There is The Pickens Plan. 
And, there is The Pickens Problem.
Too often, the two are not talked about in combination as is merited.
While The Pickens Plan has its problems, The Pickens Problem sadly raises questions about how seriously one should take T Boone Pickens' words about The Pickens Plan. I would welcome the ability to engage openly and with trust with The Pickens Plan, but as long as The Pickens Problem remains unresolved and unaddressed, any engagement will have to be reserved, guarded, and cautious.
T. Boone Pickens speaks to the need to end America's oil addiction, to move off oil. T Boone Pickens' political contributions speak to continuing the status quo, to drilling the hole deeper when it comes to oil addiction.
The Pickens Problem is undermining the chances that The Pickens Plan will ever see fruition.
The Pickens Plan
The Pickens Plan is gaining real attention. When a multi-billionaire has an idea (with good and bad elements) and puts $50+ million into making noise about it, people pay attention.
(What's the difference between Energize America and the Pickens Plan? Expertise applied for the common good, a billionaire, and about $60 million in advertising/public relations ...)
T Boone has met with John McCain.
T Boone has met with Barack Obama.
And, next Wednesday, in The Big Tent, outside the Democratic National Committee, T Boone will be on the stage with Carl Pope, the Executive Director of the Sierra Club, and John Podesta, the President and Chief Executive Office of American Progress.
Now, to be clear, T Boone is helping to bring attention to quite real options to our energy problems and arguing for paths for getting off oil, rather than the Republican mania to advocate for illusionary options that won't even provide enough oil to feed our oil addiction. In some ways, his voice (and the money amplifying) is useful. As T Boone, himself, put it:
Can’t we just produce more oil?
World oil production peaked in 2005. Despite growing demand and an unprecedented increase in prices, oil production has fallen over the last three years. Oil is getting more expensive to produce, harder to find and there just isn’t enough of it to keep up with demand.
The simple truth is that cheap and easy oil is gone.
I’ve been an oilman all my life. But this is one emergency that we can’t drill our way out of.
In the face of the Republican Party's Drillusion and outright lies about energy issues, such strong and direct language coming from an oilman is a welcome relief. And, those words come as part of a proposal to radically change America's energy structure away from oil.
As explained here and elsewhere, "The Pickens Plan has a mixture of extremely good and important elements, and concepts that simply don’t comport with energy reality." Central to the plan (and extremely good) is a major investment in wind energy and improvements to the national grid to make this electricity useful across the nation. This is excellent. More problemmatic is the call for natural gas to be used in transport and (serious) questions about his water plans but, again, the call for major portions of the US electricity grid to come from wind power is "brilliant".
Under the current environment, a critical element to continue serious movement toward wind power is the Production Tax Credit (PTC) for renewable electricity generation. The problem: the PTC has been stalled due to Republican Party obstructionism (including John McCain's absenteeism) against moves toward sensible energy policies for the future. Time after time, the PTC has come up for votes in the House (passed) and Senate (failed to pass cloture votes), and consistently (time after time) the majority of the Republicans have voted against this critical element of fostering generation of electricity from the wind (and sun) maintaining a preference for tax breaks for oil, natural gas, and coal companies.
The Pickens Problem
And, this is where we toward to "Pickens' Problem". For the nation, T Boone Pickens' has a major responsibility for the implications of a second Bush-Cheney administration through his massive contributions to the Swift Boat-ing of John Kerry. These, and other contributions to the Republican Party, make most moderates and liberals leery of T Boone Pickens. As one of John Kerry's crew members put it recently
"I guess now we know the 'T' in T. Boone doesn't stand for 'truth,' " said Del Sandusky, one of the crewmen. "I really hoped we could've taken him at his word. ... We won't rest until he admits the truth that he bankrolled a big lie."
Let us (with difficulty, perhaps) put aside this historical record, at least for a moment.
Take a look at the year through 30 June 2008 of T Boone Pickens' political contributions. Over the past year, records how $96,450 in T Boone contributions.
Of that, $0 for Democratic Party and $96,450 for Republican Party organizations and candidates.
Okay, so this billionaire is a Republican. So, what else is new? So, what?
