American Elephants


Is the Left Stealing the Coal Industry? No Morals Or Honor? by The Elephant's Child

I’m not particularly interested in conspiracies. I do my share of speculating about cause and results, but in general I want evidence, trusted sources, and some kind of proof. But I found this particular post from Tom Lifson at American Thinker intriguing.

Now comes the shocking news, via Steve Milloy writing on Breitbart, that following President Obama’s use of CO2 emissions as a weapon to drive major coal companies near bankruptcy, the ultimate politically connected speculator George Soros is buying up stock in major coal producers on the cheap.

I predicted in this column last week that the left wasn’t going to kill off the coal industry so much as it was going to steal it. That prediction is already becoming true courtesy of billionaire George Soros.

U.S. Securities and Exchange Act filings indicate that Soros has purchased an initial 1 million shares of Peabody Energy and 553,200 shares of Arch Coal, the two largest publicly traded U.S. coal companies. As pointed out last week, both companies have been driven perilously close to bankruptcy by the combination of President Obama’s “war on coal” and inexpensive natural gas brought on by the hydrofracturing revolution.

Well, isn’t that interesting. Are Democrats just fixated on doing what they want, and never mind the law or propriety? It would seem so. The same George Soros apparently paid protesters from Ferguson to go to Baltimore and try to stir up trouble — at least according to the protesters who were complaining about not getting paid. Al Gore has used Global Warming to amass a fortune, yet does not observe any of the rules that he espouses to save energy himself. Tom Steyer made his fortune in oil and natural gas, and now tries to manipulate federal policy to stop the Keystone pipeline. Lots of conspiracy material.


3 Comments so far
Leave a comment

Of coarse,enviros are only interested in money and control.

Comment by fletch92131

I originally read that Peabody Energy shares had been trading at $90/share pre Obama. Now that Obama’s Billionaire buddys have their conspiracy in full swing, the stock is trading at about $1 A SHARE !!! Peabody Energy WAS worth BILLION$ !

Now Tom Clarke, Lefty Multimillionaire (Health Care industry, HE MADE OUT ON O’we,bummer Care) and EnviroNazi is taking Patriot Coal out of bankruptcy on the cheap.

Comment by Ed

There seems to be a large number of prominent Lefties who are becoming very rich from their interest in global warming. Al Gore, for example, was agitating on behalf of the enormous rise in sea levels, at the same time he bought a waterfront condo in San Francisco. Crony Capitalism is very popular on the left, while they complain publicly about the evils of capitalism. Coal supports about 40% of our energy needs. Wind and solar combined, I think less than 10% while requiring full time backup from a conventional power source. It has been a scam from the first. When it does get colder, we will need that coal production. Wind turbines are inclined to shut down in really cold weather.

Comment by The Elephant's Child




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