Pickens is a windbag or a visionary?

PICKENS THROWN TO WIND..AND HE HAS GAS
BY Terry Bankert, (gmf) 7/31/08

Texas oilman T. Boone Pickens continues to be a pitch man for wind and natural gas as fuel for US energy needs.[1]...HE... acknowledged Wednesday that a plan he's pushing to use more wind power and natural gas to replace foreign oil is expensive, but said it's still cheaper than importing fuel.[2] Why is this guy getting all the attention? He is just out to make a buck. Our political leadership...well...should be leading. Governor Grandholm we have an emergency! We need an emergency energy policy summit to cause real change in policy, funding and action on alternative energy.[trb]
Posted first to: http://energyalternativesadvisor.blogspot.com/

WHO IS T. BOONE PICKENS AND WHY DO I CARE? My elected leadership should be in the spotlight on energy reform. The techiees must come together with the industry leadership and the political people led by the Michigan Governors office.[trb]

Do we really want to be led by this guy.[trb] Thomas Boone Pickens, Jr. (born )
May 22, 1928) is an American businessman who chairs the hedge fund BP Capital Management. He was a well-known takeover operator during the 1980s. With an estimated current net worth of about $3 billion, he is ranked by Forbes as the 117th-richest person in America and ranked 369th in the world. Pickens has given more than $700 million away to charity. [7]

Before reaching the age of 40, Pickens led Mesa's first big acquisition, the Hugoton Production Company, which was 30 times the size of Mesa. [7]

By 1981, Mesa had grown into one of the largest independent oil companies in the world, and Pickens shifted his focus to acquiring other oil and gas companies. He spent much of the decade targeting undervalued companies, making solicited and unsolicited buyout bids and other merger and acquisition activity. This made Pickens a celebrity during the 'deal-making' 80s. His most publicized deals included attempted buyouts of Cities Service, Gulf Oil, Phillips Petroleum, and Unocal. [7]

During this period, Mesa did complete successful acquisitions of Pioneer Petroleum and the mid-continent assets of Tenneco.[7]

These as well as other deals placed Pickens at the center of controversy during the 80s. His celebrity rose so quickly after the Gulf Oil takeover bid that he appeared on the cover of Time magazine and briefly considered running for president in the 1988 elections.[citation needed] During this period, he was often characterized as a corporate raider and greenmailer, as many of his deals were not completed though Pickens and the shareholders he represented received substantial profits through the eventual sale of their stock. [7]

His later takeover targets included Newmont Mining, a New York-based firm, Diamond Shamrock, and Koito Mfg., Ltd., a Japanese auto-parts manufacturer, making substantial gains in the process. He was also involved in the creation of the United Shareholders Association (USA), which from 1986 - 1993 attempted to influence the governance of several large companies. After nearly two years of periodic hearing and debate, in July 1998 the Securities and Exchange Commission voted 4-1 to approve a one-share, one-vote rule, a primary USA objective.[7]

PICKENS WILL MAKE MORE MONEY OFF WIND THAN ALL THE TITS ON ALL THE MILKERS ON THE PLANET

Critics say Pickens stands to directly benefit from wind generation. He has successfully lobbied the Texas legislature to invest heavily in wind technology. Pickens and several business partners are spending $12 billion to build the world's largest wind farm in Texas. He also sits on the board of the nation's largest natural gas company, Clean Energy Fuels Corp. [5]

However, Pickens said he already has plenty of money and is pushing this plan for the good of the country. "The greatest transfer of wealth in the history of mankind is sending billions of our dollars overseas."[5]

ITS HIS MONEY ITS HIS PLAN ...BUT...its my country, my state and I want my elected leadership charting my future.[trb]

Pickens planned to start his $58 million "Pickens Plan" today in Topeka. The idea is to use television ads and town hall meetings across the Great Plains to get his word out.[1]

Industrial-scale wind energy is widely promoted as a clean and sustainable source of energy. It brings, however, many adverse impacts of its own which are often ignored or even denied. Of most immediate concern for communities targeted for wind power facilities are their huge size, unavoidable noise, and strobe lights day and night, with the consequent loss of amenity and, in many cases, health. [3]

PICKENS HE HOPES YOU WILL LEND HIM YOUR EAR ,THEN HE WILL TAKE YOUR MONEY

He tells anyone who will listen that the US imports 70% of its oil today compared to 24% in 1970. He says the annual cost of importing oil is $700 billion.[1]

HE IS A SOCIAL NETWORKING KIND OF GUY

For starters, there’s a Facebook page where people can "become a fan" of Mr. Pickens (pictured above) and his exhortation to make energy independence a focus of national debate. There’s also a MySpace page and a YouTube channel. And for good measure, there’s also a Twitter feed for "pickensplan."[6] see http://www.facebook.com/people/T_Boone_Pickens/1377001835

Networked out yet? There’s more. The Pickens Plan is setting up its own dedicated social network powered by Ning. That network includes message boards for supporters and the ability to form local groups.[6]

Though it remains to be seen whether Mr. Pickens’s approach will attract droves of supporters, his initial efforts to attract attention on the Web are finding success. Earlier this morning, the Pickens Plan accounted for the top three "Hot Trends" search terms on Google. (No. 1: "pickensplan.com." No. 2: "pickens plan." No. 3: "t boone pickens.")[6]

GOVERNOR WE NEED AN ENERGY POLICY SUMMIT IN MICH TODAY !!..DO YOU WANT THE RICH GUYS PLAN?

