The “Pickens Plan” Is More About Enriching T. Boone Pickens Than Saving The Environment
And enriching Nancy Pelosi too, as it turns out:
TV commercials touting a new clean energy strategy and an environmental ballot measure in California have one thing in common: If they succeed, they’ll make investors – from “big oil” to the U.S. Capitol – a lot of money.
The ads champion Texas oil billionaire T. Boone Pickens’ “Pickens Plan” to move the U.S. from foreign oil dependence to domestically produced wind power and natural gas fuel for automobiles. The plan is touted as a cleaner, more eco-friendly alternative to our current reliance on coal power and gasoline. . . .
Not surprisingly, the nation’s largest provider of natural gas for transportation, Clean Energy Fuels Corporation, or CLNE, has a great deal to gain from the adoption of Pickens’ fuel strategy . . .
CLNE, however, was formerly known as Pickens Fuel after its primary investor, T. Boone Pickens.
While Pickens touts a plan in the name of environmentalism that will also line his company’s pockets, a #dontgo investigation has revealed that another environmental champion and backer of Proposition 10 has also invested in CLNE: House Speaker Nancy Pelosi of California.
A friend and I were recently discussing the “Pikens Plan” and the claim by T. Boone himself (in the television ads for the plan) that his plan requires no government support. The truth is that wind energy is heavily subsidized by the government through a production tax credit and the Pickens Plan does nothing to change that, which means that Pickens himself is lying. Blatantly.
Wind energy has a lot of problems. It’s inconsistent (during peak times of consumption, when the weather is really hot or cold, there tends to not be a lot of wind) and thus has to be backed up by power plants that can provide enough electricity to meet peak demand lest power consumers face blackouts. Which is needlessly redundant. It’s also terribly expensive to produce, and would not be competitive with other sources of electricity without the big government subsidies.
There’s also a problem with powering our nations hundreds of millions of vehicles with natural gas. If that happens, what happens to all the people who use natural gas to heat their homes? And heat their water? And power their electric plants? Do their natural gas bills go through the roof as vehicles start to compete for access to the gas? And what about the fact that natural gas has already been freely available to the American public for their vehicles for at least a decade now? I know that in my home town there’s a natural gas filling station for vehicles, as well as shops that will convert your vehicle to natural gas. I’m sure that if Americans checked most of them would have access to similar resources in their communities.
So why aren’t more people utilizing them? Because gas is cheaper and easier to use.
But Pickens sells natural gas and wants us to use it. Because it makes him and his cronies rich.



