Democrat Congressman Alan Grayson hypocritically profits from offshore drilling investments-Manjarres

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3/11/14, "Alan Grayson hypocritically profits from his offshore drilling investments," Shark Tank, Javier Manjarres

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Alan Grayson Hypocritically Profits From His Offshore Oil Drilling Investments

Read more at: http://www.shark-tank.com/2014/03/11/alan-grayson-hypocritically-profits-offshore-oil-drilling-investments/ | The Shark Tank

Alan Grayson Hypocritically Profits From His Offshore Oil Drilling Investments

Read more at: http://www.shark-tank.com/2014/03/11/alan-grayson-hypocritically-profits-offshore-oil-drilling-investments/ | The Shark Tank

Alan Grayson Hypocritically Profits From His Offshore Oil Drilling Investments Posted by: Javier Manjarres on March 11, 2014 Early this year, as revelations came to light that Florida Democrat Congressman Alan Grayson was swindled out of 18 Million dollars, Grayson proceeded to cash in the assets he had foreign corporations, and domestic corporations doing business outside of the United States. Congressional regulations require members to disclose their transactions only in monetary ranges, it is estimated that Grayson profited a minimum of $1,830,000 from the sale of stock in 7 different corporations. While there may be nothing illegal about Grayson’s activities, they are certainly hypocritical. While millions of Americans across the U.S. lose their health insurance coverage as a result of Grayson’s Obamacare law, and thousands of other unemployed Americans nationwide continue to search for work, why is an elected member of the U.S. Congress, investing millions of his money in foreign corporations and promoting foreign job growth? The first major source Grayson’s newly found fortune is his sale of Lukoil stock. From this he made between $250,000 and $500,000. Lukoil is Russia’s second largest oil company. According to their corporate website, “Most activity is concentrated in four federal districts of the Russian Federation: the North-West, the Volga, the Urals and the South”. Lukoil Investment (1) Furthermore, according to their website, “90.6% of Company’s proved reserves and 89.8% of marketable hydrocarbon production are in Russia.” While the company does do business within the United States, only less than a tenth of their business is in the US, Their website states that “International projects account for 9.4% of Company’s proved hydrocarbon reserves and 10.2% of marketable hydrocarbon production.” The second and more hypocritical of Grayson’s investments is his profiting from Offshore Drilling, an activity which he vehemently opposes. Not only does he financially invest in corporations that engage in offshore drilling, the company is a Brazilian based corporation, headquartered in Rio De Janeiro. Similar to his Russian Lukoil Investment, his sale of Petrobras stock garnered him between $250,000 and $500,000. PetroBras On his official campaign website, Grayson clearly asserts that he “believe[s] that offshore drilling in Florida poses a tremendous risk to the environment”. Even more interesting is a statement that Grayson used during his 2008 campaign, but was later expunged from his campaign website, but not from cache or from the votesmart website. “The Arctic Refuge, other coastal waters and other vulnerable areas also should be protected from greedy energy companies.”-Alan Grayson

Read more at: http://www.shark-tank.com/2014/03/11/alan-grayson-hypocritically-profits-offshore-oil-drilling-investments/ | The Shark Tank