The Conservative Cave
Current Events => Economics => Topic started by: J P Sousa on August 19, 2015, 01:39:11 PM
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George Soros. Why ? He helped push EPA regulations to kill coal stocks so HE could come in and BUY Coal Stocks. :thatsright:
http://www.foxnews.com/us/2015/08/19/billionaire-george-soros-warms-up-to-coal-as-stock-prices-hit-bottom/
Billionaire George Soros warms up to coal as stock prices hit bottom
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Soros, whose Climate Policy Initiative think tank recently urged the world to stop using fossil fuels in general and coal in particular, snapped up 1 million shares of Peabody Energy and half a million shares of Arch Coal, giving him significant stakes in what’s left of the U.S. coal industry.
The trades would have cost Soros a lot more six years ago, when Peabody, which trades under the symbol BTU, was at about $90 a share. Under the Obama administration, which has punished the coal industry with costly mandates and regulation, Peabody shares have fallen to around $1.
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Democrats have no shame. Blatant political manipulation of energy to help out their very own BIG CONTRIBUTOR George Soros.
I have to hand it to them, I didn't see that coming.
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He used the same MO to devalue the English pound and made himself a billionaire in the process. He should be in jail for fraud.
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There is no guarantee the price of the coal energy company shares will recover to their once fair market values.
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There is no guarantee the price of the coal energy company shares will recover to their once fair market values.
No, there isn't. However, when people start seeing their "skyrocketing energy" bills, there will be a demand to rollback some of Obama's crap he has pushed through the EPA. Coal will rebound.
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I just said that because I don't want Soros to benefit from his corrupt insider trading.
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I don't think there's a sane person still breathing who didn't understand it's ALL ABOUT MONEY!
How much has Al Bore made from the Global Warming/Climate Change/Whatever it's called today!
I would bet it's more then a quarter then a billion as a hoaxer?