Guess Who Stands to Benefit From President Obama’s Push for Natural Gas?
- Posted on January 27, 2012 at 1:45pm by
Becket Adams
- Print »
- Email »
“President Barack Obama pitched a plan on Thursday to boost U.S. use of natural gas and open more land for drilling,” Reuters reports. At one point, the president even referred to the U.S. and the “Saudi Arabia of natural gas.”
The president stressed the need for the U.S. to develop natural gas reserves because it would create jobs and provide “cleaner, cheaper” energy to American consumers.
The president also called attention to the booming natural gas sector, which has grown dramatically in recent years as advances in technology have unlocked vast new reserves, according to Reuters.
“Even if we tapped every drop of domestic oil, we‘ve only got 2 percent of the world’s oil reserves,” the president said on his “campaign-style” tour. “We’ve got to have an all-out, all-of-the-above strategy, develop every available source of American energy.”
However, thanks to Lachlan Markay of The Heritage Foundation, there may be more to this story than the president’s alleged desire to create jobs, increase energy independence, and provide “cleaner, cheaper” energy.
First, as Heritage notes, the proposal is “remarkably similar” to the New Alternative Transportation to Give Americans Solutions (NAT GAS) Act. Secondly, as part of the White House’s proposal, incentives would be offered to companies to buy and use trucks powered by natural gas.
What does this mean?
“One company that stands to benefit handsomely from the president’s proposal is Westport Innovations,” Markay reports. “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.”
In fact, 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.
Here’s the clincher: George Soros’ hedge fund holds 3,160,063 shares in Westport Innovation Inc. (as of its last SEC filing).
If Westport reaps the predicted windfall, George Soros will be one of the chief beneficiaries. That is to say, he will make a boatload of money if the president is successful in his push for natural gas.
But maybe the fact that Soros stands to benefit from the president’s clean energy pursuits is purely coincidental.
On the other hand, perhaps the fact that 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 President Obama himself, makes this much more than coincidence.
Popular Stories
Does Misstated Marathon Claim Prove Paul Ryan Is Dishonest? (POLL) 692 Comments
Paper Details Obama Admin’s Alleged Secret Note Sent to Iran: If Israel Attacks, We Won’t Get Involved 496 Comments
Obama: RNC Like Watching ‘Black-and-White TV’ Because Romney ‘Did Not Offer a Single New Idea’ 375 Comments
Roseanne Barr: Most Billionaires ‘Violent Pedophiles’ & ‘Heartless’ Cocaine Addicts 347 Comments
‘Made Up Religion’: TV Historian Enrages Muslims, Receives Threats After Producing UK Documentary Questioning Islam’s Beginnings 332 Comments
Faith
This Is the Creationists‘ Response to Scientist Bill Nye’s Viral Pro-Evolution Video Claiming They Harm Children 316 Comments
Pakistani Muslim Cleric Accused of Framing Disabled Christian Girl in Koran-Burning Case Read More- ‘Made Up Religion’: TV Historian Enrages Muslims, Receives Threats After Producing UK Documentary Questioning Islam’s Beginnings 332 Comments
Meet the Controversial German Imam Accused of Brutally Beating His Wife & Pushing Sharia Law Read More
‘Self-Proclaimed Messiah’ & Unification Church Leader the Rev. Sun Myung Moon Has Died — Here’s His Life Story Read More
Business
President Obama Issues Major ‘Green Energy’ Executive Order 241 Comments- Germany’s Upcoming Court Ruling Will be Huge for the EU Read More
Ford Looks to Beat Toyota for Best-Selling Car in 2012 With This Model 148 Comments
Bernanke & QE3: Here’s What You Need to Know Read More- ‘Extortion’: Why Did the Labor Department ‘Drop the Hammer’ on Oregon Farmers? 302 Comments
Technology
- This Is the Creationists‘ Response to Scientist Bill Nye’s Viral Pro-Evolution Video Claiming They Harm Children 316 Comments
‘TaserDrone’: Hackers Weaponize Quadcopter With Actual ‘Shocking’ Technology Read More
Ever Heard of the Wild ‘Burning Man’ Festival in the Middle of the Nev. Desert? Here’s Your Primer Read More
Stanford Develops Technology ‘Better Than Steroids’ for Athlete Recovery Read More
Have You Pretended to Know What ‘the Cloud’ Is? You’re Not Alone Read More
Submitting your tip... please wait!
