Gosh, a rent-seeking subsidy farmer prefers the Obama Administration over having to actually produce anything and compete in the open market. Go figure…
President Barack Obama has been given an important vote of confidence from within the energy sector, with Duke Energy CEO Jim Rogers telling news network CNN that the country is better off now when it comes to energy than it was before Obama’s election.
The statement comes just as the Democratic National Convention gets set to open in Charlotte, North Carolina, with Rogers acting as co-chairman of the event’s host committee. While the words come from within his own camp, Obama appears to be gaining ground on rival Mitt Romney with voters across the country where energy policy is concerned.
And that is why Duke is planning to shut down two coal plants in ohio and will devistate the small towns they are located and decrease the supply of electricity
Divest your Duke stock. They have taken the dumb/low road to prosperity, and it will be reflected in less-than-industry-average returns, long term.
“In order to succeed as a large corporation, you do not compete in the market place. You control the government and eliminate your competition from the marketplace.” J.D. Rockerfeller.
Duke Energy, the GM of the energy industry. Shareholders should think about getting rid of the CEO.