major backer of President Obama, stands to reap a windfall from legislation promoting natural gas-powered vehicles. The White House unveiled a proposal on Thursday that would do just that. The proposal would offer incentives for companies to buy and use trucks powered by natural gas. Obama announced the effort at a UPS facility in Las Vegas that received stimulus funding to buy natural gas vehicles and build a fueling station for them." (01/30/12)

http://tinyurl.com/747bkfc  
  • Dear Rationalreview,

    Thanks for the above, “The Obama Administration is financing oil exploration off Brazil.

    The U.S. is going to lend billions of dollars to Brazil’s state-owned oil company, Petrobras, to finance exploration of the huge offshore discovery in Brazil’s Tupi oil field in the Santos Basin near Rio de Janeiro. Brazil’s planning minister confirmed that White House National Security Adviser James Jones met this month with Brazilian officials to talk about the loan.”

    http://online.wsj.com/article/SB10001424…

    I know the Soros is the bogeyman of the right, but his top holdings are in Petrobras.

    http://www.gurufocus.com/news.php?id=577…

    He’s made quite a bit already on this stock and took some earnings.

    My question is why is a liberal-stop-global warming president giving money for drilling down south? If it’s so wrong to expand it in America, why lend it down south, where one of your biggest political allies is deeply benefiting from it?. This stock is one of George’s highest holdings.

    Remember I’m not asserting anything, I’m just wondering what I’m getting wrong. It just looks incredibly wrong.

    Thx.

Our Sponsors