Comments (99)
WherdaPhukawe
Posted on January 27, 2012 at 3:43pmlet me see here- we have George Souros, immigrant who is the puppetmaster. Then the other guy Ruppert Murdoch and son- It’s them and the ultra rich who will bet their monies on the next big game of who can spend the most to buy their man for Prez. so let’s set the tone with the word no one wants to say anymore SIN- here‘s few if you don’t remember or one who has a life of these going on and would need some serious reconciliation: our purpose in this country is to follow our forefathers who wanted to educate and instruct followers concerning fallen humanity’s tendency to sin. The currently recognized version of the sins are usually given as wrath, greed, sloth, pride, lust, envy, and gluttony. Can anyone claim these right now in our country at the rate we are going? oh and what about those 10 commandments huh? anybody wanting to live a life for a few months strictly by abiding by those? Now that would be a reality show I would watch.
Hey and what about those SINS- that word has disappeared from lexicon – No one sins anymore right? we are all good sweet people- well You are wrong, EVIL Is here and ready to take over your life. It takes over those in power, those haters and those who stay home locked in a bedroom and see no sunlight and believe in vampires.
SIN- the demons around us:
Lucifer: Pride (superbia)
Report Post »Mammon: Greed (avaritia)
Asmodeus: Lust (luxuria)
Leviathan: Envy (invidia)
Beelzebub: Gluttony (gula or gullia)
Satan/Amon: Wrath (ira)
Belphegor: Sl
lillymckim
Posted on January 27, 2012 at 5:12pmPurely coincidental?
Report Post »Right…
Cake
Posted on January 27, 2012 at 5:22pmRegardless of Soros making money (hes going to make money regardless), Canada and the US really should swap to a CNG fueled vehicle standard. We have TONS of natural gas. Right now, natural gas is so worthless, its almost not economical to get out of the ground unless it is liquids rich. It is super cheap and would pretty much eliminate the need for imports from the middle east and Venezuela. Conversion is cheap on a gas vehicle, I think about 500-1000 dollars. The only thing is the lack of infrastructure at the moment to sustain fleets of vehicles.
Report Post »RayOne
Posted on January 27, 2012 at 10:49pmThe word Foolishness
Report Post »comes to mind,
I want to sue the federal government for destroying my automobile engine.
Changing to petrol was bound to adversely effect efficiency.
Worldsapart
Posted on January 27, 2012 at 11:38pmCake,
Report Post »I’m ignorant on the infrastructure thing. Why is it not in place? Is there something preventing Nat Gas from being pumped out of the same pumps that oil gas is pumped from?
peterusky
Posted on January 28, 2012 at 9:54amAmen & amen
Report Post »born again
fishmagnet
Posted on January 29, 2012 at 4:27pmSoros and many others will reap huge profits even if it is never passed because it makes sense for truckers to convert. I’ll buy stock in the companies which get contracts to build the infrastructure to get the gas to the trucks. By the way, I bet many fellow Republicans also will make a few bucks on this deal.
Report Post »Anamah
Posted on January 29, 2012 at 10:44pmThis people must be caught.
Report Post »bernbart
Posted on January 27, 2012 at 3:41pmMore acurately T, Boone Pickens. Of course many people who have investments have stocks investments in oil and gas. Only the very ignorant could not figure that out. The right’s obsession with Soros is much like their curious fascination with gay sex.
Report Post »michael48
Posted on January 27, 2012 at 5:40pmthe left’s facination with Koch and your mention of gayness ..in every post…hmmmm…live in a glass house , comrade????
