Cheney's fund manager attacks energy policy

Posted Feb 5th 2007 3:05PM by Zac Bissonnette
Filed under: Internet, Exxon Mobil (XOM), Columns

Dick Cheney is certainly no stranger to criticism. In recent months, the Bush administration has come under sharp attack from foreign leaders, Congress, and Democratic presidential candidates, not to mention Barbra Streisand. But last week, Cheney drew criticism from an unlikely source: His investment manager, Jeremy Grantham.

Some choice quotes from his report, "While America Slept, 1986-2002: A Rant on Oil Dependency, Global Warming, and a Love of Feel-Good Data:"

"Successive U.S. administrations have taken little interest in either oil substitution or climate change, and the current one has even seemed to have a vested interest in the idea that the science of climate change is uncertain."

"The U.S. is the only country in which environmental data is steadily attacked in a well-funded campaign of disinformation (funded mainly by one large oil company)."

According to TheStreet.com: "Grantham is, like most fund managers, prudent, conservative and inclined to favor the free market and smaller government. He has even said he supported Bush-Cheney in 2000. That doesn't make him particularly political. He also manages a portion of the Heinz-Kerry fortune, as well as those of many other wealthy types. "

The growing realization that global warming is a real problem that presents a "grave and growing threat" is having negative ramifcations for the Bush administration, which was recently accused of censoring climate change scientists. With global warming science now solidly part of the mainstream, investors may want to take note. For information and links about how you can profit from global warming, read my post about it here. For information about Peter Lynch's top solar power picks, read Gary Sattler's excellent piece.

Tags: Dick Cheney, DickCheney, Energy, Politics

Print this

Reader Comments (Page 1 of 1)

2-06-2007 @ 8:57AM

Ewilkens said...

Why does Cheney always have a nastly expression on his face? His life including status and wealth sure does not seem to have made him a happy man.

2-05-2007 @ 10:39PM

Ewilkens said...

Why does Cheney always have a nasty expression on his face? His life, including status and wealth sure does not seem to have made him a
happy man.

2-06-2007 @ 8:57AM

Jack Hartley said...

The news media, can put any face on anybody. The news media library is full of bad faces for Republicans. Ask Senator Clinton if she had a hand in the death of Vince Foster and whether she was having an affair with him. The photograph her expression.

2-06-2007 @ 8:58AM

Dave Davis said...

This administration is doing it's job like most people who care about this country do every day. For people to come out every chance they get to attack it because they are free to for everyone to just piles on without a clue why is the definition of a mob. Those people who have a great deal of money and power who instigate and promote this behavior through a small group of paid instigates a lot like the democratic's leaders were called the mob bosses like sophisticated Mafia much like a dictatorship.

George Bush is our President not our Dictator keep acting as if and we'll end up working towards that result. Get a clue take responsibility for yourself. If things are F up in your life change it in your own way and thank God you can. Freedom has a price stay alert or you'll become part of the mob

2-06-2007 @ 8:58AM

jack carmody said...

Cheney & Bush,Have peddeled themselves into much money,at the tax payers expense. What did people expect from those two. Neither wore the uniform during vietnam.Cheney stated "I had my own agenda"
so did the ones who never came back.Rush limbaugh,the Jim Jones of the conservative party.He never went to war,had 5 deferrels,They all are rich now and sending americans to die for their gain. the illegal aliens are a real problem,but Bush will not stop them from entering the usa,as they will work for american companys,and make conservatives rich. way to go america,while u have been asleep,Bush and his cronies, have filled their pockets and american lives are lost once again,for their gain.