“We Are Absolutely Funding the War…”
“…against us.”
T. Boone Pickens talking to Maria Bartiromo a few minutes ago. Gobs of great information delivered in that spare, to-the-point way he has.
Oil’s staying at at least $100pb due to a static 85 million bpd production, but ever increasing demand. It may drop a tad below, but not far. No place here to get any more, since ANWAR’s off the table as well as western government lands. (“Got a Democrat Congress.” ::snort::) So he’s long on oil.
How do we get out of it? “Natural gas. Best thing we have going for us. Plenty of supply and home grown.” He suggests taking NG out of power production and switching it to transportation, using nuclear, clean coal and wind generation to take up the slack. Boone’s already put his money where his mouth is on the NGV idea and is getting ready to announce his financing ~ with no partners ~ of the largest wind farm operation to date (4000 megawatts), which is 6 times bigger than anything now.
Biggest surprise? In her intro, Bartiromo said, “Author of ‘The First Billion is the Hardest'” and the 80 year old pointed out he didn’t have his first billion made until he hit 70.
There’s hope, then, if I can stay away from QVC long enough.
Humanity...or the Lack Thereof | tree hugging sister | 
April 29, 2008 4:55 pm
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Not to be cynical, but is he putting his money where his mouth is, or is he putting his mouth where his money is?
I’m not saying his approach is wrong, gas is a much better fuel for vehicles than liquid gases are (it’s only because we’ve got 100+ years of technology devoted to aerating/carbuerating gasoline that it’s gotten at all efficient and gas doesn’t need that), but it is awful conveeeeenient that he gets on a stump for a speculation that he’s invested in.
There’s no reason why it can’t be both, Skyler. I have no problem with that, as long as we reduce our dependence on ME oil.
A businessman stumping his own business, Skyler. I have to admit, that’s so……..capitalistic.