Report Post »SoCaLCapitalist
Posted on January 27, 2012 at 6:33pmSorosis is his own worse enemy. He does interviews trying to show his brilliance when he is a complete clown. Sure he invested in the dark ages but now enough people know his game.
I’d hope when our dictator in training is voted out. Sorosis will be investigated by the SEC and his ill gotten gains will be seized. As long as our current douche is in charge Sorosis could be given immunity. Once he’s out Sorosis will hooefully get a nice island home in Guantanamo bay.
Report Post »lance
Posted on January 27, 2012 at 8:18pmmay god have mercy on you poor pathtic soul with that boneheaded statement.hate is wrong !
Report Post »this is a fact not fiction Soros is evil read one of his books ,he has a Godlike complex and is a trator to his own people FACT!
idarusskie
Posted on January 28, 2012 at 12:28pmwhy do you think Boon Pickens promotes wind power so much? Because wind needs natural gas backup to be useful. And Boon Pickens own a load of natural gas.
Report Post »SoCaLCapitalist
Posted on January 27, 2012 at 3:39pmSorry Evil dudes. I beat you to the punch on natural gas stocks. I’ve been buying for 3 years. You may have more shares but my percentage of return should soundly beat yours.
Blue horseshoe likes CQP, LNG, SRE, DTE, UIL,
Report Post »USAMEDIC3008
Posted on January 27, 2012 at 4:35pmWhat about all the stupid people that rushed out
Report Post »and put their life savings in Beano stock.
Talk about stupid, last week someone at the UN
ordered out for lunch, The Coke showed up but the pizza
never did .I wonder if he still has his job…………
momsense
Posted on January 27, 2012 at 3:25pmSoros should have been arrested and deported long ago.
Report Post »HKS
Posted on January 27, 2012 at 5:39pmLooks like old George has him a Boy to go out and promote his stocks and he’s making billions. That solar thing is over, smart money is gone, only the fools are left. Like our government. time for a new gig.
Report Post »lukerw
Posted on January 27, 2012 at 3:16pmIf this Country ran on BS… the Government would give us Unlimited Energy!
Report Post »JBaer
Posted on January 27, 2012 at 3:41pmHaha!! Love it and oh so true!!
Report Post »I.Gaspar
Posted on January 27, 2012 at 3:13pmPresident Barrack Hussein O’Damien…
Report Post »jujubeebee
Posted on January 27, 2012 at 2:59pmSoros to benefit just confirms his puppetmaster role. It makes me sick to my stomach.
Report Post »lodgerat
Posted on January 27, 2012 at 3:17pmjujubeebee I’m not at all suprised. Most of everything he’s done benefits his boys. Just once I‘d like the MSM to out him on some or all of the behind the scene power shifts he’s done to payback his supporters. By the way, did you hear about the one billion he wants to give to Eygpt?
Report Post »Popp40
Posted on January 27, 2012 at 3:36pmNow, Lodgerat…..you better be careful. Because Democrats and liberals will say you are racist to say “his boys”…..
Report Post »CHRISTIANNATION
Posted on January 27, 2012 at 2:54pmI beleive that Soros is an evil guy and that he owns lots of shares of Westport, but I don’t think that $400,000.00 in donations to campaigns makes a conspiracy. Just saying.
Report Post »Mtroom
Posted on January 27, 2012 at 3:19pmI’m with ya…This guy is evil, but he’s also an investor …Even this site pointed out why this would be a sound investment…You think Soros or Buffet would miss this?..Sure, Obama is pushing Nat. Gas…He has to, everything else is going bankrupt…Answer honestly, are you really surprised that he’s invested there?…Or surprised this speech was in front of the largest fleet of Nat. Gas vehicles? Vegas has used these vehicles for sometime now, and it’s a good thing…Sorry that “Ol’ Spooky Dude” knows how to invest…Oil will always be needed no matter what they come up with, but this is a sound gas saver…But with many using Nat. Gas to heat their homes, cost of course will off set any savings the working class will see…Kind of like our corn crop…We have to find many ways to off set oil…Burning food supplies, or an efficient home energy supply, will not save money but will slow our need for foreign oils..We still need ideas that don’t burn our food, or raise the cost of owning a home.
