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  • T. Boone hard-wired for subsidies

    07/24/2008 4:50:56 PM PDT · by calcowgirl · 38 replies · 217+ views
    Financial Post ^ | July 24, 2008 | Jerry Taylor
    - Jerry Taylor is a senior fellow at the Cato Institute. Virtually every claim made by T. Boone Pickens to justify the lavish subsidies he is seeking for his wind energy investments is flat wrong. First, oil imports are not the cause of high gasoline prices. On the contrary, oil imports serve to keep gasoline prices down. After all, we import oil for a reason -- it's cheaper than the domestic alternative. If we were to restrict our energy diet to energy produced in the United States, it would make domestic energy producers (like Mr. Pickens) far richer and energy...