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T. Boone Pickens Invested in the Failure of Alaska Gas Pipeline
Conservatives4Palin ^ | Friday, June 19, 2009 | Daniel Terrapin

Posted on 06/19/2009 6:39:26 PM PDT by Bratch

While Governor Palin is doing her part to progress the largest private sector energy project in the world, there are those who still lack the vision to fully grasp the significance of an Alaska gas pipeline that would deliver natural gas to the Lower 48 states.

In her recent interview with CNN, Governor Palin was asked to react to the claim that Alaska gas may not be needed, due to what the Wall Street Journal called a "natural gas glut." She correctly labeled this view as "short sighted," and noted that natural gas demand is projected to increase significantly by the time the pipeline is built. Governor Palin also pointed out that ExxonMobil, the largest company in the world, and TransCanada, a world-class pipeline construction company, would not have aligned to deliver Arctic gas to the Lower 48 if it was not economically viable.

On Wednesday, T. Boone Pickens, a wealthy oil investor who has expressed an enthusiasm for natural gas, made some perplexing statements about the Alaska gas pipeline.

(Excerpt) Read more at conservatives4palin.com ...


TOPICS: Business/Economy; Politics
KEYWORDS: energy; greed; naturalgas; palin; pickins
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It's all about the benjamins.
1 posted on 06/19/2009 6:39:27 PM PDT by Bratch
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To: Bratch

my comment here would be to FP’ers to recollect -

Do you remember prior to and immediately aft the glut of T.Boone Pickens on tv about wind power? it seemed everytime you tuned in- there he was . He’s a private investor yet to me he appears as a energy grifter. The distinct impression of a low-life Ross Perot


2 posted on 06/19/2009 6:46:46 PM PDT by MissDairyGoodnessVT (Mac Conchradha - "Skeagh mac en chroe"- Skaghvicencrowe)
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To: Bratch

He should try running his business on windmills.


3 posted on 06/19/2009 6:48:53 PM PDT by exist
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To: MissDairyGoodnessVT
yet to me he appears as a energy grifter.

Your instincts are quite correct.

4 posted on 06/19/2009 6:52:49 PM PDT by Lurker (The avalanche has begun. The pebbles no longer have a vote.)
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To: Bratch
The article says it all. Pickens is protecting his investment in unconventional shale gas which is more expensive to take out of the ground than North Slope gas.

Good luck with that, Boone. Because we will need all the domestic gas we can get by 2030, you'll probably make a bundle anyway, or your heirs will.

Drill, baby, drill.

5 posted on 06/19/2009 6:53:49 PM PDT by Al B.
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To: MissDairyGoodnessVT
Pickens is just looking out for himself and no one else. The Alaska pipeline is a clear threat to his own investments, so it's in his interest to criticize it.

He's just another crooked corporate raider feasting off this country's incoherent, dysfunctional energy policy.

6 posted on 06/19/2009 6:54:34 PM PDT by Virginia Ridgerunner (Sarah Palin is a smart missile aimed at the heart of the left!)
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To: Bratch

Seems Pickens has a stake in another shale gas venture. He should be happy about the gas in AK except he doesn’t because he doesn’t have his hands in it. Doofus.


7 posted on 06/19/2009 7:01:45 PM PDT by Marysecretary (GOD IS STILL IN CONTROL!)
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To: Virginia Ridgerunner

Don’t you think he’s a thief as opposed to a crook? I think he’s a thief


8 posted on 06/19/2009 7:13:14 PM PDT by MissDairyGoodnessVT (Mac Conchradha - "Skeagh mac en chroe"- Skaghvicencrowe)
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To: Bratch

It’s OK Mr. Pickens. Obama has repeatedly promised to save or create a green job for you.


9 posted on 06/19/2009 7:24:13 PM PDT by Costumed Vigilante
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To: exist

He sure tilts at them well. Besides the Pipeline would cut into his windmill profits... ya think... maybe just advertising against the competition?


10 posted on 06/19/2009 7:28:18 PM PDT by Danae (Amerikan Unity My Ass)
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To: Bratch

actually in the last two years or so the amount of natural gas discovered in northwest louisiana and elsewhere makes alaska gas unnecessary. basically US reserves natural gas reserves went from 10 years to 100 years in the space of about 24 months.


