George Soros Stands To Profit Mightily From Obama’s Natural Gas Plans
Is it just me, or does it seem like every one of President Obama’s energy policies are carefully calculated to benefit his cronies? His “green jobs” stimulus loans (see: Solyndra) have gone to his cronies. When Obama nixed the Keystone XL pipeline that mean oil from North Dakota’s Bakken shale oil boom would have to rely more heavily on rail transport from providers like Burlington Northern which Warren Buffett’s company just bought.
Now it turns out that Barack Obama’s new natural gas program is set to put a lot of money in George Soros’ pocket:
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.
The proposal is remarkably similar to the New Alternative Transportation to Give Americans Solutions (NAT GAS) Act.
One company that stands to benefit handsomely from the president’s proposal is Westport Innovations. The company converts diesel engines to be fueled by natural gas. Wall Street analysts predicted a boom for the company if the NAT GAS Act were passed. …
If Westport reaps the predicted windfall, one of the chief beneficiaries will be George Soros, a major Obama donor and supporter. Soros’s hedge fund holds 3,160,063 company shares (as of its last SEC filing).
All just a coincidence, I’m sure.Tags: Barack Obama, george soros, natural gas, warren buffett