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Wednesday, August 13, 2008
Michelle Malkin :: Townhall.com Columnist
Pelosi and the Big Wind Boone-doggle
by Michelle Malkin
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Naturally, the Pickens Big Wind plan is proudly endorsed by Do-Nothing Pelosi's friends at the obstructionist Sierra Club. Through another company, Mesa Power, Pickens has committed upward of $12 billion in wind farms on the Texas panhandle. CLNE and Mesa Power are separate entities, but what benefits one piece of the Pickens puzzle benefits them all. The wind venture, as Pickens himself acknowledges, depends on permanent federal subsidies.

Pickens is banking on 'em. And Pelosi is banking on him.

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.

Follow the money. Or, to put it in economist's terms as energy analyst Kenneth Medlock III did in an interview with The Dallas Morning News about the Pickens multibillion dollar wind farm investment: "A lot of what he's trying to do is add value to a stranded asset he's obviously got millions of dollars on the line."

And so, potentially, does the Democratic Speaker of the House -- all the while wagging her finger at the financial motivation of others.

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About The Author

Michelle Malkin makes news and waves with a unique combination of investigative journalism and incisive commentary. She is the author of Unhinged: Exposing Liberals Gone Wild .

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©Creators Syndicate
Why is this not getting more press?
This is insulting. Pelosi continues to push wind as an alternative to oil (though my car has yet to find a windmill that works) while she is benefiting from it. We used to call that conflict of interest. She should either have to divest herself of Boone Picken's stock or resign from Congress. Personally, I'd prefer the latter.

FedUpEditor
http://www.FedUpNetwork.com

Madame Windbag meets Sir Windbag
If you want to know what the two windbags pushing wind power are really all about, apply Rush logic used over the years where politicians in cahoots with corporate types is concerned. FOLLOW THE MONEY TRAIL.
T. Boone Pickens, oil man extraordinaire turned Don Quixote has lots of it and Madame Pelosi, his Sancho Panza wants as much as she can get before 'We the people . . .' figure out she heads one of the biggest and most profitable houses of prostitution in the nation at our expense . . . political prostitution that is.
If the polls are right about the kind of CHANGE the American people really want, the present do nothings in Washington will be going into a head spin after Election Day, which hopefully they will crash and burn never to return. . . to include the two do nothings running for the White House.

The Turban Torpedo
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