PICKENS PLAN (THE RICH GUY)

Pickens said there are about 85 million barrels of oil produced daily throughout the world and global demand is 86 million barrels. The U.S., with 4 percent of the world's population, uses about 25 percent of the oil, he said.[2]

Summed up, Pickens wants to:
-- Boost wind production -- which is environmentally friendly (and especially attractive as an investment in rural Kansas).
-- Boost use of natural gas -- ditto on the environment.
-- Slash oil consumption -- and our outlays for foreign oil.[4]

I BET MICHIGAN COULD BREAK MORE WIND THAN TEXAS. GOVERNOR BUILD THE POLICY SUMMIT AND THE PEOPLE WILL COME.

Kansas is in a corridor from the Texas panhandle to North Dakota that Pickens says could produce 20% of the nation's electricity by wind. The cost to achieve it is $1 trillion to build the turbines plus $200 billion for transmission lines.[1]

Pickens' plan relies heavily on wind generation in the Midwest and solar generation in the Southwest. He would replace gasoline with natural gas and suggest the country start with government fleets. "Within two years, people will start switching over. It will be a patriotic thing. This will be our (America's) fuel." So far, he has launched a social networking Web site meant to educate and sign up volunteers. He has also spent time and money on national commercials and will start a series of town hall meetings Wednesday, the first taking place in Kansas. [5]

SINCE HE OWNS ALL THE NATURAL GAS ON THE PLANET, WILL THIS BENEFIT HIM?

His plan calls for erecting wind turbines in the Midwest to generate electricity, replacing the 22% of US power produced from natural gas. The freed-up natural gas then could be used to power vehicles now reliant on gasoline and diesel.[1]

STEPING OUT WITH HIS BABE

Kansas Governor Kathleen Sebelius was scheduled to introduce Pickens at the inaugural town hall meeting. She is a longtime advocate of alternatives energy sources.[1]

Gov. Kathleen Sebelius, a longtime advocate of alternative energy sources, introduced Pickens. In January, she formed a group to promote wind power in a state where 73 percent of the electricity generated comes from coal-fired plants.[2]

Sebelius wants wind power to account for 10 percent of the state's 10,000 megawatts of generating capacity in 2010 and 20 percent by 2020. She said the 10 percent goal will be met by year's end, with eight wind farms generating 1,013.4 megawatts.[2]

The governor also is locked in a legal and political dispute with Sunflower Electric Power Corp. over plans for two coal-fired power plants in Finney County. In October, her administration denied an air-quality permit to Sunflower, based on the plants' potential carbon dioxide emissions. Four legal challenges are pending.[2]

Pickens' plan has its critics, including Eric Rosenbloom, an East Hardwick, Vt., science editor who runs the Web site National Wind Watch.[2]

Rosenbloom said with wind power, additional power plants are needed to offset the times when the wind isn't as strong. He said the best type of plant to balance wind is natural gas.[2]

"It would require increasing natural gas on the grid rather than freeing it up," Rosenbloom said. "It's not going to free up natural gas for transportation. There is no way."[2]

...the claims of their benefit of reducing pollution or greenhouse gases appear to be greatly exaggerated. Despite decades of experience and substantial installations in Denmark, Germany, and Spain, the giant turbines have not been shown to reduce the use of other fuels on the electric grid -- such as coal and nuclear -- let alone gasoline for transport and oil for heating. For this reason, their ability to reduce carbon dioxide emissions that contribute to global warming or pollutants that cause acid rain and health problems such as asthma is doubtful, despite their size and extent. [3]

But Pickens said he takes such criticism in stride.[2]

"I've got a plan. We can fine-tune it," he said.[2]

Pickens does have a point when he says it's now time for Americans to put pressure on the next president and Congress to act sanely on energy matters.[4] I will start with my governor.[trb]

GOVERNOR GRANDHOLM THE STATE OF MICHIGAN HAS RESERVE FUNDS AVAILABLE TO FUND AN EMERGENCY ENERGY INITIATIVE, WE WILL ALL BENEFIT IF YOU ACT .WE WILL ALL SUFFER IF YOU DO NOT ACT. WE NEED A PLAN ,FUNDING, INFORMATION , POLICY AND ACTION. IT'S YOUR MOVE.[TRB]

POSTED HERE BY
TERRY BANKERT
7/31/08

-WHERE DID THIS STUFF COME FROM
[1]
7 KLTV
http://www.kltv.com/Global/story.asp?S=8762374
[2]
Houston Chronicle
http://www.chron.com/disp/story.mpl/ap/business/5916322.html
[3]
National Wind Watch
http://www.wind-watch.org/
[4]
Midwest Voices
http://voices.kansascity.com/node/1758
[5]
News 10
http://www.news10.net/news/story.aspx?storyid=45604&catid=2
[6]
The Wall Street Journal
http://blogs.wsj.com/buzzwatch/2008/07/08/t-boone-pickens-facebook-guy-pickens-plan-taps-social-networking/

[7]
WIKIPEDIA
http://en.wikipedia.org/wiki/T._Boone_Pickens

[8]
T. Boone Pickens Face Book
http://www.facebook.com/people/T_Boone_Pickens/1377001835

[trb]
Comments of Terry Bankert to include unattributed CAP headlines
http://attorneybankert.com/
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