Report Post »bernbart
Posted on January 27, 2012 at 3:44pmNo one can give 400,000 to a campaign. The only people giving Very large sums of money are republicans giving millions to the Newt and Romney Super PACs
Report Post »pta1
Posted on January 27, 2012 at 2:52pmnothing this man does surprises me anymore, nor that george soros benefits from every action of this man. he is a puppet in chief plain and simple.
Report Post »Watchyer6
Posted on January 27, 2012 at 2:49pmSoros will benefit? Imagine that. I‘m sure it’s purely coincidental.
Report Post »Detroit paperboy
Posted on January 27, 2012 at 2:41pmDont forget Warren: i owe a billion in back taxes: Buffet, and his railroad….
Report Post »ZeldaZick
Posted on January 27, 2012 at 2:39pmAnyone who has ever lived in Chicago is not surprised. Where do you think Obamao’s Billion $ war chest for the election is coming from. For a guy who claims to be for “The little guy” Obumer sure has some wealthy buddies like Buffet and Spooky Dude.
Report Post »JohnTwoFeathers
Posted on January 27, 2012 at 2:34pmShmuck Obama should stop drinking…….Soros urine.
Report Post »I.Gaspar
Posted on January 27, 2012 at 3:09pmI think he likes it…
Report Post »RightUnite
Posted on January 27, 2012 at 2:24pmOh, gee, ummmmmmm…. That would be Soros and of course lets not forget Buffet. Two of Obama’s largest supporters. Of course they’re going to benefit. Obama owes these two slugs big time!
Report Post »Anonymous T. Irrelevant
Posted on January 27, 2012 at 2:24pmPelosi’s stake in Clean Energy Fuels is significant.
Report Post »http://blog.heritage.org/2011/12/14/nat-gas-energy-subsidies-would-enrich-pelosi/
abbygirl1994
Posted on January 27, 2012 at 2:23pmWhen will this stop, what can we do to stop it???? I am so disgusted with our government.. It does absolutely no good to call or email my Congressman or my Senator.. This is the fleecing of America and everyone in Washington is sitting on the sidelines doing nothing to stop it! God help us!
Report Post »lodgerat
Posted on January 27, 2012 at 3:23pmIt kinda makes you wonder why the Repubs aren’t doing more to stop some of the unconstitutional crap this guy is pulling. Is the Republican Party that full of progressives?
Report Post »iblvingd
Posted on January 27, 2012 at 10:57pmWe..each state has to vote out any congressman that has served two terms or more. We need to get rid of all the corrupt cronies in Washington including the Soros puppet Obamda. Congress is holding out purposefully to cause the problems aiding Obamda in all the EO’s to do what he wants which is not legal either. If we don’t get fresh people in government that care about saving the country its over.
So vote out all the senators and house of reps from every state in this election and keep doing so each year until they are all replaced.
Report Post »NOBALONEY
Posted on January 27, 2012 at 2:16pmObama’s master.
Report Post »elosogrande
Posted on January 27, 2012 at 2:14pmWould you expect anything different? Demacrats confistcate money from American Taxpayers, and then use that money to buy votes and pay back the super rich benefactors who bought the elections that put this junk in office.
Report Post »lodgerat
Posted on January 27, 2012 at 3:27pmIt didn‘t take long to figure out they’re out to get rich guys but only rich guys that they don’t like.
Report Post »Link8on
Posted on January 27, 2012 at 2:12pmhttp://eresearch.fidelity.com/eresearch/evaluate/snapshot.jhtml?symbols=WPRT
This is a Canadian, company , not based in the USA.
http://www.westport.com
1750 West 75th Avenue, Suite 101, Vancouver, BC V6P 6G2
This firm reported losses for 9 quarters in a row and pays 0.00 dividends.
