The Royal Scam continues. The MSM ignores.
Perhaps he knows- or is willing to bet- that with the cap n trade legislation liberals are determined to pass one way or another- energy prices are going to skyrocket?
I thought U.S. Presidents weren’t allowed to do this... oh, wait... that applies to “elected” U.S. Presidents. Puppetmasters like Soros scoff at rules.
Is this the T. Boone Pickens vehicle that Pelosi has her fingers in?
Follow the money. Soros’ investments will point to our country’s official policies in short order.
Sounds like insider trading to me . . . Call the Feds!!!
(sarc)
There is absolutely no point in reporters asking Obama or Emanuel where they are taking the county. They should just aks Soros his opinion instead. It is likely to be far more timely and accurate.
PXP is an independent oil and gas company primarily engaged in the activities of acquiring, developing, exploring and producing oil and gas in its core areas of operation: California, Texas, Louisiana and Gulf of Mexico.
Safe to say that Soros thinks O'Bammy is gonna flip on domestic drilling (everyone knows that prices are gonna rise). If he did we would see huge immediate economic gains (flow of capital and employment) from that effort.
Chances are that someone has shown our big-eared Prez that it can now be done cleanly and safely.
This makes a lot of sense without all the conspiracy talk. The price of nat gas is low ($4.25 compared to $11 a year ago), drilling for more nat gas has declined significantly because of the price decline, Obama is going to kill the coal industry and there is a chance that some form of cap and trade tax passes which gives nat gas an advantage vs coal or oil. Sounds like a pretty smart buy. Despite his wacky political activities, Soros has compiled an amazing investment track record.
The Friesian #2 well, operated by PXP (50% working interest) was drilled to a total depth of 28,989 feet and encountered approximately 389 net feet of oil saturated Miocene aged sands with three main sand lobes encountering more than 210 net feet of high quality oil pay plus a fourth sand lobe encountering 179 additional feet of oil pay that was not fully evaluated. These four pay sands, all full to base with oil, are the uppermost field pays at the prolific Tahiti field approximately eight miles to the west across the basin syncline. Existing data show strong correlation, both geologic and pressure, from the initial Miocene field pay sands at Tahiti to the drilled portion of our Friesian #2 well.
http://investor.plainsxp.com/phoenix.zhtml?c=132091&p=irol-newsArticle&ID=1249930&highlight=
it’s not complicated. The forward price of gas is going up