T. Boone Pickens ditches wind, lobbies for natural gas subsidies
Pickens latest scheme is to extract a $64,000 federal subsidy per 18-wheeler truck, converting them from diesel fuel to natural gas. Three years ago, Texas billionaire T. Boone Pickens thrilled environmentalists when he pledged to create the largest wind power project in the world. He has since given up that plan and believes that natural gas is the best answer to energy independence.
Now, the oil magnate is going-all-in, investing in booming natural gas markets. Recall it was Vice President’s Dick Cheney’s amazing ninja deal that exempts fracking from EPA and other environmental regulations. Fracking has made billions for producers. Environmentalists, always in a state of shock, are frozen like deer in headlights, not knowing what to do, or who to call. Thus, the natural gas and mountain top removal for coal booms will continue for decades.
“You’re stuck with hydrocarbons — come on, get real,” Pickens, the 82-year-old Oklahoma native blessed with a silver tongue and a self-deprecatory, down-home charm, told the reporters. “I’ve been in meetings before where somebody says, ‘I want to cut out all coal-fired plants and go to wind.’ What are you talking about? I mean you’d run the price of electricity 10 times what it is [now]. Realistically you’ve got to use coal and you’ve got to use oil and, no, I don’t approach it from an environmental standpoint. But my record is good on the environment.”
I don't trust T. Boone Pickens, why does anybody else trust him?
The guy owns 500,000 shares in BP, and 800,000 shares of Chesapeake Bay. There is nothing he would like better than to switch out America’s addiction to oil to an addiction to Natural Gas. I don’t like him, and I don’t buy his “patriotism” - its capitalism wrapped up in the flag, if you ask me!
And, have you seen the movie, “Gasland”. Do you know about Fracking and the other harmful effects of drilling for Natural Gas?
I really think that Natural Gas is NOT the answer to our power needs!
There are other, safer, natural forces in our environment, there for the taking. They are freely given by the earth to all of its inhabitants, and they are relatively harmless, and it will not ruin the environment to harness energy in these other renewable ways.
We have wind, solar, water power, and so many other sources that are being kept from the public’s knowledge by the big corporations that definitely DO NOT WANT A BETTER SOLUTION!!
The rich bastards who own the power companies (be they oil, natural gas, nuclear, etc) don’t give a rat’s ass if they rape the world of resources, nor do they care if they poison the planet, either - they all have bunkers that they can crawl into, when they ruin the environment and make it uninhabitable…they don’t think they will need the sun, or to see trees, or breathe fresh air, or see the stars at night. They will be happy to live in a bomb shell, underground, until they die.
Well, not me. I will fight with every last breath I have to save the earth from these scourges of inhumane, selfish, greedy bastards trying to dominate all mankind with their foolish plans. I will go down fighting rather than acquiesce and accept defeat!!
“Our society is run by insane people for insane objectives. I think we’re being run by maniacs for maniacal ends.” ~ John Lennon
If there can be any positive development gleaned from the popularity of the Donald Trump radioactive campaign sewage train, it’s that he’s thoroughly freaked out some of the wealthy and self-important people who, up to this point, have been reasonably confident in their ability to determine electoral outcomes.
One of those people is billionaire T. Boone Pickens, who has thrown money at Jeb Bush and other Republican candidates only to see them wither in the face of the Trump onslaught. This is not the return on investment that Pickens was looking for, so he’s written a LinkedIn post or blog or whatever laying out his “big idea” for making sure that in the future we don’t just allow any old person to run for president: a bipartisan committee that will pre-approve acceptable candidates for the presidency.
“There has never before been a point in history when a young black guy rich off of Canadian soap operas and luxury super-rap could exchange words with a quasi-eccentric super-rich octogenarian who loves wind power. Now they can—in public. And that, simply, is awesome.”
ELI5: Why do colleges accept students who excel in sports while having bad academic merits?
Money. College football and basketball generate a lot of money and donations from alumni. Especially if you have really wealthy alumni like T. Boone Pickens. He paid for a lot of new athletic buildings. There are lots of former college players with degrees that can barely read or write but were able to run fast with a ball. Several colleges have been busted for enrolling their athletes in phantom classes where they never had to show up and still earned A’s. My best friend’s cousin played football at a college in Texas and wouldn’t have to turn in assignments or take exams in most classes.