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California Sends Pickens Packing - Prop 10 Loses
Market Watch ^ | 11/5/08

Posted on 11/05/2008 2:12:49 AM PST by bruinbirdman

Outspent 130 to 1, No on 10 Campaign Stops Oil Tycoon's Money Grab

The No on Proposition 10 campaign claims an early landslide victory as election night results from throughout California indicate a lopsided defeat of T Boone Pickens' ballot measure.

"California voters didn't fall for a Texas oil tycoon's $10 billion money grab, no matter how much he spent camouflaging it as green," stated Richard Holober, spokesman for the No on Prop 10 campaign, and Executive Director of the Consumer Federation of California.

"Proposition 10 is the ultimate example of a wealthy special interest abusing the ballot initiative process to enrich itself. We built a coalition of major environmental, consumer, business, labor, taxpayer and civic organizations that triumphed over Prop 10's $23 million war chest. The defeat of Prop 10 sends a signal that California's ballot initiative process is not for sale to the highest bidder."

Mr. Pickens' Clean Energy Fuels Corporation contributed nearly $19 million to the Yes on Prop 10 campaign. Chesapeake Energy and its owner Aubrey McClendon donated $3.5 million to the Yes on 10 campaign. Clean Energy is the nation's largest operator of natural gas fueling stations, and Chesapeake is the largest independent producer of natural gas in the U.S. Both corporations would have made a fortune under Prop 10's multibillion dollar giveaway program to create a market for natural gas-fueled trucks.

The No on Prop 10 campaign raised about $170,000. The defeat of Proposition 10 is the first test of voter support for the self-styled "Pickens Plan." News reports state that Mr. Pickens has spent $58 million on national television ads since July promoting his plan. One key component of his plan is the conversion of vehicles to run on natural gas. Pickens Plan ads do not spell out who pays for this conversion,

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


TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: tboonepickens

1 posted on 11/05/2008 2:12:49 AM PST by bruinbirdman
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To: bruinbirdman

These greenies are so stupid. By the way with Obama in there will be no drilling for new oil and we will be at the mercy of OPEC.


2 posted on 11/05/2008 2:20:42 AM PST by tallyhoe
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To: tallyhoe

Obama will drill....once he sees the reality he will have to besides I am working on Bill Ayers and REv Wright to tell him that he has to drill.


3 posted on 11/05/2008 2:42:37 AM PST by MAD-AS-HELL (How does one win over terrorists? KILL them with UNKINDNESS)
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To: tallyhoe
...with Obama in there will be no drilling for new oil...

It's going to be an exciting four years.

Our experiment with communism will be fun. We can experience what other nations experienced for decades. Cloak and dagger, children ratting on their parents, neighbors ratting on their neighbors, walking the RR tracks with a gunny sack to collect spilled coal, scrounging for corn cobs to replace expensive toilet paper, getting to like horse meat, it will be a new experience every day.

Socialized medicine, a communist soopreme kort, poverty for everyone except the Democrat Party bosses.

We can start the payback ball rolling by first canceling our subscriptions to the leftist newspapers. I canceled mine yesterday and told them why.

Just think. Within a year you'll never find anyone who voted for Obomba.

What decent American would ever want to run for president again? We have a lot to thank el presidente Bush for.

4 posted on 11/05/2008 2:56:01 AM PST by IbJensen (Obombazombies have given America to the Communists!)
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To: tallyhoe
These greenies are so stupid. By the way with Obama in there will be no drilling for new oil and we will be at the mercy of OPEC.

They want to make every state more like New Jersey and California.

5 posted on 11/05/2008 3:48:23 AM PST by alrea
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To: IbJensen

I stopped my leftest newspapers about 2003.


6 posted on 11/05/2008 3:55:48 AM PST by AmericaUnite
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To: AmericaUnite

I thought I needed the rag for my crossword puzzle, but get tons of them online.


7 posted on 11/05/2008 3:57:22 AM PST by IbJensen (Obombazombies have given America to the Communists!)
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To: IbJensen
No new oil.
No coal power plants.
No natural gas power plants.
No nuclear power plants.
Guess everyone needs one of these


8 posted on 11/05/2008 4:02:06 AM PST by Kozak (USA 7/4/1776 to 1/20/2009 Requiescat In Pace)
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