Skip to comments.Pelosi, Pickens plan to pick your pocket: House Speaker, billionaire behind 'going green' racket
Posted on 08/12/2008 11:36:18 PM PDT by 2ndDivisionVet
TV commercials touting a new clean energy strategy and an environmental ballot measure in California both have one thing in common: if they succeed, they'll make investors from "big oil" to the U.S. Capitol a lot of money.
The ads champion Texas oil billionaire T. Boone Pickens' "Pickens Plan" to move our nation from foreign oil dependence to domestically produced wind power and natural gas fuel for automobiles. The plan is touted as a cleaner, more eco-friendly alternative to our current reliance on coal power and gasoline.
The ballot initiative is California's Proposition 10, known as the California Renewable Energy and Clean Alternative Fuel Act, which would spend $5 billion in California bond money ($10 billion by the time the interest is paid, according to the L.A. Times) to promote natural gas as an cleaner alternative for automobile and truck fuel.
Not surprisingly, the nation's largest provider of natural gas for transportation, Clean Energy Fuels Corporation (alternatively known as CLNE) has a great deal to gain from the adoption of Pickens' fuel strategy and the passage of Proposition 10. In fact, according to the California Secretary of State website, CLNE has contributed $3,247,250 to supporting Proposition 10's passage.
CLNE, however, was formerly known as Pickens Fuel after its primary investor, T. Boone Pickens.
(Excerpt) Read more at wnd.com ...
Where’s the ad with formerly conservative Newt making googly eyes at Plastic Nancy as she talsk about global warming??
LOL. We have known for years they have been stealing from us.
“The ads champion Texas oil billionaire T. Boone Pickens’ “Pickens Plan” to move our nation from foreign oil dependence to domestically produced wind power and natural gas fuel for automobiles.”
A MAJOR hot button of mine - I’m so sick of the Left, especially Pelosi, quoting TBP out of context - I watched his speech to the legislature - he’s for ALL alternatives, and he specifically said that first, we MUST drill for oil here in the U.S. (also oil shale, coal, nuclear), while pursuing all the rest over time.
I respect Pickens, he is a smart guy.
But that said, I knew from the beginning that his wallet and portfolio is his primary concern, and that this wasn’t something he was pushing primarily for the good of the nation.
He is quite an expert at manipulating the public for his own profit. (I know that from experience, having made a bunch of money in 1979-80 by riding on his coat tails on one of his schemes.)
Not that there is anything wrong with him making another couple of billion bucks....
And it doesn’t mean that his basic ideas are incorrect, either.
I just resent it being sold as something he is doing out of the goodness of his heart.
And anything that profits pelosi one red cent, I’m against.
Ah-ha is right! Ping for saving later.
why can’t TBP be doing it out of the goodness of his heart and the same time entrepenuership? People do that all the time, it’s called most small business people...providing goods and services for the good of customers and for their own profit too.
Don’t you find it a little bit odd that every single piece of garbage report from WND is some kind of conspiracy to kill, destroy, or, rob the “ordinary working Joe.” Always the class-warfare folks, they are. I don’t, as well as Lars Larson, does not trust anything WND with their egos puts out. Who says populism is Capitalism? People who say that are full of it and support Barack Obama or should just pull the lever for the Sen. Obama in Nov. 2008.
Don’t these folks realize that all those windmills will slow the rotation of the earth? If you think Global Warming is a disaster just imagine what will happen when the earth’s rotation ceases!
It is obvious that Natural Gas for cars would make Natural gas
for house heating a lot more expensive.
Pickens is getting a bum rap from those on the left and some, I will not say who on the right, have bought into the lefts’ horse manure hook, line and stinker.
I want to scream when I hear some idiot state we're "addicted to oil". It's like complaining that we require blood to carry oxygen to our brains. Obviously they're using an alternative for that as well...it ain't working...
Theres always a rub. Thats why we need to produce electricity on a massive scale and the most efficient way to do that is with nuclear reactors. We need to over produce and knock the cost down to a reasonable level. Get it down low enough and theres not a reason in the world for a home to be running on natural gas. CNG is a great source of energy for vehicles. Its clean and has a higher octane rating, making it more efficient. The biggest problem with CNG is the tanks required to store it in, while in use. But with some of the new stainless steel carbon fiber tanks, theyve got the weight way down.
I’m not voting for Pelosi,,I’ve got save the planet, and taxpayer,, and women,, and the chillins,,,ain’t I sumpthin??
You can bet that ol’ T.Boone ain’t gonna tout something of this magnitude if he doesn’t have a horse in the race; a dog in the hunt, so to speak.
