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Message
Democrats Who Oppose Keystone XL Pipeline Own Shares in Competing Companies
Posted on 2/13/14 at 8:12 am
Posted on 2/13/14 at 8:12 am
quote:
“In my view, there is now enough evidence to conclude that construction of this pipeline is not in America’s long-term interest,” Kaine said in a statement on the review.
The freshman Democrat has between $15,000 and $50,000 invested in Kinder Morgan Energy Partners, according to his most recent financial disclosure. Kinder Morgan is looking to build a pipeline that would directly compete with Keystone.
Kaine also penned a column for the Washington Post last year opposing the project. “The real issue isn’t the pipeline,” he wrote. “It’s the wisdom of using tar sands oil.”
quote:
Kaine did not disclose that he had a stake in a company that would still be transporting “tar sands” oil if Keystone were to be rejected.
Another anti-Keystone Democrat, California Rep. Alan Lowenthal, has between $15,000 and $50,000 invested in Enbridge Energy Management, $1,000 to $15,000 in Kinder Morgan Energy Partners, and $15,000 to $50,000 in Kinder Morgan Management, which is a limited partner in and handles everyday management for the company’s Energy Partners subsidiary.
LINK
This post was edited on 2/13/14 at 8:15 am
7
Posted on 2/13/14 at 8:14 am to Strannix
Warren Buffet doesn't want the pipeline either. I'm sure he has just a little bit of influence. 
Posted on 2/13/14 at 8:15 am to notiger1997
quote:He is a big Obama supporter, of course he does.
Warren Buffet doesn't want the pipeline either. I'm sure he has just a little bit of influence.
Posted on 2/13/14 at 8:22 am to Jbird
quote:
He is a big Obama supporter
Plus, he owns the BNSF railroad which is hauling as much of the oil as possible in tank cars.
Posted on 2/13/14 at 8:24 am to Homesick Tiger
quote:Yeah this is making Benjamins for Buffett.
He is a big Obama supporter
Plus, he owns the BNSF railroad which is hauling as much of the oil as possible in tank cars.
Posted on 2/13/14 at 8:27 am to Strannix
Ann Romney has a horse!
Posted on 2/13/14 at 8:28 am to Homesick Tiger
quote:
Plus, he owns the BNSF railroad which is hauling as much of the oil as possible in tank cars.
That is what I was getting at.
Posted on 2/13/14 at 8:28 am to Strannix
Democrats In Bed with Big Business.
Posted on 2/13/14 at 8:29 am to notiger1997
quote:
Posted by notiger1997 Warren Buffet doesn't want the pipeline either. I'm sure he has just a little bit of influence.
He has a huge investment in rail.
Posted on 2/13/14 at 9:05 am to Strannix
quote:
Democrats Who Oppose Keystone XL Pipeline Own Shares in Competing Companies
All of them?
Posted on 2/13/14 at 9:22 am to Strannix
quote:
The freshman Democrat has between $15,000 and $50,000 invested in Kinder Morgan Energy Partners, according to his most recent financial disclosure.
If he disclosed the amount on that form, shouldn't we be able to figure out if it's closer to $15K or $50K? That's a pretty big gap for that amount of money. He has either $15K invested, or double that amount or triple that amount, or even more.
What a sorry-arse piece of writing.
Posted on 2/13/14 at 9:28 am to mtntiger
If an everyday American citizen was making money like this Congress would be furious. Congressmen do it all the time. The STOCK Act was passed although it was secretly weakened in backroom deals. It is beyond amazing how these guys enrich themselves with Leadership PACs and Insider Trading.
Posted on 2/13/14 at 9:39 am to Strannix
I think this shows them to be more hypocritical than corrupt. A $10-$50,000 investment in KMP or KMI isn't going to make you rich.
Also, Buffet recently bought a division of Phillips that will benefit greatly if Keystone is permitted. Warren Buffet owns interests in "everything". He's going to win any which way the process goes. Guy's like him hear about and have investment opportunities before any of us ever hear about it.
Keystone will happen after mid-terms.
It's also notable that Susan Rice, while with the State Dept., owned a significant interest in TransCanada (TRP). What does that tell you?
Also, Buffet recently bought a division of Phillips that will benefit greatly if Keystone is permitted. Warren Buffet owns interests in "everything". He's going to win any which way the process goes. Guy's like him hear about and have investment opportunities before any of us ever hear about it.
Keystone will happen after mid-terms.
It's also notable that Susan Rice, while with the State Dept., owned a significant interest in TransCanada (TRP). What does that tell you?
Posted on 2/13/14 at 9:40 am to cwill
quote:
According to her most recent personal finance report, covering 2011 and filed in May 2012, Rice and her husband own between $300,002 and $600,000 in TransCanada stock. Those holdings brought them as much as $20,000 in income in 2011. Federal officials are required to disclose the range of an investment rather than the exact amount.
LINK
Posted on 2/13/14 at 9:42 am to mtntiger
quote:
If he disclosed the amount on that form, shouldn't we be able to figure out if it's closer to $15K or $50K?
He only has to disclose a range and that range is what is being reported.
Posted on 2/13/14 at 9:45 am to Strannix
quote:
Democrats Who Oppose Keystone XL Pipeline Own Shares in Competing Companies
Imagine that. Not a smidgen of corruption.
Posted on 2/13/14 at 9:55 am to cwill
quote:
Buffet recently bought a division of Phillips
quote:
He's going to win any which way the process goes.
quote:
Keystone will happen after mid-terms.
I think the second and third facts directly influenced the first fact. His purchases of the railroad coincided directly with the election of Obama, with his stake growing greater and greater the better Obamas chances looked until he owned the railroad and the president. Now he has invested in a way which will bring him profit when it is finally approved, because we all know it will be approved.
Posted on 2/13/14 at 10:03 am to TheJacer
If you knew Obama was going to get elected...that a large part of his constituency was "green", that his own POV was to aggressively address AGW, that tar sands were a particular bugga-boo for environmentalists and that Keystone was on their radar...would you buy a RR running from Canada to the US?
Posted on 2/13/14 at 11:05 am to cwill
quote:
A $10-$50,000 investment in KMP or KMI isn't going to make you rich.
I am sure plenty of "everyday hardworking americans" (as Obama would say) wish they could invest like this and have this amount of money.
I also don't think this is the guy's only investment and then multiply that by every politician and their workers in DC. Then how much money are we talking about?
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