rajsekar

T. Boone Pickens' Epic Wind Fail

Will any sane individual, leave alone billionaire, spend two billions to buy wind turbines for an unplanned wind farm? Leave aside all calculations and numbers favoring wind and natural gas. Boone Pickens has a basic credibility problem. Anyone trusting this guy with his Pickens Plan will lose his shirt? US needs to take a hard look at current energy hogs (cars and coal fired power plants) and make tough decisions. There is a platonic shift taking place in auto sector and all automakers who have setup manufacturing in US is going to end up with excess capacity. Our oil consumption can lower only by producing less number of cars. This number will have to settle below 5 million units. There is nothing that guys like Pickens can do about it

Pickens: World’s Biggest Wind Farm No Longer on Drawing Board

Pickens has a basic credibility issue. Why is Congress listening to Pickens and his plans? It's a well known fact that US is dependent on foreign oil for many years now and Pickens thinks that Congress realized it just last year. Picken's lean towards Natural Gas is surprising and I don't think our automotive or industrial sector is geared towards using Compressed Natural Gas (CNG). Countries like India, China and Singapore have invested money to run fleet vehicles using CNG, while US is lagging behind on usage of CNG. Storage of natural gas is a tricky issue unlike oil. Pickens is dead wrong on his plan. I wouldn't trust anything that Pickens talks. I wish some billionaire swift boats Pickens for his Natural Gas strategy and flip-flopping. Boone's wind plan is "Gone with the Wind". So what's next up in Boone's sleeve?