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.




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