His financial interests in this proposal should be broadly advertised so people understand that his altruism is contrived and his message is, ultimately, self-serving.
And, the fact that SanFranNan is onboard only makes it more odiferous...
While I support the development of alternative energy sources, I would much prefer that such work be done without hoodwinking the public...
Rubenstein wrote, “But a closer read finds a laundry list of cash grabs. Much of the measure’s billions could benefit Pickens’ company to the exclusion of almost all other clean-vehicle fuels and technology...”
...wrote Collier, “especially in light of ads by Pickens and growing consensus that the Pickens plan will gain support, especially if Pelosi is firmly behind it.”
Isn’t there something illegal about this? Is this not a form of kleptocracy? Kleptocracy in the sense she is attempting to steer funds into her own private investments?
She shutdown all debate regarding the American Energy Plan, which has the funding mechanism for alternatives. She has subordinated the economy for her own personal benefit.
Pickens' plan is an excellent one; Pelosi can eat my shorts. Also, I would vote no on letting the California Government gettting involved in any more energy initiatives.
Pickens' plan is all private enterprise and I for one don't care if he gets more wealthy. Somebody will. And it's a good plan which throws bones to the left and substitutes natural gas for refined oil, which has ALWAYS been a good idea. BTW, he addresses the issue about his personal wealth saying that he's too old to care if he becomes more wealthy. I agree with him. Wind energy is by definition decentralized so he can't dominate the market. We can't be resentful of him. If a free market is to work with a good idea somebody will make a lot of money.
We have to compromise. Extremes on both end of the spectrum will not work.
The left's extreme is wind and solar, energy conservation, no nukes and no oil drilling, higher energy taxes, radical fuel efficiency standards, maximum government involvement, forcing us into tiny cars, mopeds, and public transportation, and "doing with less." This is unworkable and would impact our economy and lifestyle.
The right's extreme is oil drilling offshore and in Alaska, lots more nuclear, ignore wind and solar, lower energy taxes, let the market work.
Pickens' plan is a middle ground which really favors us, because it lets free market forces take hold with a little bit of help from Government. It doesn't force us out of our lifestyle or raise taxes. Give it a look on his website, and check out the Youtube.com videos.
I agree...natural gas doesn’t need all of the refining that oil does and it burns alot cleaner and is alot cheaper. Makes perfect sense. I hope the car makers start marketing the their natural gas cars alot more to the average driver asap.
So the issue is a total loss for the state, with the tax payers picking up the issue. But to cap it off, they do not invest what they have, but borrow to invest at 100% interest so they can loose double on a zero return project.
Of course like all government largesse, when you dig deeper, you find their personal investments and kickback involved. It seems they do not mine flushing billions of other people dollars down the toilet if they can make a few bucks on the side. The big problem is they have become so addicted to OPiuM (Other Peoples Money) that they not only steal what we have, but by putting us in massive debt they are stealing our children's futures too.
Natural gas for cars is stupid. Gasoline works just fine. It is far more energy per pound, and much easier to handle and store. But for Pelosi to make a buck at her scheme, she not only has to steal money from the public coiffures to boost it, but she must destroy the oil industry by blocking drilling for decades to make a need to use this most unlikely fuel source.
The levels of the criminal complicity that borders on being a traitor is incredible.
God must be real pissed at these folks.
Yeah... except for all the government subsidies, government bonds, use of government authority for eminent domain, etc.
Kinda redefines the word "private," doncha think?
“The right’s extreme is oil drilling offshore and in Alaska, lots more nuclear, ignore wind and solar, lower energy taxes, let the market work. “
Tom - I also like T. Boone Pickens (who’s oft-quoted out of context by the Left) - watched his entire speech before congress and he concluded by saying that yes, he’s always been an oil man, but he’s an American first. He said we must do everything possible, do it all - beginning with more drilling and extracting all our immediate resources, while working on all the rest long-term as infrastructure and technology is developed.
Regarding your above quote, I don’t know what “right extreme” you’re referring to, but if you look at both the repub Senators’ proposed amendments to Harry Reid’s ludicrous, one-dimensional bill (none of which were allowed to be officially introduced) AND the House repub’s proposed American Energy Bill, which they also call “all the above” (which Pelosi refused to be introduced, much less an up or down vote), they include EVERY possible source and alternative, ruling out nothing. We must be multi-phased, with wind and solar being longer-term due to the required infrastructure, technology, etc. But the Repubs have included it all - oil drilling, oil shale, clean coal technology, more nuclear (like France, who now recycles over 80% of their waste into new energy!), hydrogen, electric cars, solar, wind, and anything else.
