In an earlier post I commented about George Soros suddenly buying Coal now that the value of the stock had been reduced to nearly nothing by Soros's friends, President Obama and Al Gore. I further commented that people needed to be observant over who was going to buy the stocks that Al boasted he would make worthless in five years. I figured they would be front companies in foreign nations, fronts for various people in the environmental movement. Like the Canadian firm that was a front for Russia as Putin bought a significant portion of our Uranium reserves.
Instead these people don't even feel they need to hide it. Take the recent report of Tom Clarke who just bought another coal company who's stock is now worth less then 75% what it was before Barrack came to office. He did it openly, himself saying he would sell the coal at a 10% premium and use the extra cash to plant trees as a carbon off-set. Even the news people reporting this, stated there was no assurance the EPA would except the tree planting as enough of an action to off-set the carbon released. Or maybe that assurance has already been acquired. Just as perhaps this new coal company exec has been assured that he will find buyers for his higher cost coal in an economy where even Gasoline prices have dropped below $2.00 a gallon. This is beginning to smell worse every day and its not a rotten egg smell caused by a sulfur release.
Instead these people don't even feel they need to hide it. Take the recent report of Tom Clarke who just bought another coal company who's stock is now worth less then 75% what it was before Barrack came to office. He did it openly, himself saying he would sell the coal at a 10% premium and use the extra cash to plant trees as a carbon off-set. Even the news people reporting this, stated there was no assurance the EPA would except the tree planting as enough of an action to off-set the carbon released. Or maybe that assurance has already been acquired. Just as perhaps this new coal company exec has been assured that he will find buyers for his higher cost coal in an economy where even Gasoline prices have dropped below $2.00 a gallon. This is beginning to smell worse every day and its not a rotten egg smell caused by a sulfur release.