Thursday, August 7, 2008 , Updated
T. Boone Pickens’ energy plan may be self-serving scheme
Pickens' plan would make for a cleaner world and make him richer -- nothing wrong with that, right?
Okay, remember that plan by T. Boone Pickens to cure us of foreign oil dependency? Yeah, he may have just been proposing that to fatten his own wallet. Turns out that Clean Energy, the biggest provider of natural gas for transportation in California (and a company Pickens founded) has been pushing a ballot initiative that would put $5 billion toward renewable-energy incentives, such as, say, buying cars that run on natural gas, who would then have to buy said gas from Clean Energy.
Pickens claims he has enough money (and with an estimated net worth of $3 billion, I wouldn't doubt it) and that he's never denied that his energy plan could benefit him financially, but that his motives are more altruistic than personal financial gain. Wonder how one could measure that...?
Posted by Alex B.
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snowboard9, says:
I don't mind that business people profit from clean energy alternatives. In fact, I think it is GREAT to see have clean energy be a profitable path to free us from middle east oil.
I'm looking forward to more investments in the area for Pickens and others. I'm especially looking forward to ridding Bush and his cronies from the Whitehouse even if it means having him live near my house in Highland Park. Although I hope he decides to move to Whacko, Texas where he belongs.
Anonymous
1 year, 3 months agoLink to this comment | Suggest removal
Billusa99, says:
The point is that T. Boone is pushing mandates to have states invest your tax dollars in their business interests.
Connect your own dots from there...
Anonymous
1 year, 3 months agoLink to this comment | Suggest removal
David Gouldin, says:
I'm not sure how anybody can propose an energy alternative that would require a significant change in infrastructure as a near future step toward reducing dependence on foreign oil. If we're going to shoulder significant build-out costs, it might as well be for a longer term (read: renewable) solution. IMO, using off peak electricity is the best short term solution. It provides both the benefits of using existing equipment and economy of scale that will continue to improve as power plants find ways to increase efficiency and convert to renewable sources of energy. I'm waiting and watching for plug-in hybrids and (more affordable) all electric cars.
Staff
1 year, 3 months agoLink to this comment | Suggest removal
xdavidwattsx, says:
That already happens but our tax dollars go to subsidize big oil. Cause they totally need it.
Anonymous
1 year, 3 months agoLink to this comment | Suggest removal
David Gouldin, says:
So clearly the solution is to cap their profits and redistribute the excess to the public as rebate checks ... :/
Staff
1 year, 3 months agoLink to this comment | Suggest removal
Jason Rice, says:
snowboard9, your neighborhood may be <a href="http://www.guardian.co.uk/world/2006/oct/23/mainsection.tomphillips">safe</a> for now.
I'm torn because yes, it takes the devil we know but replaces it with a twin. Renewable- anything else is just a stopgap.
Verified
1 year, 3 months agoLink to this comment | Suggest removal
xdavidwattsx, says:
Capping profits is debatable, but certainly we can stop the tax SUBSIDIES to big oil.
Anonymous
1 year, 3 months agoLink to this comment | Suggest removal
John McClelland, says:
At least someone is taking wind energy seriously. Let's be realistic. Any company that is in the energy business, regardless of the type of energy, is going to get government subsidies to be able to get the job done. We all know that companies are out there to make a profit.
The US and Texas governments have to be serious about alternatives to oil to solve our energy crisis. Wind energy and others are the way out. But we have to have the infrastructure built, and we need to build it now.
Verified
1 year, 3 months agoLink to this comment | Suggest removal
Billusa99, says:
Just another view of T. Boone's "altruism" and your tax dollars. Watch out.
http://www.latimes.com/news/opinion/l...
Anonymous
1 year, 3 months agoLink to this comment | Suggest removal