by Scott Creighton
The Donald signed an executive order yesterday, one of many that promises to free the glorious markets and let loose the invisible hand of Big Business, in this case Big Oil, so it can bitch-slap anyone who happens to get in it’s way (or live in its way as it turns out)
“President Trump signed executive orders Tuesday to revive the controversial Dakota Access and Keystone XL oil pipelines, another step in his effort to dismantle former president Barack Obama’s environmental legacy.
He also signed an executive order to expedite environmental reviews of other infrastructure projects, lamenting the existing “incredibly cumbersome, long, horrible permitting process (pipelines are considered part of our “critical infrastructure”).” Washington Post
Native Americans, protesters and anyone else who gives a shit about individual rights, clean drinking water, environmental protection and stuff like that are a bit perturbed by President Populist’s apparent sycophancy to America’s established interests.
One can hardly blame him though seeing as how the future of the Dakota Access Pipeline (DAPL) may directly affect the president’s stock portfolio.
The DAPL is owned by Energy Transfer Partners and it was reported that The Donald actually owns something to the tune of a million dollars worth of their stock.
“In May 2015, according to campaign disclosure reports, Trump owned between $500,000 and $1 million worth of shares of Energy Transfer Partners, the pipeline’s lead developer, but had less than $50,000 invested when he sold off the remainder of his shares this summer, according to The Washington Post.” Huffington Post
His ownership of the stock remains a point of contention. His spokesperson back in Nov. claimed he sold the stock. This has yet to be confirmed and if he did sell it, to whom did he sell it? Did he “sell” it to one of his family members for $1?
“President-elect Donald Trump sold off his shares of Energy Transfer Partners, the owner of the $3.7 billion Dakota Access pipeline that has become the focus of protests by Native American and environmental groups, according to his spokeswoman Hope Hicks.
Trump’s share, which in a May 2015 disclosure was listed at between $500,000 and $1 million, had fallen to less than $50,000 by the time he sold it in the summer of 2016, according to a disclosure earlier this year.
The sale would eliminate one possible conflict of interest for Trump, who has vowed to speed up permits for oil and gas pipelines in order to spur more oil and gas development in the United States.” Washington Post
Phillips 66 is a relatively small oil company but it owns a substantial investment in the DAPL and Trump owns a bit of Phillips 66.
“Trump is also invested to the tune of $100,000 and $250,000 in Phillips 66, which owns 1/4 of ETP. It is easy to see why Sharon Buccino the Natural Resources Defense Council says…” PoliticusUSA
In Aug of 2016, Fortune magazine published Trump’s top 14 stock holdings. Phillips 66 ranked 12th. This guys reports Phillips 66 stock prices have jumped 13% since The Donald won the election and predicts it will go even higher because… free market and shit. I guess that’s the same kind of “free market” Halliburton represented during the Cheney years.
Energy Transfer Partners CEO, Kelsy Warren, has contributed BIG TIME to republican politicians over the years and to PACs that backed “free market” folks like Rick Perry and … The Donald.
“Warren this year has made $1.53 million in campaign contributions to super PACs and $252,300 to individual campaigns and the GOP, according to the Center for Responsive Politics,” the Post reported. “In June 2015, he gave $5 million to Opportunity and Freedom PAC, which supported Rick Perry’s presidential campaign. The Trump Victory Fund, a joint fundraising committee that includes Trump’s campaign, the Republican National Committee and some state parties, received a $100,000 contribution from Warren on June 29.” David Badash
What were we trying to drain? Oh yeah. The swamp. Why? Because they were all corrupt and bought out by Big Business. Ain’t that right Donnie?
I don’t know if he still owns interests in those companies, I don’t know if he actually sold the stocks or not, or who he sold it to? His dog? His 13-year-old son? His wife perhaps? That PR persona he used to pretend he was back in the day? Who knows.
Point is, the free markets are poised to trickle-down all over us like R Kelly on a school girl.
Point is, it took Obamaites 8 long years to wake up from their self-induced coma and figure out that wetness on their back wasn’t a warm spring shower. In fact, many of em never figured it out. How long before the Trumpshirts wake up I wonder? Will they?
To hell with it. If you can’t beat em…