Tuesday, July 22, 2008

T Boone Pickens Plan To Save Us From Foreign Oil

Over a year ago, I read a T. Boone Pickens interview in Playboy Magazine. He made an outrageous claim that $55/barrel oil was heading towards $100/barrel sooner than we could imagine. It sounded like crazy talk. But it made me nervous so the next day I bought up shares of a crude oil tracking ETF that trades under the ticker, OIL. Smartest thing I'd done in a while. Well, Pickens is now in the public eye with his Pickens Plan. His answer to end dependence on foreign oil by leveraging mostly domestic natural gas and solar power. Now, the thing about Boone is he's a business man. So you gotta assume his campaign is motivated by business. And he's one smart business man. If I remember correctly, he made an ill-conceived investment in ethanol but has since corrected course. I think it's worth keeping Pickens on your radar and hearing what he has to say. Check out his website and welcome video below:

10 comments:

Anonymous said...

Yes...when business people get nervous (loss of acceptable profit margins ~ at least the kind of margins they want)then you know we are definitely in for it....he does have some very reasoned and doable "short-term" ideas that could provide a "bridge" to getting us to more sustainable and permanent changes in our energy sources & consumption both in terms of volume and type (domestic renewable resources ~ wind and natural gas as opposed to unnatural gas)....hey, I say...let her rip!

When the "Pickens" are slim... listen to T Boone "Pickens!"

Mary

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Well its business and I don't think that Picken has done any thing new.

Anonymous said...

This billionaire bastard made shit tons of money off oil consuming (every) americans during the last two decades....now he's just gonna fleece us again, but this time with wind. I bet he wants huge gov't subsidies (ie. taxpayer dollars) to help pay for it, then he'll reap the rewards...or windfall. ahhahhaha.

A disgruntled citizen

Anonymous said...

Who will reap the rewards? The whole country...or maybe you would like to keep the big oil barons/speculators in business?... A bag of wind like you, (third Anonymous down) is why we are still stuck where we are in this country. We are a nation of consumers...oil is only part of the equation. Get a life!! ha!

Anonymous said...

Hey douchebag, why are you worried about what i think? And by the way...yah, smart defense, allow the oil barons and speculator to be wind barons and speculators. Cause, you know..we're consumers...so its cool. Try not to be such a fucking idiot. I know its hard, but just try.

Anonymous said...

Ok, Ok you can have the last word, "Disgruntled Citizen" I obviously touched a nerve...too bad you can only dish it out, but can't take it. Why not try and think about all the people who cannot pay for heat and the fact that the foreign oil producing countries have us by the balls...you missed my point completely...so who is the fucking idiot?

Anonymous said...

I dont have the last word if you just emailed another response dipshit. And, fyi your sentence about how I should 'try AND think' is so retardedly constructed, I think I feel sorry for you.

ExxonMobil just posted a record breaking quartly earnings of 11.7 Billion, (22.57 Billion in 6 months of 2008) yah it must be all the foreign folk that are making heat unaffordable. Its cool, we're just consumers anyways, thats what we do, consume. Good stuff... and yah, I got the original point, but you put it so inelegantly it made me want to puke.

Anonymous said...

I think the word you are eluding to is the negative side of eloquent...not elegant.... Oh and would you rather I say: try TO think rather than try AND think...you must be from the warm side of the country because you obviously don't give a shit. Duh, everyone knows about ExxonMobil's profits...old news. It is NOT cool to just be consumers...hopefully we will become conservers, along with developing alternative sources of fuel and energy.

Anonymous said...

look, i dont think we're too far away from eachother on policy...we just got off to a bad start. We're both for independence from the world...I'd also bet we're both mad about our deficit and our 9 trillion dollar debt....our country has some work to do...and I'm just negative and skeptical because of the last 7 years. Hopefully we can right the ship...if another republican wins...and we continue our dependence on oil, and continue spending our grandchildren's money, we're never going to survive. Our republic is going to be on the verge of collapse. Every empire has its time in the sun...and cannot last forever, and it seems as though ours too may not last forever at the rate we're going. Invading countries, spending irrationally, alienating ourselves from the world...its been a rough 7 years. Good luck to us all.

Anonymous said...

I agree. We are not very far apart on policy. Thanks for the heated debate. A good chance to blow off some steam. Hopefully, this current empire will dissolve soon and we will have leadership that is truly for the people...all the people.