But if natural gas is an already cheap and abundant source of energy, why would we subsidize it? The answer may be found with the Soros Management Fund, which is Soros' investment vehicle, owns more than $90 million of shares in a Vancouver, British Columbia company which produces the same natural gas-powered engines which the act would encourage the use of. Soros has personally donated $5,000 to the act's co-sponsor Rep. Nita Lowey of New York and his family donated $121,000 to the Democratic Senatorial Campaign Committee, while the lead sponsor of the act, Senator Robert Mendez of New Jersey, was chairman. This is in addition to the countless (and often untraceable) millions of dollars Soros pours into Democratic campaigns through the activities of his non-profit organizations and political committees.
Natural gas is a valuable and commonly used fuel. But it is not a silver bullet to our nation's massive energy conundrum. And just like wind, solar, and nuclear, it should be left to succeed or fail based on private market forces. Government should not have the legal authority to hand your hard-earned dollars over to a private industry, just because a handful of politicians think they have the right to make decisions about what energy consumers use.
We have seen the costly errors of government manipulating energy markets, and Obama must not allow wealthy activists to profit at the expense of taxpayers. Conservatives should oppose the NAT GAS Act and other measures that give one specific fuel a distinct marketplace advantage over others.
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