President Barack Obama pitched a plan on Thursday to boost U.S. use of natural gas and open more land for drilling during a campaign-style tour.
Obama called the United States "the Saudi Arabia of natural gas" and said developing its reserves would create U.S. jobs and provide cleaner, cheaper energy to American consumers.
George Soross hedge fund holds 3,160,063 company shares of Westport Innovations, a company that converts diesel engines to natural gas.
Obama's refusal to allow the Keystone project to go forward is helping another 1%er, Warren Buffet. Mr. Buffetts Berkshire Hathaway Inc. owns Burlington Northern Santa Fe LLC, which is among the railroads that would transport oil produced in western Canada if the pipeline isnt built.
Add that to the long list of rich folks Obama policies have been helping....GE's CEO Jeffery Immelt, GM's CEO Dan Akerson, and various bankers around the world.....it seems Obama is making 1%ers rich at the same time he's castigating them as a whole in public.
Fact is his class-warfare is totally bogus. While he's calling for higher taxes on the rich he's helping them behind closed doors.
Links
Soros May Benefit From White House's Natural Gas Proposal
Buffett would profit from Keystone cancellation - Washington Times