Soros could seriously benefit from Obama's Natural Gas Push

Discussion in 'Politics' started by tinydancer, Jan 27, 2012.

  1. tinydancer
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    tinydancer Diamond Member

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    Obama has no shame. Unreal. This on top of Buffet benefiting from not allowing Keystone.

    But it's the conservatives who pander to millionaires. Riiiiiiiiiiiiiiiiiiiight.

    Oh you lying mother trucking bastards on the left. I swear I want to cyber slap any lib upside the head who makes me want to bazooka barf with "big oil " or any other "big jack shit" comment.

    Liberal thy name is hypocrisy.

    Check this out.

    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. CNBC analyst Jim Cramer said he “expects shares to absolutely explode” in the event the legislation were to pass.

    Jim Cramer made positive mention of Westport, calling it a solid play on natural gas should Congress pass its pending Natural Gas Act. Westport converts diesel engines (i.e. – those found in semi trailers) into ones that run on natural gas.

    Benefiting Westport is that it’s: A) basically first to the market, at least in terms of mass production, and B) high barriers of entry for competition because of the complex technology involved in the transformations.

    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).

    Soros has given $384,090 to the Democratic Party, Democratic PACs, and Democratic Candidates in the three election cycles beginning in 2008, including $4,400 to Obama himself, according to the Center for Responsive Politics. He describes himself as “an early supporter of Barack Obama, first in his Senate campaign in Illinois and later when he ran for President. Soros supported Obama in his presidential bid because he believed he could provide the transformational leadership the country needed.”


    Soros May Benefit From White House's Natural Gas Proposal
     
  2. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    Is there anything Obama does that Soros doesn't benefit from? Who do you think Owns Obama?
     
  3. Mr. H.
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    Mr. H. Diamond Member

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    This is very interesting.

    While I believe wholeheartedly in NGV's, I don't believe in such "incentives".

    Soros is a bit player and a huckster. Fuck him.

    Regarding Buffet and Keystone- that's conjecture at this point.

    Westport may rise on such speculation, but it will ultimately fall on reality.
     
  4. Stephanie
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    Stephanie Diamond Member Supporting Member

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    [​IMG]
     
  5. konradv
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    konradv Gold Member

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    Politics of envy? Couldn't you just buy some shares, yourself? How is this different from how Mitt makes his money, now that he isn't an active takeover capitalist?
     
  6. konradv
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    konradv Gold Member

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    Oh yeah, almost forgot! Quit whining and SUPPORT PUBLIC FINANCING OF ELECTIONS.
     
  7. uscitizen
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    uscitizen Senior Member

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    Seems like they are all alike.
    Do you think that Bush's supporters did not benefit from his policies?
    Do you think that Newt's supporters would not benefit from his policies should he become president?
     
  8. editec
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    editec Mr. Forgot-it-All

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    I don't know a single LEFTIE who believe that it's ONLY conservatives who pander to the wealthy.

    Fact is, I don't even know any partisan DEMS who are THAT STUPID.
     
  9. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    Yeah that makes sense, let's shift control from Soros to corrupt politicians.

    Wouldnt the more appropriate solution be: STOP SUPPORTING CORRUPT PEOPLE?!?
     
  10. California Girl
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    California Girl BANNED

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    So you have not come across rdean or truffmocker here?

    How odd.
     

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