Blogosphere on Pickens plan

iVillage Member
Registered: 05-29-2003
Blogosphere on Pickens plan
9
Wed, 08-13-2008 - 1:19pm
I think I'd do more research on this ..
Nancy Pelosi Invests In Energy Scheme and Water Grab By T. Boone Pickens

August 11, 2008


Pickens Pelosi


UPDATE 8/13/08 9:28 AM While the media continues to ignore this issue, the blogosphere is starting to pick up on it and get the word out! What we are witnessing my friends is the new media burying the old media!! KEEP COMING HERE to read more!


UPDATE 8/12/08 2:16 PPM
The initial offering may have been only 22,000 or so shares, but according to a Yahoo news item: Item 8.01. Other Events.


On June 19, 2007, the Company issued a press release announcing that the underwriters of the Company’s initial public offering have elected to exercise in full their option to purchase an additional 1,500,000 shares of the Company’s common stock to cover over-allotments. A copy of the press release is attached as Exhibit 99.1 to this report and is incorporated herein by reference.


This means that Pelosi could have purchased around 20,000 shares at $3.86, or $50,000 to $100,000 worth, which are now worth 300% more than their original value.


Nancy Pelosi says that she is trying to save the planet and prevent global warming, but the reality is that, according to disclosure statements, in May 2007 she invested in T. Boone Picken’s clean energy fuels corp., CLNE, which is the sole sponsor of a proposal in California to funnel $5 billion in state funds and $5 billion in Federal funs to this corporation which will indirectly help them create a giant wind farm in the Texas panhandle.


An overlooked story in November of 2007 shows that the T. Boone Pickens plan involves the private control of water, which Pickens wants to be able to sell to big cities via giant water pipelines which will be built on land seized under eminent domain.


How did he do this? He did this by pushing through a “water district” which consists of only 8 acres of land and then applying eminent domain to expand that district and seize land from local ranchers which, in the end, puts vital water resources under his private control.


The Sierra Club, which you might think has an opinion that means something to Nancy Pelosi who just wants to “save the world”, had this to say, “We have real concerns about private control of water,” said Ken Kramer, director of the Texas Sierra Club. “Water is a resource, yet in some respects it is a commodity. It’s as essential to human life as air. That puts water in a different class.”


Pickens plans to sell 200,000 acre-feet from parched West Texas Staked Plains annually. His plan is opposed by water policy planners as economically infeasible. This extensive extraction will affect natural spring flows and the rural Texas Panhandle communities that depend on that water. It will also adversely affect family farming and sustainable development from Texas to South Dakota, according to opponents.


Pickens needs money and he has not been able to find investors to pay for a $110 Billion Bond he wants his new “water authority” to issue, therefore he is piggy-backing the windmill plan on to the water infrastructure development plan to use the money obtained for the wind farms in order to pay for the water infrastructure, which was his original goal.


While these plans were in the works as of November 2007, with the creation of this “water district”, the energy company, CLNE, was offered for public investment in an IPO in May of 2007, an IPO that was not advertised, but which resulted in Nancy Pelosi quickly jumping on board. Nancy Pelosi Purchased between $50,000-$100,000 in CLNE stock on May 25, 2007 apparently on it’s initial public offering.


It is hard to tell if the water scheme is the device being used to seize the land or if the wind turbine scheme is the means by which he will fund the water scheme, but no matter what the case may be, Nancy Pelosi will personally profit from whatever he does as an investor.


Nancy Pelosi is one of the richest members of Congress with a net worth of over US$25 million, which comes primarily from investments a large portfolio of jointly owned San Francisco Bay Area real estate, and, now, of course, stocks in CLNE.


While the stock was initially offered at $14 and is now valued below that amount, the low of $10 in early July of this year is bouncing back, especially in light of ads by Pickens and growing consensus that the Pickens plan will gain support, especially if Pelosi is firmly behind it.


http://dontgomovement.com/2008/08/11/nancy-pelosi-invests-in-energy-scheme-and-water-grab-by-t-boone-pickens/

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iVillage Member
Registered: 05-29-2008
Wed, 08-13-2008 - 1:51pm

I've decided Pickens is a hack. You know...he gave a LOT of money to the swift-boaters a few years ago...and now (suddenly) he's on Gore's bandwagon?!?!


Doesn't make sense...


It's all about the cash. That's it.


I can't get behind his plan at all...and I'm SO not surprised that Pelosi would invest in it...


scumbags...all of 'em




Edited 8/13/2008 2:45 pm ET by conservamom5

MySweetPerm

iVillage Member
Registered: 03-28-2007
Wed, 08-13-2008 - 2:40pm

Based on some of Pelosi's other ethical shortcomings (steering contracts to her husband's construction company, for example) this doesn't particularly surprise me.


On a broader basis, remember, Pickins has vast natural gas holdings, so he'll profit from his scheme.


That said, any energy development (which doesn't come on the public nickel) is a good thing.

iVillage Member
Registered: 03-19-2003
Wed, 08-13-2008 - 2:50pm
All I keep hearing from people is that they want alternatives....but they don't want anyone making money on it.
iVillage Member
Registered: 05-29-2003
Wed, 08-13-2008 - 3:01pm

I think they should make money.. I am for a person making money.


Not for the Speaker of the House not allowing a vote and being on board sinking her money with Pickens.. can't trust the whole lot of 'em.

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iVillage Member
Registered: 09-08-2006
Wed, 08-13-2008 - 5:04pm

<

Pickens needs money and he has not been able to find investors to pay for a $110 Billion Bond he wants his new “water authority” to issue, therefore he is piggy-backing the windmill plan on to the water infrastructure development plan to use the money obtained for the wind farms in order to pay for the water infrastructure, which was his original goal.>>


The right wing bloggers that wrote this piece are really dancing on contradictions.

 

iVillage Member
Registered: 05-29-2008
Wed, 08-13-2008 - 5:40pm

Let me go on the record here and say I have NO PROBLEM with someone making money...and a LOT of it.


My problem is that Pickens seems to be a 'turncoat' of sorts. Going with whichever political party will best suit his needs at the time.


Get rich...that's fine. Have at it. But do you really have to join Al Gore's team to do it?!?!


I'm thinking not.

MySweetPerm

iVillage Member
Registered: 05-29-2008
Wed, 08-13-2008 - 5:41pm

>>>Not for the Speaker of the House not allowing a vote and being on board sinking her money with Pickens.. can't trust the whole lot of 'em.<<<


THANK YOU!


And this coming from the woman (Pelosi, not you) who says REPEATEDLY how the Republicans are in bed with the oil companies.


What's good for the goose is good for the gander.


Say that about the republicans...fine. But own up to it when you're doing the same thing on the other side.


Sheesh!


MySweetPerm

iVillage Member
Registered: 05-29-2008
Wed, 08-13-2008 - 5:43pm

I just saw a report where she has 'sunk' around $250,000 into this. It's on her returns.


I wouldn't say that's zero credibility.

MySweetPerm

iVillage Member
Registered: 09-08-2006
Wed, 08-13-2008 - 7:35pm

First, if Pelosi truly invested in CLNE it does not prove that she endorses privatization of water- heading of article- "Nancy Pelosi Invests In Energy Scheme and Water Grab By T. Boone Pickens".