The Heritage Foundation
Commentary by Jim Campbell
The title may have just as well been “Soros sure to benefit from White House’s natural gas proposal. There is no logical reason to stop it and Soros has already positioned his hedge fund for significant gain.
A major company to benefit is Westport. When it reaps the predicted windfall, one of the chief beneficiaries will be George Soros, a major Obama donor and supporter. Soros’s hedge fund holds 3,160,063 company shares (as of its last SEC filing).
Wall Street analysts predicted a boom for the company if the NAT GAS Act were passed. CNBC analyst Jim Cramer said he “expects shares to absolutely explode” in the event the legislation were to pass.
Think there might have been a little insider trading going on with this one? I do. That’s my story and I’m sticking to it, I’m J.C. and I approve this message.
The proposal would offer incentives for companies to buy and use trucks powered by natural gas. Obama announced the effort at a UPS facility in Las Vegas that received stimulus funding to buy natural gas vehicles and build a fueling station for them.
The proposal is remarkably similar to the New Alternative Transportation to Give Americans Solutions (NAT GAS) Act.
One company that stands to benefit handsomely from the president’s proposal is Westport Innovations. The company converts diesel engines to be fueled by natural gas.
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.
If Westport reaps the predicted windfall, one of the chief beneficiaries will be George Soros, a major Obama donor and supporter. Soros’s hedge fund holds 3,160,063 company shares (as of its last SEC filing).
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 Obama himself, according to the Center for Responsive Politics. He describes himself as “an early supporter of Barack Obama, first in his Senate campaign in Illinois and later when he ran for President. Soros supported Obama in his presidential bid because he believed he could provide the transformational leadership the country needed.”
dancingczars
jcscuba
all I can say is that the ppl who still think Obama is god doesn NOT read, watch TV .. my word he tells us every time he speaks he wants to destroy American to his arabs way of living….Hes not an american in any way and its his jjob to destory and and the 48% of say… wow that sounds great.. they willuntil they become his slaves…
Soros, as we all know, is a manipulator, and is using Obama and his merry men/women. When Soros is through with them, he will discard them like an old pair of socks.
No doubt about it, Barb thanks for finding my site, and leaving a comment, I’m J.C. and I run this circus.
I’m thinking they have no compelling reason to come out and vote again. Why should they, he failed, they are worse off today, they will vote or not on their wallet. J.C.
The people I fear the most, are the uneducated, uninformed voters that believe everything he says. They need to change the TV channel.
BarbVa,
That group is known as ” Stupid Voters ” . And, many of them are the result of our failed education system.
More b/s and more Soro’s. This man needs to be arrested and deported and never allowed to return. How much damage must he do first, oh wait he can go on needlessly just like Obama and still no one cares.