Tuesday, July 07, 2009

Pickens Plan Tanks

T. Boone Pickens, a Texas oil man, was going to put wind farms in west Texas. He spent a fortune and then backed out because his hedge fund tanked with the price of oil. Now, tell me, why would a man that knows oil is on the way out, leave all his investments in oil?

Finally, a Texan was going to do something instead of pollute the air and play partisan political games. If anyone can use 687 wind turbines Boone had already ordered, you can probably get a real deal.

He made his plan without the backing of the government or, evidently, without a clue. I guess it is too much to expect that Texas Governor Perry or the Texas legislature find some way to salvage this energy plan that would make Texas the #1 producer of wind-generated electricity. Not to speak of what the wind farms would do for the west Texas economy.

Supposedly, gasoline prices are lower. Funny, how the prices at the pump never change much. Well, I guess Texas and the USA are oil-based economies again. The answer, my friends, is blowing in the wind . . . and we still do not GET IT.

5 comments:

Anonymous said...

Texas already is #1 in wind. I would just guess that Pickens will restart the wind farm plan if the economy gets better.

CyberCelt said...

@anonymous-I hope so.

Ways to make extra money said...

I wonder what will happen when there will no fuel???

Firany said...

Well sooner or later there'll be no more oil. And the govuernment should've already realised it and started working on alternative sources of energy.

ecommerce55 said...

Very good article.I totally agree with Firany's word.Very sooner there'll be no more oil.And I just totally wonder what will happen when there will no fuel?? So for that we have to more careful about that.Thanks for sharing.

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