Archives


T BOONE PICKENS | Who Is He? And What Does He Want?

Have you seen this ad?

And here's something about T Boone Pickens and his neo-eco campaign, as editorialized in today's New York Times:

T. Boone Pickens, the legendary wildcatter and corporate raider, has decided that drilling for more oil is not the answer to the nation’s energy problems. President Bush should listen to his fellow Texan and longtime political ally.

Go to The Board » The 80-year-old Mr. Pickens does not oppose drilling. He’s been doing it for most of his life. Nor has he become a born-again eco-warrior (a conservative, he helped underwrite and made no apologies for the Swift Boat campaign against John Kerry). But he knows something that his friends in the White House won’t acknowledge: that a nation holding less than 3 percent of the world’s oil reserves while guzzling 20 percent of the world’s production will never be able to drill its way out of its dependency on foreign oil.

He also considers it absolute madness — financially and in terms of national security — to be spending $700 billion every year on imported oil produced in volatile and in some cases hostile countries.

His answer is to develop wind power in states with steady, forceful winds (like Texas) and use it instead of natural gas to produce electricity (natural gas now generates about one-fifth of the power in the United States). He would then use the natural gas saved to fuel cars and trucks. He predicts that oil imports would drop by 40 percent and the country would save $300 billion a year.

Mr. Pickens is putting his money where his ideas are, and in Texas he has begun assembling the pieces of a huge wind farm. He estimates the cost at $6 billion to $10 billion (his Mesa Power is the lead investor but his personal stake is unknown).

Read the full editorial here.

While I still don't personally care for T Boone, I do think he's got at least half a good idea here. Of course, his motives will end being extremely profitable for him (which isn't a bad thing necessarily), but his plans still keep American cars dependent on oil, which completley unnecessary in this day and age........

TrackBack

TrackBack URL for this entry:
http://www.productshopnyc.com/cgi/mt/mt-tb.cgi/2907

Comments (2)

bailey gill:

He wants our land, water, oil, wind, and money. And he wants more power to add to his legacy before he croaks, just like a politician.

t. boone pickens is actually from my hometown of holdenville, oklahoma. and yeah, he's an ass. but this is a surprisingly advance idea for a man who made millions from oil.

Post a comment

PSNYC Newsletter:
Search This Site:

Interact

Disclaimer

  • Songs posted on this blog are for exploratory purposes and sampling only. Please do not link directly to any of these tracks. If you like a track, support the artist by buying their record, going to their show, and wearing their t-shirt. If you are the copyright holder of any sound file posted and would like the song removed, please contact us.

Comments

Links

RSS

  • Syndicate this site with RSS 2.0
  • Syndicate this site with ATOM