The "what" is contrasting this political donation record, the words and deeds of the candidates that T Boone contributes too, against his claims to desire solving America's energy problems, to end our sending of trillions of dollars overseas in the "most massive transfer of wealth in human history" for imported oil.
$38,500 to the RNC. $15,000 to the NRCC. $14,250 to the NRSC. A simple question to ask: Where have these organizations stood in the fight to end our oil addiction and to move toward a renewable energy future? Have they fought to continue the status quo or to create a new reality?
$4600 (the maximum allowed) to Senator James Inhofe (R-EXXON) who, quite simply, is perhaps the worst member of the Senate when it comes to ending our oil addiction and moving toward a sensible energy future.
$2300 to Pete Domenici. $1000 to John Shadegg. $4600 to Roger Wicker. $2300 to Ralph Hall. $2300 to Brian Billbray. And, so on ... These are not the sort of contributions expected of those engaged in discussions at The Big Tent next week during the Democratic National Convention. These are not contributions to the visionaries of and fighters for a new energy future.
T. Boone Pickens speaks to the need to end America's oil addiction, to move off oil. T Boone Pickens' political contributions speak to continuing the status quo, to drilling the hole deeper when it comes to America's oil addiction.
Thus, until there is a resolution of The Pickens Problem, all are advised to tread very carefully when it comes to T Boone Pickens and The Pickens Plan.
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Someone needs to ask the question.
The Big Tent is for new media, this is a blogger-dominated space.
A multi-billionaire. A multi-billionaire who funded the Swift Boat Veterans for Truthiness and their attacks on John Kerry. A multi-billionaire who sends his donations to the Republican Party, to the tune of $millions over the years. A multi-billionaire has bought time and space at The Big Tent.
Isn’t this an utter rejection of the entire concept of the blogosphere and Crashing the Gate?
What is the difference between Energize America and The Pickens’ Plan? A focus on the common good vs a billionaire’s ability to spend $50+ million on a public communications campaign?
Digg IT Pups
TBoone isn’t totally out of the oil business, is he?
Win-Win.
I say steal his ideas and raise his taxes. /s We don’t need persons or corporate ownership of wind and solar (or water for that matter)
Eureka … The water from the acquifer is a very serious issue (as per links in post) but lets put that aside (for a moment).
If someone is willing to invest resources (dollars or otherwise) into helping create a better future, I don’t mind if they ‘profit’ from that as part of their reward. One question is to what extent does Pickens’ Plan represent a path toward creating a better future. Another question, raised here, is whether The Pickens’ Problem (his donations) call into question whether one should take The Pickens’ Plan seriously.
Thanks for this post.
He was forced out of his old oil company they hated him so much they bought him out, T-Boone tried to stay but no banks wanted to loan him money I think to buy more shares of his own company.
Supposedly the banks didn’t want him as CEO will try and find link.
Hey he just starting shit.. He knows the rethuglians are in trouble and he is trying to create a diversion for them to keep the spotlight off their failings and corrupt time as the party in change! And oh he means to make another Billion of the green energy market. Do you think he would do this out of patriotism and just to help the good ole’ USA?? No way he is only trying to line his pockets with more cash and keep the rethuglians in charge so he can make even more money!!
He was forced out of his old oil company they hated him so much they bought him out,
man, it must take a real *special* kind of ass-hole to be too disgusting for other oil-men to tolerate….
Then he turned this parcel into a town, basically, with only two eligible voters — both of whom were his employees. (This required a change in Texas law in 2007 — a change facilitated no doubt by his $1.2 million in campaign contributions to Texas legislators in 2006).
Then there was an election in this district, in which both voters voted to make this 8-acre municipality a special fresh-water district.
Pickens’ wholly owned government entity now can issue tax-free bonds (meaning he can borrow at a serious discount) and use the power of eminent domain to pressure landowners to sell — or to take their land if they hold out. The eminent domain power is key to building the pipeline that will run this water down to the Dallas area, where Pickens hopes to sell the water. If your land lies in the path of his proposed pipeline, you got a letter explaining that T. Boone wants to buy a stretch of your land — and explaining that he can use eminent domain if you resist. If this begins to sound too cutthroat to the public, Pickens just reminds journalists and politicians that following this water pipeline will be the transmission cables for Pickens’ mammoth wind farm.
http://dealbreaker.com/2008/08.....ll_wet.php
Oh…just like any other Repug….. It isn’t what you say but what you do that counts…. but no one sees what they do…. because they are too busy making sure that everyone hears what they are saying….. which is a pack of lies….
