Wednesday, July 9, 2008
Boone Pickens: Subsidize My Windmills
Boone Pickens is a very smart man. He understands oil and energy better than most analysts. But, he has just made an $85 million ad buy to run the above commercial. The ad says he has a plan to solve the energy "problem". The ad states that wind power is part of his plan. What he doesn't tell you is that he is looking for his subsides for his own wind farms. When someone has a plan, they can go ahead and execute it. When someone has a plan and they run commercials to tell you about the plan, they want you to pay for their plan.
Boone, also, bitches that 700 billion dollars are leaving this country every year for the purchase of oil. I say that it's a pretty good trade for us. We get oil, the oil producers get deprecating dollars. Hey, isn't that what Boone is doing in his oil trading business, laying off dollars and buying oil?