Posted on 09/01/2012 6:38:40 AM PDT by Hojczyk
On Aug. 29 the biggest proponent of the NAT GAS Act, Mr. T. Boone Pickens, decided that some battles simply aren’t worth fighting any more.
T. Boone Pickens said natural gas vehicles can survive just fine without Congress approving his so-called Pickens Plan.
“It’s going to happen, and you don’t have to have Washington do it, thank God,” Pickens said at Wednesday’s energy luncheon hosted by POLITICO…
And Pickens strongly suggested that he doesn’t have any plans to try to push his plan anymore in the nation’s Capital.
“I will not go back to Washington again unless it’s for a social event,” he said.
He also took a moment to toss in a comment on his previous wind energy proposal.
The billionaire and former oil baron also lamented that while his plan initially promoted wind energy, that hasn’t worked out so well.
“I’ve lost my ass” to wind-energy investments, he conceded.
The American Conservative Union was popping champagne over this while the rest of us were whooping it up in Tampa.
American Conservative Union (ACU) today issued the following statement from ACU Chairman Al Cardenas:
“We are thrilled to hear that T. Boone Pickens has thrown in the towel on the NAT GAS Act. It was a classic example of the federal government attempting to pick winners and losers within an industry and that’s why the ACU fought so hard against this misguided policy. ACU will continue to monitor this legislation and will act swiftly to make sure that the NAT GAS Act does not go anywhere”
Many of the strongest supporters of natural gas exploration, including yours truly, have lined up against the NAT GAS Act. This doesn’t mean in any way shape or form that we oppose the exploration, development and use of natural gas. It’s a great, abundant energy source with a ton of potential for America.
But as always, government subsidies are not the answer to whatever problem some members of Congress think they’re trying to fix. This form of energy will succeed if it’s economical and competitive in the market. (And it certainly looks like it is.) We don’t need Uncle Sam’s thumb on the scale. Let’s hope this represents the closing chapter of this story.
Pickens was and is a tool. He didn’t lose anything, he just didn’t make the billions that he thought he’d make by making a deal with the devil. I wish he’d of lost “his ass”, cause he sure sucked up to the government and the environ-wackos in order to catch some money they were throwing out the window.
Wind....blow it out your ear....Just plain stupid when better options are available.
And stop the damn ethanol garbage. Corn was double the price this year and who can afford beef??
Actually, ANY energy inititative whether coal, water power, wind power, animal power, sun power, gas power, or nuclear power will never be accepted by the green and environmentalist movement because they are anti-human to begin with.
They would complain even about ‘magic’ power because it wouldn’t be accessible by the handicapped or some such dumb crap like that (yeah! I used that word - deal with it).....
This is the same T Bone Pickens who tried to cheat ranchers out of their water rights in the TX Panhandle so he could sell it to the Ft.Worth/Dallas Metroplex.
He is never to be trusted when there is a buck to be made.
“Corn was double the price this year and who can afford beef??”
Not just beef. It raises the costs on chicken and farm raised fish as well.
I’ve had three late model (2005 or newer) vehicles that have had PO2 O2 Sensor Problems that kept recurring. It is because of the ethanol content in gas. I finally bought a CAN2 OBD diagnose/reset tool to deal with. Just reset it every time it happens.
I’m lovin’ it!
I think Pickins was playing the political market and he deserved to lose. Not the wisest thing to place your bet on now was it Mr. Pickins.
I hope you learned your lesson that Washington ain’t your investment partner.
Except nat gas vehicles do make sense. An MCF of natural gas sells for $3.25 and has the equivalent of 7.3 gallons of gasoline, which costs $30 at the pump. A huge multiple, and the conversion on a pickup truck takes 4 hours! This is happening, hopefully government gets out of the way.
More jobs in America, less money going to terrorist nations, and more take home pay for our citizens. You would think the $#$@ing idiot Democrats would be all over this - but no! Obama would rather see our treasure going to former colonies, as he bows in front of Arab sultans. Obama will bleed this nation white, through the issuance of sick debt and ransacking the treasury. Thousands more can be employed in energy, with high paying jobs, and he prevented that from happening.
He wants to ‘equalize’ the world and diminish America. If you revisit the lectures of Jeremiah White, Bill Ayers, Edward Said, Frank Marshall - it will all be there.
T-Bone Pickens is a wealthy fool like Buffet.
That’s sad. Using natural gas for transportaion would change a lot of things for the better. Iran for one would be sucking air when oil prices plummeted. The Saudis wouldn’t be financing Arab spring festivals when their reserves dropped off a cliff either.
>>A huge multiple, and the conversion on a pickup truck takes 4 hours!
Really? I’d like to learn more about that. Do you have a link to a product you recommend?
I’ve been wondering about this for some time. Forget about electric, natural gas seem to be the way to go for the auto industry.
My supermarket no longer sells beef, but they will allow you to look at some for a dollar admission fee.
My supermarket no longer sells beef, but they will allow you to look at some for a dollar admission fee.
Can you get a lap dance?
And he didn't cheat anybody, they were all willing sellers
I suppose there's clubs for that, too.
Natural gas cars are OK but a large infrastructure change. We can convert natural gas and coal to ethanol and use the ethanol in the cars we already have. Then corn can be used for food.
” Governments don’t build things, markets do. “
Pithy quote of the day. Says it all. It will work on its own, or it won’t work. Leave it alone and see what happens naturally.
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