As you might have guessed it’s a huge problem for me. *g*
Pickens may have some good idears (that’s southern), but so do a whole lot of other folks. I really don’t want oil men devising the next energy system.. with potentially hundreds of years f wind and solar robber barons.
Let’s do it a different way this time. Which will never happen with the T Boone’s leading the way. If they want to invest later, so be it, but keep them off the planning table, por favor.
Is T Boone living off the grid now? I know low income folks who are and they are living very well. They have excellent ideas and do not need 50 million to find somebody to inflict them upon. Nor would they require large amounts of money to share them.
There are lots of other ways.. and lots of good people with whom we can and should work with..
Swift Boat challenge
Main article: Swift Boat challenge
On November 6, 2007, Pickens reportedly offered a million dollars to anyone able to dispute any claims made by the Swift Vets and POWs for Truth (SVPT), a group he had supported during the 2004 presidential election.[19] John Kerry, whose military record and anti-war activism during Vietnam was the target of the group’s book and media campaign, sent Pickens a letter on November 16, 2007, accepting the challenge, requesting that Pickens donate the money to the Paralyzed Veterans of America should he succeed in disproving any of the SVPT claims.[19] In response to Kerry’s acceptance of the challenge, Pickens issued a letter the same day, narrowing the original challenge to the SVPT ads, and requiring Kerry to provide his Vietnam journal, all of his military records, specifically those covering the years after his active duty service, and copies of all movies and tapes made during his service. Pickens’ letter also challenged Kerry to agree to donate $1 million to the Congressional Medal of Honor Foundation, if Kerry “cannot prove anything in the Swift Boat ads to be untrue.”[20] Kerry later accused Pickens of “parsing and backtracking” on his initial offer and wrote that “I am prepared to prove the lie and marshal all the evidence, the question is whether you are prepared to fulfill your obligation.”[21]
On 22 June 2008, a group of Vietnam veterans who previously served with and now work with Mr. Kerry accepted the challenge and sent a 12-page letter — with a 42-page attachment of military records to support their case — with which they claimed to rebut several of the accusations of the Swift boat group.[22] Boone Pickens has responded with a message stating “In reviewing your material, none of the information you provide speaks specifically to the issues contained in the ads,” he wrote, “and, as a result, does not qualify for the $1 million.”[23]
http://en.wikipedia.org/wiki/T._Boone_Pickens
dude is Welcher still looking Jayt
nice find, TCU !
Hey he is a Swift Boater Special Kind of Asshole He’s The Worst of the Worst a Punk who kept a Draft Dodger, Anti Sun Tze in charge of the White House when we were at war.
Still looking for link
Pickens’ Plan is suspect for other reasons. He sits on the board of two natural gas services companies as I detail in the post below.
http://vibinc.blogspot.com/200.....-plan.html
This is a money grab for these companies, pure and simple. One provides the fuel, the other provides the infrastructure. Brilliant!
Sorry ES I have been saying it that way all my life and I am from Boston.. Seems we all say it that way in Boston:>)
Poor T. Boone Pickens. If it wasn’t enough losing a big bet on Yahoo Inc., resulting in a loss estimated by Silicon Alley Insider to be at least $50-million (U.S.), his investing prowess is now being called into question, or at least ridiculed.
http://www.theglobeandmail.com...../WBmarkets
I bet T-Boone is pissed:)
Eureka …
As I asked: “What is the difference between Energize America (which I am heavily engaged in) and The Pickens’ Plan?”
The first emerged through the efforts and discussions of 1000s of people in the blogosphere, working (and fighting) together to come up with a sensible package of proposals for turning the nation (and the globe) on the path toward a sensible future.
The second emerged from a Republican billionaire’s back room, with some $50+ million behind it in public communications. It has enough ‘new’ (seeming) and ‘different (Republican oil man saying ‘get off oil’) within the massive blitz that it gets massive attention, including from Reid, Obama, etc …
Sigh … while the 2006 Energize America 20-point plan absolutely needs reworking, it remains a far more sensible action plan than The Pickens’ Plan.
