|
Texas Congressman Has Profitable Stake In Gas Wells
Texas Republican Congressman Joe Barton has a profitable stake in some natural gas wells, records show.
|
|
5 Comments 
DALLAS (February 3, 2010)—U.S. Rep. Joe Barton, R-Ennis, has earned nearly $100,000 from an interest in natural gas wells that he purchased from a campaign donor who advised him on energy policy, interviews and records show.
The Dallas Morning News Wednesday cited land records that show the Republican from Arlington purchased his interest from Walter G. Mize.
Mize, who died in January 2008, was a Cleburne businessman who donated more than $30,000 to Barton's campaign and urged him to create a federal oil and gas research program that was included in a 2005 energy bill.
Barton, a native of Waco, said his investment is legal, was publicly reported in accordance with federal law and ethics rules and doesn't conflict with his legislative responsibilities.
Congress is considering energy legislation that would boost demand for natural gas
Latest Comments
So why is this news? Every citizen, including those in congress, have a right to make money legally, and this appears legal. But wait, he is a Republican. The socialist libs don't like people making money. They want to redistribute everyone's wealth until we are all equally poor and living under oppressive government control.
Oh, come on... So what if he has taken a special interest in natural gas. I don’t care if he made money from it. You don't move up the political ladder by being poor. Everybody has to get their money from somewhere. Are we forgetting that natural gas is one of the cleanest sources of energy that we have? Would you feel better if he had profitable stake in tobacco? Give the man a break!
So a friend comes to you and tells you about an investment idea. You either decide to buy into it or you pass. I don't see the problem. This story doesn't tell you that Natural Gas prices went from a high around $12 / MCF in 08 to $4 / MCF now. It also doesn't tell you what he paid for the investment. He's probably losing money. I know there is a lot of corruption going on, but show me where it is at here.
