Posted on 07/29/2008 4:06:53 AM PDT by shrinkermd
Why do we, as a country, want to invest in expensive technology when good, cheap, well developed energy sources are available in abundance and without subsidy, if we just lift the restrictions? This is madness!
The government should just get the Hell out of the way and let the markets take care of this. If Pickens can make a buck on CNG and windmills, he should. If he can't make a buck, he has no business doing it."
ding, ding, ding... we have a winner...
This needs repeating.
Thanks Grid.
jw
Please note that subsidies for Pickens' plans come AFTER he has invested multi $billions of sweat equity.
Follow the money and where it will go.
So your argument is that since that guy has a hand in my right pocket, you should be permitted to pick left pocket? The appropriate response is to get all hands out of my pockets but my own...
Please note that subsidies for Pickens' plans come AFTER he has invested multi $billions of sweat equity.
Pickens is quite up front is telling us that the purpose of his plan is to realize the gains from the subsidies. We should believe him when he says this. The reason for this work is to get paid by the government.
Anthony Rubenstein is a competitor (he has a clean energy venture with China) of T. Boone Pickens and his article is a hit piece from the LA Times.
Anthony Rubenstein’s Summary
Tony is a business development and communications strategist with an in-depth knowledge of Clean Energy. Tony is currently co-founder and Managing Partner of SinoTransPacific Ventures, a cross border investment advisory firm focused on CleanTech opportunities in China. SinoTransPacific is currently engaged with a major Chinese State-Owned Wind Turbine manufacturer in the creation of a foreign investor joint venture for the purpose of value growth through technology acquisition, global business development, and mergers & acquisitions leading to a planned IPO in 2011.
Tony is the former Chairman and founder of Californians for Clean Energy, the force behind the 2006 Proposition 87, the largest Clean Energy referendum in U.S. history. Tony recruited and led the group of renowned scientists, businessmen, environmentalists and others who formulated Prop 87’s policies, headed a $54 million fundraising effort, and recruited leaders in the Clean Energy sector including the Solar Energy Industry Association, the Renewable Fuels Association, and the American Council on Renewable Energy. Among noteworthy supporters of Prop 87 were Bill Clinton, Al Gore, Google’s Eric Schmidt, Larry Page and Sergey Brin, tech entrepreneur Elon Musk, venture capitalists John Doerr and Vinod Khosla, and Lawrence Bender, academy award winning producer of “An Inconvenient Truth”.
Tony was a Boardmember and Director of Corporate Development for the non-profit L.A. Works, Los Angeles’ largest community service action center. Tony designed and executed community service programming for Fortune 500 clients that resulted millions of dollars worth of charitable value delivered to inner city public schools and non-profit agencies.
Tony holds a B.A. from the University of San Francisco and an MBA from the UCLA Anderson Graduate School of Management.
Anthony Rubenstein’s Specialties:
Corporate communications, Strategic communications, Business
Development, Finance, Coalition Building, Fundraising, Extensively Media Trained, Pursuasive Communication. Project Management, International M&A, China National Business practices especially in clean tech (including Solar and Wind).
Good find! Got a source?
I have no doubt that Mr. Pickens will make a profit on this venture. However, the only reason he will make a profit is because the government is going to shovel my money into his bank account. The windmill is just the window dressing used to sell the whole scam.
Now, forgive me if I don’t give a rousing cheer as my money and the money of millions of ordinary Americans is used to pad the bank accounts of Billionaires. I know this happens already, but that does not mean I have to approve as it happens to me again.
Then his plan makes no sense.
You got that right!
Actually, natural gas is inexhaustable. Everything that eats produces it, and everything that rots produces it. It is being produced whether we use it or not, AND methane is much worse than co2 as a green house gas. To top that off, when you burn methane in an engine, in many cases the engine exhausts cleaner air than it drew in.
This profile was automatically generated using 60 references found on the Internet. This information has been verified by Anthony Rubenstein
The free market will always be the superior method of picking winners and losers.
If Mr. Pickens ideas are so great, he should invest a little more of his skin and less of mine. There is never a loss of investors for truly great ideas.
Neither is advocating government solutions to private problems.
Oh, thank you for being so gentle with widdle ol' me...
do not decry the success of others..emulate them as best your abilities allow ..sour grapes is not becoming of a conservative.
I do not begrudge Mr. Pickens anything that he has earned in the oil business by the sweat of his brow or by taking risks with his money. That is the American Way, and it benefits us all.
PS mr picken has risked billions on this effort (his own money) when you have no skin in the game it is easy to find faults.
Mr. Pickens is now risking his money to get subsidies, not energy. The place to drill for energy is over an oil field, not in Washington DC or Sacramento. The purpose of his plan is to exploit an irrational subsidy policy in order to fleece the taxpayer. Mr. Pickens has seen an opportunity created by flawed public policies, and he is moving to expoit it. Unfortunately, this in the New American Way, and it benefits nobody except the person getting paid.
As for having no skin in the game, I pay taxes like everybody else. That is the money Mr. Pickens is angling for, so I most definitely have some skin in this game. And since I have comparitively less skin than Mr. Pickens, every bit of mine is more dear to me.
If you do not believe that basic principle, you are on the wrong site.
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