But the fact is, we MUST have an immediate bridge between today and tomorrow - and that bridge is to extract the many, many billions of barrels of fuel beneath our feet - here, and now. And it burns me that the Dems totally ignore that this is also a MAJOR national security issue - we simply must stop funding those whose stated mission is to kill all of us, as quickly as possible. Yes, we should have done this YEARS ago - btw, Bill Clinton nixed ANWR drilling in ‘95 because he said it would be at least 10 years before we’d see any benefits and he didn’t think it was worthwhile.
Well, you know what? here it is 13 years later, and how glad would we be IF he hadn’t turned down extracting that 10-20 Billion barrels of oil??
We HAVE to start somewhere. And the Lefties who say that drilling, & other resource extracting, will do nothing to reduce the gas prices at the pump are just plain
Lying to the public. Shame on them, for either their lack of research, or worse yet, their subterfuge with the American people.
If Congress and Senate would ever get a chance to just vote (Pelosi now says probably yes, but only as part of a “more comprehensive package” - read BS, numerous restrictions, so pork barrel-loaded that the repubs will have to vote NO on) and pass the kind of “All the Above” bill that the People want, we’d see the prices at the pump drop even more dramatically than they have over the last 3 weeks - and we’d see it overnight.
Increase future supply, reduce prices now - simple economics.
And the “environmentalists” have never cared about what’s good for this country - if they examined the facts, they should be far more concerned about all the fuel we presently have to import - produced by dirtier, less regulated, more inferior technologies from countries that do FAR worse harm to the environment than anything we would do here with our cleaner, less invasive, safer and more efficient methods (all the tar sand oil from Canada, for example).
AND one last thing - taxing the oil companies even more is NOT a good answer at all, in fact, it’s a really stupid idea for so many reasons (but I’ve already written too much and too long, to go into that :-)))
“and some, I will not say who on the right, have bought into the lefts horse manure hook, line and stinker. “
Thanks, OKD, glad I said something right! :-)))
Well, you don’t have to name them - we can start with the 5 who are part of the “Gang of 10” in the Senate, who came up with the “bi-partisan, comprise energy bill” that’s been so touted by the mainstream media (and Obama and Reid!!!).
We all know who did the compromising, don’t we?
“Thats why we need to produce electricity on a massive scale and the most efficient way to do that is with nuclear reactors.”
A very good point. Because another interesting fact is that, presently, we get about half of our electricity from coal. All the libs and environmentalists SO against fossil fuels who advocate electricity obviously don’t know that.
And, nuclear produces ZERO carbon emissions. McCain is kind of ignored in his oft-stated commitment to 45 new nuclear plants by the year 2030.
“People do that all the time, its called most small business people...providing goods and services for the good of customers and for their own profit too.”
yes,yes,yes - it’s the backbone of this country and why people from all over the world are literally willing to die to come here. since when is making a profit and being prosperous a BAD thing - as long as it’s done honestly???
This country (for now) is NOT one big 501(c)(3).
“and growing consensus that the Pickens plan will gain support, especially if Pelosi is firmly behind it.
Don’t you see?? She’s going to propose a bill that will do what she’s been continually saying and quoting, cherry-picking a small part of what he said, out of context - i.e., ONLY the part about wind and solar. Nothing more, NONE of the rest of what his plan included - count on it.
” Makes perfect sense. I hope the car makers start marketing the their natural gas cars alot more to the average driver asap.”
And I agree - but once again, we have to look at multi-phases. That’s a few years down the road. We have to FIRST look at the most immediate, expedient, stage - and that would be both drilling AND uncapping the LARGE amount of wells that still have oil, but were capped in the past because they were considered at the time “not that profitable”. And, there ARE some areas in our country where the infrastructure is already in place such that drilling would produce oil ready for refining within months - not years and years as the Dems insist.
“but not bother to write in a bit of return on the investment.
ROI??? Oh, that’s an evil thing to the Libs - and YET, they whine and blame for jobs disappearing and being outsourced - AFTER corporations are being taxed to the max already (we’re only about 1/10th% behind Japan in having the highest corporate tax rate in the world - and the Dems - Obama, Pelosi, etal want to raise it even higher!!!)
And if I hear the phrases “big oil” and “windfall”, “record profits” one more time, think I’ll really throw up.
How incredibly, irresponsibly ignorant our elected officials in positions of power are, and how they mis-inform and lie to the American public.
They want to crack the whip on oil companies to magically produce more oil with only the existing leases they have, and then, if by chance, they DO find more - oh, by the way, they’ll get penalized and taxed even more.
that’s fine...as McCain is saying , all of the above asap.
