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Home > Blogs > Butler County News and Issues > Archives > 2010 > June > 17 > Entry
Boehner both an investor in, and critic of, BP
From today’s paper:
House Minority Leader John Boehner bought as much as $50,000 of BP stock last December before the massive oil spill in the Gulf of Mexico caused the oil giant’s stock to plummet by as much as 50 percent.
In financial disclosure statements filed Wednesday, June 16, Boehner, R-West Chester Twp., bought tens of thousands of dollars in stock last December in a number of energy companies, including BP, ConocoPhillips, Chevron, and Exxon-Mobil.
The wife of Centerville Republican Rep. MikeTurner owns a small amount of stock in Transocean, the company that owned the oil rig that exploded, the reports show.
Under congressional rules, Boehner was required to report only that he bought between $15,000 and $50,000 in stock. The reports, filed annually, provide only a broad outline of a lawmaker’s personal wealth. Boehner remains one of the area’s wealthiest members of Congress.
BP’s stock peaked at $62.38 a share in January before one of its deep-water rigs ruptured in April, sending as much as 60,000 barrels of oil a day into the Gulf of Mexico. The stock was selling for $31.85 a share when the markets closed.
BP Chairman Carl-Henric Syanberg also announced the company would not pay dividends for the rest of the year.
On a related note, here is a release from Boehner’s office before President Barack Obama’s Oval Office address on the oil spill this week:
Congressman John Boehner (R-West Chester) issued the following statement in advance of tonight’s Oval Office address on the Gulf oil spill:
“While President Obama is speaking tonight, oil will continue to leak from the well and extend its stranglehold on the lives and livelihoods of the people in the affected areas. Even now, nearly two months after disaster first struck, the federal response remains inadequate and disorganized. Americans are rightly angry about this failure of government, and they want to know that their president is focused squarely on stopping this leak, cleaning up this mess, and finding out what went wrong.
“President Obama should not exploit this crisis to impose a job-killing national energy tax on struggling families and small businesses. Both parties should be working together to craft responsible solutions in response to this disaster. There’s nothing responsible or reasonable about a job-killing national energy tax that will raise energy costs and destroy more American jobs.
“President Obama will also reportedly address some of the financial issues surrounding the crisis, including the establishment of an escrow fund. These resources should be used to help the victims of this disaster, and not as a slush fund for trial lawyers or Administration officials seeking to paper over their own misguided decisions. BP should be held accountable for the full cost of this disaster - the taxpayers shouldn’t pay one dime - but that money must be directed to where it can be most effective in stopping this leak and aiding the recovery effort.
“I sincerely hope that the Obama Administration will not try to use a crisis made worse by its own failings to score political points on the backs of American living and working on the Gulf Coast. This is a moment that demands a call to action based on our shared interest in stopping this leak,cleaning up this mess, and finding out what went wrong.”
Permalink | Comments (6) | Post your comment | Categories: National issues
Comments
By middsteve
June 17, 2010 11:50 PM | Link to this
Wow Josh, why don’t you just come right out and say,I’m a left-winger and I am going to report everything with a leftist slant??
By EthicsWatch
June 18, 2010 6:02 AM | Link to this
It is not Josh’s fault that the Butler County GOP/Republican/Tea Party elected officials have had so many ethics violations and concerns, that the sheer volume has contributed to bogging down the entire Ohio system of ethics investigations. Boehner says both parties should be working together, yet he is the king of obstructionism in Congress today. What a joke he has become. I am embarrassed to have him as my Congressman.
By rinoblaster
June 18, 2010 10:06 AM | Link to this
Just another example of the hypocrisy of the congressman from Ohio who has done NOTHING for his constituents. All he has done is lined his pockets with money from the West Chester Mafia, i.e. the West Chester 75 group (Josh, why don’tyou expose that?) and meddled in the affairs of the party. There are some republicans who outright depise his alcoholic and tobacco abusing ways. There will be great celebrating when the day comes when we are free of him and his dirty little toady, Mick.
By savanation
June 18, 2010 6:01 PM | Link to this
“and critic of BP” (Josh) Since when? I think we can see just what the Republicans think about BP by watching them APOLOGIZE to BP for our president that BP is going to pay for their crimes. The Repubs didn’t like that. I guess because that would leave less money for BP to stick into Boehner et al pockets. Watching Rep Barton apologize is the best example I have ever seen of what it means to be a Republican. It has nothing to do with being an American.
By REDSAILOR
June 20, 2010 8:00 PM | Link to this
Mr boehner is a slut to anyone that will give him money.He represent himself. Why do we not hold him accountable, he keeps blaming washington, yet he’s been there 2o years.
By brunette ladies
June 21, 2010 5:04 PM | Link to this
Undoubtfully great story as for me. It’d be just great to read something more about this matter. Thanx for giving such information. Charlotte BENNETT