Soro’s firm is #2 among the top institutional holders
SOROS FUND MANAGEMENT LLC 09/30/11 3.2M $121.8M 6.52%
The primary business upside is that the firm is Canadian, since their dollar will be worth much more vs the US dollar soon.
Report Post »SpankDaMonkey
Posted on January 27, 2012 at 2:04pm.
Q: Guess Who Stands to Benefit From President Obama’s Push for Natural Gas?
A: Barney Frank…
What?….. Oh!….. My Bad Ya’ll wrong kinda Push……….
Report Post »Sirfoldallot
Posted on January 27, 2012 at 2:22pmlol
Report Post »Detroit paperboy
Posted on January 27, 2012 at 2:43pmBawney does have to push….. It just falls out !
Report Post »ModerationIsBest
Posted on January 27, 2012 at 1:56pmGeorge Soros and these other ultra billionaires have their hands in everything, it‘s why they’re ultra billionaires.
It will be virtually impossible to find any form of energy that people like Soros and the Koch brothers don’t have their hands in.
Report Post »islamhater
Posted on January 27, 2012 at 2:13pmAs much as it pain‘s me to admit it BIG money has done enough to FU KK this country up as the commi’s in the W.H. I say all these smart people are NOT as smart as they think they are…Ide rather have a high school drop out than some harvard piece of SH iT running this country. Education is way over blown in this country.. I‘ll take street smart’s and common sense any day over some college graduate hack……
Report Post »iblvingd
Posted on January 27, 2012 at 11:04pmEveryone needs to vote out anyone who has spent two terms or more as congressman. Start this year…it will take several to get them all out but lets do it.!
Report Post »OutOfTheAether
Posted on January 27, 2012 at 1:52pmYup, if you want to really get insight to what’s behind something – just follow the Benjamins.
Report Post »GoodStuff
Posted on January 27, 2012 at 1:52pmAnybody who still doesn‘t believe Obama is Soros’ puppet needs to have their head examined.
Report Post »CatB
Posted on January 27, 2012 at 2:02pmThat will require a RE CTAL exam .. their heads are so far up them!
Report Post »USAMEDIC3008
Posted on January 27, 2012 at 2:05pmYour right
Report Post »They should all see their
PROCTOLOGIST ASAP……
abbygirl1994
Posted on January 27, 2012 at 2:25pmYes, the puupet and the AntiChrist!
Report Post »USPATRIOT101
Posted on January 27, 2012 at 1:52pmGuess what? George Soros’ hedge fund holds 3,160,063 shares in Westport Innovation Inc. (as of its last SEC filing).
imagine that, barack the evil greasing daddy soros. Both of these pigs want to destroy America.
Report Post »@leftfighter
Posted on January 27, 2012 at 1:58pmThere’s that, but there’s also the Petrobras connection with the Keystone pipeline.
When that oil makes it into the American market, it‘ll be cheaper than Brazil’s oil, and (hopefully) will deflate the cost of oil in the U.S. to the point of Brazil not even bothering to import it here because it’ll cost too much.
If you think that’s insane, look no further than Texas in the ‘80’s when a similar decision (capping oil wells) made by the oil companies during the ‘80’s oil crash. *That’s* the ugly little truth here. All it takes if for Obama‘s EPA to allow the oil companies to uncap Texas wells and we’ll be in the clear.
Report Post »Anonymous T. Irrelevant
Posted on January 27, 2012 at 2:49pm@leftfighter
Report Post »And from what I understand about the new theory of oil, those wells are probably filled back up by now.
Chuck Stein
Posted on January 27, 2012 at 5:51pm@leftfighter
Report Post »do you have a citation fot that info?
Sirfoldallot
Posted on January 27, 2012 at 1:49pmObama & soros have alot of natural gas.
Report Post »