What a complete arrogant ass this guy has turned out to be.
Oh, we’re both in agreement here. I’m so far right my wife routinely says in polite company that I’m further right than Attila the Hun.
But I’m also a pragmatist and I realize that a sane energy policy will have to be a compromise. That’s why I like the Pickens plan.
As for indicting the extreme right, I didn’t really mean to. All I meant was that there are many on the right who instinctively decry wind and solar just because the left considers them cleaner. Well, that’s plain stupid. Let the market and other forces decide whether they sink or swim. Provide them a few regulatory advantages so investors are willing to take the plunge.
Another poster to my original post said that the newer sources require too much Government support. Well, all energy requires Government involvement to some extent. Even if environmental regulations are relaxed enough for offshore drilling, shale oil extraction, etc., there is still a need for review and appeal to Government. A transition to natural gas or methanol-fueled cars requires some Government involvement (subsidy, tax breaks) because the costs for infrastructure changes will not be borne by private industry. Ditto for the vehicles which will need new internal combustion engines. Far more changes would be needed if we moved to a nuclear-powered hydrogen economy, not to mention matters involving safety because of hydrogen’s great inherent instability (remember the Hindenberg disaster).
Your argument about Pelosi and Clinton regarding ANWR drilling is critical and I hope you make it known to the Republican National Committee for their next round of ads when the Congress reconvenes. Or send it to Fox News and Townhall.com.
It’s clear you have a good handle on these matters. Perhaps you have spent a lifetime in the energy industry? If so, be advised that I am a degreed Chemical Engineer with a lifetime spent in the defense industry.
“Its clear you have a good handle on these matters. Perhaps you have spent a lifetime in the energy industry? If so, be advised that I am a degreed Chemical Engineer with a lifetime spent in the defense industry.”
lol - no, not at all, but thanks for your kind words. I just have an extremely inquisitive mind, have been getting educated about this and more (including radical Islam). Also hooked on cspan 1 & 2 :-))) I think I forget a lot of what I learn, but maybe more stuck than I realized - been told that by a couple of people.
As I said, I also like Pickens’ comprehensive plan - I’m just afraid from the signs recently, that Pelosi and Reid intend to introduce bills that take ONLY wind and solar from TBP’s plan, and omit/forbid all the rest of it - recoverable, more immediate resources - that can begin to help NOW. I pray I’m wrong, but we’ll soon see, in early September if not before.
“Limpley Grahamnesty makes my blood pressure rise every time I hear his name mentioned.”
Well, he sure has thrown his “best friend” McCain under the bus by being part of the Gang of 10 with a “bi-partisan” proposal that promises the Dems virtually all the concessions they want while caving on all the critical things. It also now threatens and cuts into McCain’s (and the other republican candidates’) edge in the campaign/election with his aggressive stance of “all the above” and going after all our available resources here, bar none (other than ANWR and maybe he’ll see the light on that one, too).
I understand your cynicism but energy will always require Government intervention of some sort. I just don't want Government to run things, and within the intervention framework want to let the free market work.
Why Government? Because most leases for new fuels -- be it oil, natural gas, coal, oil shale, uranium -- will be on Government-owned land. Because our laws require Environmental Impact Statements. Because anything done offshore is by definition not on private land, thereby requiring Government hearings, etc. Because new plants of any kind require permits. Because new infrastructure for energy delivery requires pipelines, high-voltage power lines, access roads, all of which cross Government land or somehow impact private or other lands. Because a transition to a new fuel (e.g., natural gas cars, electric cars, hydrogen cars) requires a huge capital investment, and no for-profit company wants to be the first to make the plunge without a tax credit encouraging them to take the risk.
So, forgive me, but ANYTHING done with energy requires some Government involvement. I just want to Government to enable things and then stay out of the way. And to not view any new energy greedily as another tax source. And to perhaps loosen up things so the NIMBYs don't determine our energy policy (by holding things up so much we end up importing more oil).
I agree with most of what you wrote above.
It, however, sounds 180 degrees from your initial post that I took exception to. (”Pickens’ plan is all private enterprise...”)
Just how? By taxing existing business to the moon to create giveaway cash payments to people who do not have to produce, but just try to invent? How many millions of jobs will he eliminate just to hire on more “researchers”?
“Just how? By taxing existing business to the moon to create giveaway cash payments to people who do not have to produce, but just try to invent? How many millions of jobs will he eliminate just to hire on more researchers? “
yes - that would be IT. Government researchers, of course, rather than private sector researchers. And guess which ones would be more motivated to be productive in the shorter amount of time?