[Guest post by DRJ]
House Speaker Nancy Pelosi opposes offshore drilling but today on Meet The Press, Pelosi strongly supported investment in “cheap, abundant and clean” natural gas. Natural gas is produced by drilling, including off-shore drilling.
Pelosi believes so much in natural gas that she’s put $50,000-$100,000 of her own money into a T. Boone Pickens’ investment that emphasizes natural gas:
“MR. BROKAW: You just mentioned natural gas, and you emphasized it as well in your last radio address…
REP. PELOSI: Yeah.
MR. BROKAW: …talking about the energy plan. And then we read in The Wall Street Journal that you and your husband have made a substantial investment in the plan that T. Boone Pickens has put forward, which has a heavy emphasis on natural gas as well.
REP. PELOSI: But let me see if you call substantial 03 three percent of our investments.
MR. BROKAW: Oh, it’s what, between 100 and $200,000.
REP. PELOSI: No, no, it was between 50 and $100,000, and it’s part of an, you know, entrepreneurial package. This is the package we sign up for, this is what they invest in. But that’s not the point. I’m, I’m, I’m investing in something I believe in. I believe in natural gas as a clean, cheap alternative to fossil fuels.
MR. BROKAW: But you’re also in a position to influence where the emphasis will be in where we’re moving.
REP. PELOSI: Well, that’s not–that is, that is the marketplace. The fact is, the supply of natural gas is so big, and you do need a transition if you’re going to go from fossil fuels, as you say, you can’t do it overnight, but you must transition. These investments in wind, in solar and biofuels and focus on natural gas, these are the real alternatives.”
Speaker Pelosi is fortunate that $50-$100K is a de minimus investment in her family. Most of us think $100,000 is a lot of money and believe today’s high energy prices are budget-busters. Now that Pelosi is a believer in natural gas, I hope she will let the House vote on expanded drilling on federal and off-shore lands.