Friday, July 23, 2010

"Boone Pickens unceremoniously drops wind from his energy plan"

We've had some posts on this hombre.*
Boone Pickens is such a slut whore.
Going back to the Mesa days, it's always been about the money.

When his investment vehicle, BP Capital Management was getting its ass kicked because of Boone's wrong-headed calls on hydrocarbons he said the purchase of 667 turbines from GE was "delayed".
I wonder if that was ever the plan in the first place, or if he was just playing the alt/eco/green zeitgeist of 2007-8.

There are a whole bunch of turbines that may be coming on the market, and some lawsuits too.

From the Texas Observer:

R.I.P. Pickens Plan 
For two years, Boone Pickens has been getting millions of dollars’ worth of criticism-free media exposure for the Pickens Plan – his much-praised blueprint for achieving “energy independence” within a decade.
He’ll drop a few homespun sayings and scribble on his whiteboard, and the suckers are eating out of his hands.
Don’t believe me? Check out this embarrassing account of media elites from Skip Hollandsworth’s article on Pickens in the September 2008 issue of Texas Monthly (the one with the cover of Pickens striking the Giant pose):
On Good Morning America, after he spouted off one of his well-known Booneisms, as he refers to his folksy sayings, he told host Chris Cuomo about America's existing energy policies, "A fool with a plan is better than a genius with no plan, and we look like fools without a plan." Cuomo unabashedly shook his head in admiration and said to Diane Sawyer, "What a great line." (Sawyer later added. "I just like to say, 'T. Boone'!")
During his CNBC appearance, anchor Becky Quick, who was wearing an orange scarf around her neck in homage to Boone's alma mater, Oklahoma State University (the other CNBC anchor was wearing an orange tie), asked him if he would consider making an independent run for president or be a candidate for vice president. ("No, Becky," he chortled.)
And when he finished his press conference at the Palace Hotel, some of the reporters actually burst into applause. A bearded young television cameraman in shorts said to Boone just before he walked out of the room, "Wow, like, what can I do to get my car to run on natural gas right now?"
Actually, Forbes did Cuomo, Quick and the applauding reporters one better: The magazine tagged along with Pickens while he got a brain scan in order “to find out how a billionaire really thinks.”
So where were all these media fanboys when Pickens last week unceremoniously dumped wind power from his plan?...MORE
HT: Clusterstock

*See also (roughly in chronological order, starting in October 2007):
Texas electricity market lures big investors
T. Boone Pickens BP Capital Management SEC Filing
Al Gore Did Not Invent the Internet Porn!
Pickens sees oil, natural gas prices falling
T. Boone Pickens on His Oil & Gas Short
T. Boone Pickens and BP Capital Management 13F filed 14Feb08
T.Boone Pickens BP Capital Management 13F Analysis
Pickens's BP Capital Energy Fund Fell 14% This Year
Pickens "Made Mistake Shorting Energy", Sees $100 Oil Through 2008
Boone Pickens: ‘I Missed’
$125 Barrel Oil: T. Boone Pickens
Pickens' Mesa Power orders GE wind turbines
T. Boone Pickens: Oil Going to $150, So Move to Gas 
T. Boone Pickens has Wind and Gas (CLNE)
Hedge Funds Cut Oil Bets as Prices Rose, CFTC Probed. And: Pickens Says CFTC Probe of Oil a `Waste of Time'
Cost Estimates of T. Boone’s Colossal Wind Farm Keep Rising
T. Boone Pickens on CNBC: Use Wind for Gas, Gas for Oil
T. Boone Pickens Gets Hammered From the Left and the Right (Coasts)

Pickens Says He And Gore Have Different Objectives
Pickens sees $300 oil unless U.S. cuts import need
Pickens: "Not Pushing Energy Plan to Make Money"
Pickens' Audacious Wind-for-Gas Plan Flawed?
T. Boone Pickens dedicating $58 million to alternative energy marketing
T. Boone Pickens to kick off “Pickens Plan” speaking tour...
Beyond Wind Plan, Pickens Eyes Pipelines in Drought-Ridden U.S.
CEP's Live Blogging - "Notes from the T. Boone Pickens town hall meeting in Topeka"
T. Boone Pickens and Power Politics-Texas Style
T. Boone Pickens: Greenwashing and Rentseeking (CLNE)
Nancy Pelosi, Al Gore and T. Boone Pickens Walk Into a Bar (CLNE)
Jim Cramer, Nancy Pelosi and T. Boone Pickens Walk Into a Bar (CLNE)
Wind: Blowback
Pickens suspends plans for water pipeline
Pickens Funds Down About $1 Billion
Oil Ready for a Rebound? And Poor T. Boone
Pickens "anxious" over wind farm project financing
T. Boone Pickens Lives! "Boone Pickens on the future of energy"
A Little Love for Pelosi, Pickens: "Think Equity’s Woodburn Raises Price Target on Clean Energy Fuels " (CLNE)
T. Boone Pickens Outlines 2010 Oil Price Targets (CLNE)
The Pickens Plan: What Went Wrong
Pickens, Pelosi Spanked: "Clean Energy posts wider-than-expected Q3 losa" (CLNE)
"Checking Up on T. Boone Pickens" 13F Filing (CHK; DVN; RIG; HES)
Clean Energy Fuels Inc. "T. Boone Pickens' Gassy Stock" (CLNE)
So what would you like to know?