Posted on 07/31/2013 9:09:28 AM PDT by Nachum
Even if you're Warren Buffett--billionaire investor, founder of Berkshire Hathaway, and Democratic donor--it helps to have friends in high places. Through his holding company MidAmerican Energy, Buffett is currently atttempting to purchase NV Energy, a Nevada-based energy firm, and he's getting some big help from that state's senior U.S. senator, Majority Leader Harry Reid.
Energy and Environmental Daily reports (subscriber content only) that Reid, who has been publicly supporting Buffett's acquisition of NV Energy and has criticized Nevada state regulators holding up the purchase, wrote a letter to the Federal Energy Regulatory Commission requesting the agency give "close consideration" to the purchase agreement. If approved, the $5.6 billion purchase would make Buffett's MidAmerican the nation's "largest utility holding company."
(Excerpt) Read more at weeklystandard.com ...
The payoff,
Break it up like how they broke up Ma Bell.
“All the President's (Coal) Men: Bill Gates, Warren Buffett and Obama’s Wyoming Giveaway”
Story is about how Obama arranged to give Warren Buffett and Bill Gates estimated 2 billion tons of coal on U.S. lands.
http://www.huffingtonpost.com/jeff-biggers/all-the-presidents-coal-m_b_841400.html
BrightSource Ivanpah, who many consider to be the flagship of the Obama administration’s solar fleet, has many ties to the administration. Robert F Kennedy Jr, whose family helped put Obama in the White House, is probably the best known member of VantagePoint Capital Investors, one of the principal investors in BrightSource. The political connections do not end there. President Clinton’s CIA Director James Woolsey is one of VantagePoint’s former partners, a former British Foreign Secretary, David Milibrand, serves as an advisor and, prior to his resignation due to health reasons, President Obama’s Secretary of Commerce was a former Chairman of BrightSource’s Board. No wonder some suspect that political connections may have been behind the $1.6 billion loan guarantee that the Department of Energy extended BrightSource.
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According to a blog called Political Party Time, Reid celebrated Ivanpah’s loan by holding a fundraiser at BrightSource’s headquarters in California. He reputedly received more campaign donations from renewable-energy sources than any other lawmaker that year and was named Solar Champion of the Year (2010).
Duke Energy, which hopes to build the Searchlight Wind Project in Reid’s hometown, both contributed to his campaign and contributed $10 million to the 2012 Democratic convention.
Reid’s son, Rory, is a partner in Lionel Sawyer & Collins, which represents Duke Energy and several other renewable-energy companies championed by Harry Reid.
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https://www.wind-watch.org/news/2013/07/29/las-vegas-premiere-set-to-expose-blm-mismanagement/
Warren Buffett is a modern ‘robber baron’. He does nothing to enhance the efficiency or operational expertise of the companies he buys and controls.
That may be what the 0bamatrons plan to do . . . but not if it harms Buffett.
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