Thursday, May 3, 2012

Natural Gas: T. Boone Says "Biggest Deterrent To U.S. Energy Plan Is Koch Industries"

Too funny.
Someone should tell Boone that one man's output is another man's input.
From Yahoo:
...Pickens' biggest concern right now centers on what he sees as the Obama administration's lack of an energy policy. He says special interests are blocking real energy reform, and he singles out Koch Industries, a chemical, fertilizer and refining juggernaut run by brothers David and Charles Koch, as the main culprit.
"The biggest deterrent to an energy plan in America is Koch Industries," he says. "They do not want an energy plan for America because they have the cheapest natural gas price they've ever had, and they're in the fertilizer business and they're in the chemical business. So their margins are huge. And they do not want you to have an energy plan, because if you had a plan, then natural gas prices would come up."...
...MORE including video

The Swiftboat Kid has got to be getting hammered by current natural gas prices.
He's been reducing his fund's position in Chesapeake since it was around $35. His Golar LNG is down from 46 to 35 in two months, and on and on...