And, it didn’t have the question of any of its authors seeking to enrich themselves to the tune of $10s of billions using public resources.
Do I seem / sound frustrated yet?
I have been saying it that way all my life and I am from Boston..
I’m hoping that tomorrow we’ll have a V.P. candidate that says it that way too - a guy from Vermont.
note to self: gee, jay - wishful thinking much?
Yeah Natural gas in a car engine sure it would help T-Boone but its not the best most efficient tech for cars.
Excellent research and revelation about Pickens, thank you very much.
Have we heard Al Gore’s opinion about The Pickens Plan? I trust Al Gore on this issue much, much more than I trust Pickens. I’d really like his take on it.
And then there are some bridge properties for sale
The holdings in T. Boone Pickens’ hedge fund at the end of Q2 aren’t doing so well this quarter. Based on the 13-F released by BP Capital yesterday, the fund’s holdings are collectively down 19.7% since the start of July. (This doesn’t reflect the fund’s cash position, short positions, or changes in the holdings since the end of the 2nd quarter.) As shown, 26 out of 27 positions are down this quarter, with SandRidge Energy (SD), BPZ Resources (BZP), Foster Wheeler (FWLT) and Denbury Resources (DNR) down the most. The one position that is up this quarter is Clean Energy Fuels (CLNE), which is also the fund’s smallest position. Interestingly, the fund added to all but two positions from Q1 to Q2, and took new positions in Chesapeake Energy (CHK), Devon Energy (DVN), Tenaris (TS), EOG Resources (EOG) and BZP.
Mr. Pickens has been front and center in the news recently for his Pickens Plan to end the United States’ dependency on foreign oil by developing alternative fuel sources. Based on the performance of Pickens’ holdings this quarter, BP Capital investors might want him to just be quiet.
http://seekingalpha.com
This guy loves being called smart because he is rich and made his own money
I wonder if his Hedgefund is using leverage he could lose it all if things get worse. Bwahahaha!
Actually natural gas conversions have been available for quite some time. You can tear into an engine that has run on natural gas for years and it looks brand new. Conversions run about $2K Stations are a problem.
Yes sir, you do. I’m sorry I went off on a rant.
Been handing out the power point presentation you sent me from Yearlykos II to all our Arizona candidates and many have jumped on the information…. If we can gain a few more seats down here….. we might have some congressional help for you…
I guess Pickens campaign for wind-power doesn’t actually contradict McCain’s
fantasyproposal to drill in the short-term and develop alternative energy for the long-term. Still, the timing seems a little odd. At this point in the 2004 election cycle, Pickens main focus was on keeping a Republican in the White House by ANY means necessary. Makes me wonder if their might be some bad blood between Pickens and McCain.It is only good for the short term not a long term solution.
Here is an interesting item:
Why T Boone Pickens’ ‘Clean Energy Plan’ is a Ponzi Scheme is very worth reading.
Eureka …
When I hear “sir”, I look around for my father (or grandfather) …
Your “rant” did not annoy me in anyway. We are both frustrated at this situation.
As the millions turned into billions, Pickens also confronted failure and loss, all in one annus horribilis in 1996. He got a divorce, lost his best friends in a car crash, and received a taste of his own medicine when he was forced out as CEO of Mesa Petroleum
Pickens likes to portray his years as a corporate buccaneer during the 1980s as “shareholder activism.” When Mesa fell into a cash crisis in the mid ’90s after the price of natural gas collapsed, there was no mercy for him on Wall Street. Pickens called in Texas financier Richard Rainwater, and his wife and business partner, Darla Moore, to help raise capital. (Rainwater helped another oilman, George W. Bush, escape his money problems by making him co-owner of the Texas Rangers, a deal that eventually made Bush a multimillionaire.)
