Nye’s energy investments raises some eyebrows
By JR Hoeft | Tuesday, June 17th, 2008 | Catch-AllAs reported in the Virginian-Pilot and the Daily Press today, financial information from federal candidates for election have been reported and I discovered that candidate Glenn Nye, a strong advocate for redirecting subsidies for energy companies to be used for energy research holds several stocks in the energy production sector. I called the Nye campaign to explain this dichotomy.
“Glenn is advocating against his own financial best interest for the benefit of the country,” explained Rick Fromberg, Nye’s campaign spokesman. “It’s important to elect politicians who will put party aside and put what is in the best interest of the nation at the forefront.”
Fromberg explained that Nye’s energy policy discounts political games that are played in Washington — games that have gotten us into this energy crisis to begin with. He says that voters are looking to send people to DC who are seeking rational solutions to our nation’s most pressing problems.
I also had the opportunity to catch up with Corry Bliss, Drake’s campaign manager and spokesperson, who, as you would expect, has a different perspective.
“Glenn Nye claims that oil companies are evil and gouging people while at the same time trying to seek profit from the very practices that he blames for the outrageous price of gas. Nye’s policies will not only increase the price of gas, but make America less competitive by forcing American jobs and businesses to move overseas,” says Bliss. “On the other hand, Thelma Drake’s energy policy seeking to increase domestic oil production in the short-term while investing in alternative energy sources such as wind, solar, and nuclear in the long-term will not only lower the price of gas, but help jobs and business in America. I think Glenn Nye has some explaining to do and should sell his stock immediately.”
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About the author
Conservative to the core; liberal with his opinion! J.R. has been involved in politics for over a decade and has worked on several campaigns in Hampton Roads. He has served on the Executive Committee of the Republican Party of Chesapeake and the Central Committee of the Republican Party of Virginia. He is also the director of “Blogs United” in Virginia. E-mail J.R.. Follow J.R. on Twitter.
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4 Responses to "Nye’s energy investments raises some eyebrows"
Hmmmm. I’m pretty much a liberal eco freak. But I’m pretty sure I have energy stocks in my portfolio too.
Question: Have any of Virginia’s legislators proposed any type of “green” building code legislation?
Why not require construction of new homes over, say 5000 sq ft, to incorportate solar panels, solar water preheaters and thermal cooling systems into their construction plans.
Yup, it’s going to add a chunk of change to these monster homes, but it will also generate a lot of jobs in the green energy sector and fairly rapidly bring down the cost of those systems.
The rich made it possible for every American to afford all our new technology (remember the $500 hand held calulator?) I think it makes sense they should limit their impact on our overtaxed energy grid by building green monster homes.
Does anyone see a down side to this idea?
Liberals like Nye always think that the way to a prosperous future is for everyone to have less. If everyone felt more pain, say they, everything will work out better.
We shouldn’t be wasteful, but we shouldn’t be dumb enough to think that hurting energy producers is going to create more energy production, and history has shown that only addressing the “demand” side of American energy needs just means the rest of the world has more oil to use.
If the left can’t figure out that while using less is a wise choice, producing more is an absolute must, then it’s only politics they’re interested in, and we’re in for a return to the 1970s in more ways than one.
maybe Nye knows more than you — you should be asking what he exactly did at USAID — hint, oil companies are involved.
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