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Pelosi’s Big Wind

House Speaker Nancy Pelosi recently called congressional Republicans who want up-or-down drilling votes “hand maidens of the oil companies.” Let’s call Pelosi what she is: House girl of the Big Wind boondogglers.

Though she seemingly backtracked on labeling drilling a “hoax” this week, Pelosi refuses to consider GOP energy proposals that don’t include massive government subsidies for so-called eco-alternatives that have never panned out.

Which brings us to Madame Speaker’s 2007 financial disclosure form. Schedule III lists “Assets and ‘Unearned Income'” of between $100,001-$250,000 from Clean Energy Fuels Corp. — Public Common Stock.

As reported on dontgomovement.com, Speaker Pelosi bought between $50,000 and $100,000 worth of stock in Pickens’ CLNE Corp. in May 2007 on the day of the initial public offering:

“She, and other investors, stand to gain a substantial return on their investment if gasoline prices stay high, and municipal, state and even the Federal governments start using natural gas as their primary fuel source. If gasoline prices fall? Alternative fuels and the cost to convert fleets over to them become less and less attractive.”

CLNE also happens to be the sponsor of Proposition 10, a ballot initiative in Pelosi’s home state of California to dole out a combined $10 billion in state and federal funds for renewable energy incentives — namely, natural gas and wind.

Methinks Madam Speaker doth protest too much by calling others in the pocket of “big oil”, while she has vested interests in something else.

And what about the citizen Pelosi holds hostage to high gas prices? She won’t even allow a vote or debate on the issue, instead taking a vacation (but has time for TV interviews). Here’s a novel idea, get back to Washington and do your job.

Is it any wonder Congress under Reid/Pelosi has the lowest approval rating …. ever (in single digits) — much less than half of one of the most unpopular presidents ever. Pelosi has been saying Democrats have a plan to lower gas prices. Where is it? Will it materialize after her vacation? What is she waiting for?

So much for leadership. But of course, if someone has a financial interest in a certain outcome, nobody should be surprised if they don’t represent what the vast majority of citizens want.

Drill here, drill now, pay less.


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