11 posted on 06/19/2009 7:42:18 PM PDT by ckilmer (Phi)
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To: Bratch

t boone pickens believes that US trucks should be run on natural gas. Its what the Indians have done. Doing so would cut US demand for oil by about 40%. that would almost completely kill the oil import bill and collapse the cost of gasoline.

the windmill stuff isn’t such a good idea.


12 posted on 06/19/2009 7:44:25 PM PDT by ckilmer (Phi)
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To: Bratch

I’m pretty sure he voted for Obama too.


13 posted on 06/19/2009 7:53:38 PM PDT by BigSkyFreeper (There is no alternative to the GOP except varying degrees of insanity)
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To: ckilmer

You got that right!


14 posted on 06/19/2009 8:17:45 PM PDT by shove_it (and have a nice day)
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To: ckilmer

Not if we start running the trucks on it.


15 posted on 06/19/2009 8:19:34 PM PDT by Harmless Teddy Bear (I miss the competent fiscal policy and flag waving patriotism of the Carter Administration)
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To: ckilmer

Nonsense.

The estimates of the Haynesville Shale reserves in Louisiana are all from industry sources, which tend to be more wildly optimistic than USGS estimates.

The Alaskan reserves are USGS estimates, which while more conservative than industry estimates, are more reliable indicators.

The bottom line is if our country makes a large-scale commitment to natural gas for heating, electricty generation, and as a motor fuel, we will need enough of it to tap all of our major gas fields.

It’s a distinct possibility now that the tree-huggers are in a position of power. The don’t want nukes, they hate coal, and they’re finding out that ethanol causes more problems than it solves.

Natural gas burns much cleaner than coal or any other fossil fuel, and the huggers will soon discover that the renewables they think are a panacea won’t makee economic sense for at least four more decades. All roads lead back to good old methane.

Not only does Alaska have trillions of c.f. of regular deposits, it also is rich in gas hydrates, which are technically recoverable.

The pipeline makes sense for the long term.

- JP


16 posted on 06/19/2009 8:31:02 PM PDT by Josh Painter ("The trouble with Socialism is... you run out of other people's money." - Margaret Thatcher)
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To: ckilmer

Nonsense.

The estimates of the Haynesville Shale reserves in Louisiana are all from industry sources, which tend to be more wildly optimistic than USGS estimates.

The Alaskan reserves are USGS estimates, which while more conservative than industry estimates, are more reliable indicators.

The bottom line is if our country makes a large-scale commitment to natural gas for heating, electricty generation, and as a motor fuel, we will need enough of it to tap all of our major gas fields.

It’s a distinct possibility now that the tree-huggers are in a position of power. The don’t want nukes, they hate coal, and they’re finding out that ethanol causes more problems than it solves.

Natural gas burns much cleaner than coal or any other fossil fuel, and the huggers will soon discover that the renewables they think are a panacea won’t makee economic sense for at least four more decades. All roads lead back to good old methane.

Not only does Alaska have trillions of c.f. of regular deposits, it also is rich in gas hydrates, which are technically recoverable.

The pipeline makes sense for the long term.

- JP


17 posted on 06/19/2009 8:31:02 PM PDT by Josh Painter ("The trouble with Socialism is... you run out of other people's money." - Margaret Thatcher)
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To: Josh Painter

Dang, double post. Sorry...


18 posted on 06/19/2009 8:31:55 PM PDT by Josh Painter ("The trouble with Socialism is... you run out of other people's money." - Margaret Thatcher)
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To: Josh Painter

Dear Ms Smith

Please excuse little Tommy for being late for school today. You see, our windmill quit sometime after midnight and the backup solar panel did not kick in until seven this morning. I understand zero is working on a fix for this, but with all the other things he is fixing, this is way down on the list.

Sincerely,

Tommy’s mom


19 posted on 06/19/2009 9:26:37 PM PDT by woodenickel
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Methane can come from ground deposits, landfills, biomass or animal waste. If it decays, it can be used.


20 posted on 06/19/2009 9:51:09 PM PDT by ak267
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