Goodideirs comment is well taken. Pickens should be making money. Hopefully lots of it.
Please note that Fred Banks is also correct. At best the availability of wind turbines is about 30%. Oversimply put, this means you need 10 to do the work of 3. Absent the very substantial federal subsidy the entire scheme will collapse. Of course we can all count on the politicians to continue the (enormous) tax rebate subsidy because the treasury can always print more money.
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Goodideirs comment is well taken. Pickens should be making money. Hopefully lots of it.
Oct 03 11:01 am
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All Comments by Red Raider »Pickens Explains His Plan [View article]
Please note that Fred Banks is also correct. At best the availability of wind turbines is about 30%. Oversimply put, this means you need 10 to do the work of 3. Absent the very substantial federal subsidy the entire scheme will collapse. Of course we can all count on the politicians to continue the (enormous) tax rebate subsidy because the treasury can always print more money.
Note: I am long CLNE and WPRT