Moore, a leveraged-buyout specialist dubbed “the Toughest Babe in the Business” by Fortune, tried to raise $1 billion on Wall Street for Mesa. “I found out there wasn’t a bank in the country that would touch the deal if Boone was CEO,” Moore told NEWSWEEK. “I tried to soften the message [but] he was really surprised. ‘But I get along with all those guys,’ is what he said.” The Rainwaters worked out a deal for Pickens to retire as CEO, and bought him out, a deal that still rankles the billionaire.
http://www.newsweek.com/id/151727
Found it Jayt
Send me a note … siegead AT [ignore this] gmail DOT [and you know how it ends]
Energize America is working a project specifically focused for challengers … would love to have some Arizonians in the mix. Perhaps you have some who might want to join.
Car engine efficiency is less than a power plants so we waste fuel we can use the Natural gas in power plants for cloudy windless days in power plants to make the gas go farther.
The introduction of the ability to take water from the ogalalla is significant here for understanding T. Bones scheme. Water shortages will replace oil in the not to distant future.
We could do a lot to end our dependence if we just stopped exporting so the oil companies can sell it on the international market! We export 1.048 million bbl/day as of 2004. I am sure that oil is pumped from public lands under dirt cheap leases. Just think if that oil was kept here for the American Market it sure would help drive down the price of gas faster than drill, drill, drill everywhere could come on line!!
Sorry OT warning but this is one of our BlueAmerica Candidates… AZ - 01
A supporter of Ann Kirkpatrick is admitting that Howard Shanker has largely overcome her overwhelming advantage in funding to bring the race to within four points.
Actually it is on topic…. Howard is an environmental Attorney who I gave the power point to….
Found it Jayt
thanks, Things !!
That is interesting. Oil has been very, very, good to T. Boone. T. Boone isn’t about to give it up. I suspect Page one is T. Boone Pickens. Page two is foreign oil. Global warming didn’t make it into this edition but maybe it will be in the sequel.
julia has time out upstairs
Oh man, thanks for this post!
I’ve been very upset by this PR freeride T. Booger Pickit has been getting with his smoke and mirrors act. Like this entire “Green Revolution,” it’s been a confusing time for many of us life-long environmentalists and activists. While it’s exciting to see so many of ideas coming to fruition finally, at the same time it’s frustrating that (at least in my own experience) we’re not getting credit for developing and pushing many of Green initiatives that are becoming so popular.
Not only the credit and respect to bring us to the table to figure out the best ways forward from here, but the financial investments through for-profit and non-profit ventures, which end up going to people with the PR budgets and resources to pump up their own “green credentials, no matter how meager their contributions have been to environmental causes.
Another case where Liberals have been right all along, yet are purposely vilified by our BigMedia structures so that few listen to us. Something isn’t considered “legit” until the Establishment, like T. Booger says it’s cool. Ugh.
Will just keep speaking truth to power as always, and at least get the satisfaction that we’ve pushed the pendulum this far, so that’s great. It is important to call out these charlatans as well, so thanks again for this effort.
Oooo…that’s great news! C’mon Howard…more and better!
Balancing can be a key here. I am not suggesting putting in a complete infrastructure for natural gas delivery system for cars but say for instance that school buses were converted. School buses run in the winter winds are higher in the winter. My son is putting in a wind farm in WY. he has over a year of data at his places. There is a very very significant wind generating capacity
Nahant … I tend to disagree about this. I’ve provided my thoughts about a path forward accepting as a given Nancy Pelosi’s call to Free Our Oil.
The most important thing, for me, is demand destruction. This is a win-win-win process that will help moderate oil prices, help consumers (through lower prices), help the general economy (fewer dollars heading overseas), and help on the Global Warming front. There are many fruitful energy efficiency paths (from insulating oil-heated homes to getting feedback systems into every car ASAP) to start making a real difference almost from day one.
Sigh … And, the frustration here is that T Boone will be at The Big Tent, on the stage, in Denver. Who is embracing him?
I guess when they say “big tent,” they mean a REALLY big tent. Next year they’ll have Wal-Mart execs there to talk about the importance of localized economies.
How about Plug-In Hybrid Electric School Buses (PHESBs) that operate with natural gas? Reduce, by at least half, the non-electricity fuel requirement.
I wasn’t saying that IS the solution but only a part of the solution for lowering the price at the pump. We do need to bring other energy solutions on line such as all the green forms. In the long run we need to be able to use the most element in the galaxy Hydrogen, the obstacles are great but it is probably the best near term solution.