Planet Gore

RIP, Pickens Plan

Hilarious. T. Boone has soured on the political process, wind and natural gas. Read until the end:

T. Boone Pickens: Good morning, Jeremy.

Hobson: You recently got out of Chesapeake Energy, a big natural gas producer. Why did you do that?

Pickens: Because natural gas has been a disaster. It’ll be great at some point, but today it’s trading at $2.37, and that’s pretty cheap.

Hobson: People are going to look at that and they’ll say, you know, ‘He was really hot on natural gas, then he got out of it — just like he was big on wind, and that didn’t turn out to be so good.’ What do you think is going wrong here? Why are these alternative fuels not as popular as you think they’ll be?

Pickens: Well these fuels, you’re not going to move into wind until natural gas gets up $6. OK, so wind’s on the shelf. And you’ve got natural gas, they’re moving into fuel about as fast as they can go to it. It’s a $1.50, $2 a gallon cheaper than diesel, and you have the trucks switching over to it.

Hobson: But even with oil as high as it is, and gas prices as high as they are, it does seem like Americans are sticking with the good, old-fashioned stuff that they know.

Pickens: Americans now — I’m talking about truckers and you’re talking about you. I mean, your car, you’re not going to switch to natural gas until you have an infrastructure that’ll accommodate it.

Hobson: Right.

Pickens: Now with truckers, not so. A trucker’s not ever going to buy a truck unless he has a place to fuel it, and those are going into Pilot Flying J truck stops — they’re building 100 of them right now. So that’s happening very fast.

Hobson: You’ve been in the business for decades now. Did you –

Pickens: Decades, for sure.

Hobson: Did you think decades ago that in 2012, we would still be addicted to foreign oil the way that we were back in the ’70s?

Pickens: Well, no, I didn’t think that’d be the case. But we have just sat there because of cheap gasoline over the years. We have no energy plan for the country. It’s pitiful; we’re using 25 percent of all the oil produced in the world every day.

Hobson: Do you think that Washington is ever going to get an energy policy together that you will think is a good one?

Pickens: Whether we do or we don’t, I’ve had about all this I want to fool with.

Hobson: What do you mean you’ve had all this you want to fool with?

Pickens: I mean, a Washington deal is a great amount — so much time is wasted. Very little’s accomplished. It is absolutely the saddest place to go and try to get something done.

Hobson: Do you know who you’re going to be voting for this year?

Pickens: Oh, I haven’t. I’ll only say this: I’ve never voted for Democrat in my life for president.

Hobson: All right.

Pickens: If that’ll help you.

Hobson: OK. Billionaire investor T. Boone Pickens, thanks so much for talking with us.

Well, that’s one vote for Romney I guess.

Most Popular


Holy Week with Saint Paul

Just the other day, I ordered a replacement copy of The Passion of the Christ -- it can be so impactful for Holy Week meditation. In the years since its release, it’s become something of required Lenten viewing for me. But this year, there is a new movie to help with prayer, Paul, Apostle of Christ, released ... Read More
White House

Bill Clinton Redux

Stormy Daniels could have stepped right out of the 1990s. She would have been a natural in a Bill Clinton scandal, and, in fact, all the same means would have been used against her. Donald Trump’s tactics in these cases are almost indistinguishable from the Clintons’. The effort to shut down the ... Read More
Politics & Policy

California’s Pro-Nuclear Renegade

If California’s upcoming gubernatorial race gets decided solely by money, Michael Shellenberger doesn’t have a chance. The latest campaign filings show that Shellenberger, an environmentalist from Berkeley, has about $37,000 in cash on hand. The frontrunner in the June 5 California primary, Lieutenant ... Read More

Encouraging Signs in Iraq

Last year, relations between the Iraqi central government and the Kurds reached what was possibly an all-time low when the Kurds held an independence referendum in which 93 percent of voters opted to secede. The timing was no coincidence: Iraqi forces had retreated from Kurdish territory in 2014 as the Islamic ... Read More
Film & TV

Superannuated ‘Idol’

In the pilot episode of Fox’s American Idol, Simon Cowell defined the show’s thesis: “We are going to tell people who cannot sing and have no talent that they have no talent. And that never makes you popular.” The show’s producers and its three judges -- Cowell, Paula Abdul, and Randy Jackson -- kept ... Read More