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Why Democrats Love the Pickens Plan
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by JD Rucker | July 19, 2008 at 07:35 pm
706 views | 36 Recommendations | 15 comments
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Pickens has made his money. He is known for eccentric spending, including donating over $100 million to his alma mater to help them put in better sports facilities. Any other oilman and I would question it. Pickens - he means what he says and he says what he means.
When anyone invests $300 million dollars into promoting alternative energy sources, the Democrats usually take notice. When that person is an oil tycoon, brother of a "Bush Pioneer", and someone who was a major contributor to the 2004 Swift Boat ads, that person gets an invitation from Nancy Pelosi to speak before the House Democratic Caucus.
Meet T. Boone Pickens.
His plan is grabbing support from both sides of the fence, but the Democrats in particular have embraced it. This is happening despite Pickens' recent criticism of Al Gore's plan.
A full overview of his plan is at PickensPlan.com, but here are the sticking points that drive the plan:
- US Oil imports nearing 70% at $700 billion per year
- The United States uses 25% of the oil in the world
- Natural Gas is the 2nd largest natural resource in the country and accounts for 22% of the electricity produced
- There are 8,000,000 cars in the world that run on natural gas
- Wind can replace the need for natural gas in electric production
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Most RecentMost Recommended Comments (15)
at 19:48 on July 19th, 2008
JD Rucker, I like this story. It's good stuff.
An interesting piece. I liked your intro too!
There's got to be another motive behind this generous donation - it just smells a bit fishy to me.
at 20:47 on July 19th, 2008
It's not a donation. He's actually trying to make money off of it. Well, that and he's going to get an $80,000 tax credit every hour his wind farm is at full capacity.
But I've got to give Mr. Pickens his due. He knows energy. Even if he is in it only for the money (which is the best reason I can think of to start a business in the first place) he will have a better chance at getting it done than many others because he has the expertise. And he has the capital to put something like this in motion.
I personally think that wind power isn't going to solve anything (except for maybe cutting down on the bird population). Natural gas is interesting. But who really knows what is going to replace oil - or even if it will be replaced in our lifetimes.
at 20:49 on July 19th, 2008
JD Rucker, I like this story. It's good stuff.
I don't really support your sentiments (oilmen are bad?) but this is going to be a very important story for another week or so then, if it's successful, we'll hear about it again in a couple of years. Have you seen his commercials and lectures about this? Do you think he has a good plan?
at 23:04 on July 19th, 2008
Hi BigT -
I wasn't saying that oilmen are bad. I was saying that, because he's an oilman, we shouldn't assume that he's doing it for the money. He can make a TON of money by sticking with oil, especially considering recent happenings across the country and the world.
In other words, if it's just money he's after, he could play it safe and stick with the sure thing. The fact that he's an oilman gives more credibility to the plan, IMO. If it works, he will definitely make money, but I don't believe that is his intention at all.
at 18:29 on July 21st, 2008
Thanks for clearing that up for me.
at 21:12 on July 19th, 2008
Good stuff! I have been reading about this guy, and he seems pretty genuine in his philanthropic causes. Though I must admit, I despise the SBVT ads.
He probably sees this as an opportunity to capitalize on a wide open market. If he is one step ahead of everybody else I am sure he will receive some big government contracts and support for his products by the American people.
at 22:26 on July 19th, 2008
JD Rucker, I like this story. It's good stuff.
at 22:39 on July 19th, 2008
I've been talking about this guy for a while. It's good to see him get more media attention. Keep it up guys! :)
at 23:43 on July 19th, 2008
JD Rucker, good background information. When America started Electric Lighting to guys fought the scenario: Edison with DC power and Lamps and Tesla with "long distance" AC power generators from the Niagara falls including AC tube lighting. Tesla was financed by Westing House. Same run today for renewable windpower. With the surplus energy during low demand Hydrogen could be generated to store for Fuel cell cars and fuel cell heated homes. That needs innovative forward thinking people like at Edison's time. I guess you don't find them ourdays in America's mediocracy for comfort and petrol addiction as Bush says.
at 02:03 on July 20th, 2008
JD Rucker, I like this story. It's good stuff.
Should be great: Pickens Plan + Al Gore's Challenge + Barack Obama as the next President of the USA who is taking care of the climate problems and who will lead the USA to a society build on renewable energy.
There's nothing wrong with making money on renewable energy. It is the investment worthy.
http://www.nowpublic.com/environment/t-boone-pickens-has-plan-renewable-energy-pickens-plan
at 03:15 on July 20th, 2008
What a shame that the "global warming" booger which is going to be used for the government parasites to control and bleed the ignorant has to enter the picture for new energy sources. Gore gives a black eye to what should be a search for energy conservation and source improvements!
Dishonesty and ignorance taints a good and needed goal. It ain't new!http://www.businessandmedia.org/specialreports/2006/fireandice/fireandice.asp
at 03:33 on July 20th, 2008
JD Rucker, I like this story. It's good stuff.
at 03:53 on July 20th, 2008
We have to go gangbusters on all rational ways to reduce our dependency on foreign oil - extensive drilling, many more nuclear plants, biofuels not made from foodstuffs and conservation. The great problem on wind power is that you still have to build the capacity you need using fossil fuels or nuclear in order to supply the demand when the wind isn't blowing.
at 04:13 on July 20th, 2008
And let us not forget that childhood favorite way - riding a bike.
at 22:03 on December 30th, 2008
Pickens- The Man with the Scam, either, Plan
http://junkscience.com/ByTheJunkman/20080731.html
Pickens Gives New Meaning to 'Self-Government'
http://www.junkscience.com/ByTheJunkman/20080710.html
The Wind Cries 'Bailout!'
http://www.junkscience.com/ByTheJunkman/20080724.html
Is T. Boone Pickens 'Swiftboating' America?
http://www.wnd.com/index.php?fa=PAGE.view&pageId=72225
HEAT OF THE MOMENT
Pelosi, Pickens plan to pick your pocket
In Pickens own words: "The bottom line is profit!"
Further reading:
http://www.worldnetdaily.com/index.php?fa=PAGE.view&pageId=73452
The 1 and only solution to America's energy problem
Posted: August 27, 2008
http://www.worldnetdaily.com/index.php?fa=PAGE.view&pageId=72921
Hot air about wind power
Posted: August 21, 2008