Soros could seriously benefit from Obama's Natural Gas Push

Good to KNOW the jobs the right was worried about will not make a dent because this will create jobs in the transport industry.

See guys its OK to make money and save the planet too
 
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

This is completely silly.

First, George Soros isn't actively running money anymore. People pick stocks for him. My guess is that he doesn't know what is in most of his portfolios. Second, Soros Fund Management runs a variety of strategy and owns hundreds and perhaps a thousand stocks. He owns far more oil stocks that would be hurt by this nat gas car. And third, what he gains is relatively small for the firm. The firm's stake in Westport is worth roughly $121 million. Soros Fund Management manages roughly $20 billion. IOW, Westport accounts for roughly 0.6% of the firm's total assets.

I've seen journalists do this repeatedly. I don't know why it surprises me, but it always does.
 
Natural gas was invented by communists, true story, real capitalists use coal powered steam engines.
 

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