Large Scale Central

Another side of T. Boone Picken's energy plan

Turns out the plan lines his pocket at taxpayer expense

http://www.latimes.com/news/opinion/la-oe-rubenstein29-2008jul29,0,2980323.story

or here, a shorter summary

http://www.washingtonmonthly.com/archives/individual/2008_08/014238.php

Remember I posted, about Picken’s plan, that before I signed on I’d keep close watch on my wallet? I wrote: “I have not looked at Pickens’ recommendations but right away skepticism seems reasonable. If a guy who made a huge fortune in the oil business starts telling me what I need to do I’m going to look at my wallet right away.”

Turns out skepticism was reasonable. How much money does the guy need?

mike omalley said:
Turns out the plan lines his pocket at taxpayer expense

http://www.latimes.com/news/opinion/la-oe-rubenstein29-2008jul29,0,2980323.story

or here, a shorter summary

http://www.washingtonmonthly.com/archives/individual/2008_08/014238.php

Remember I posted, about Picken’s plan, that before I signed on I’d keep close watch on my wallet? I wrote: “I have not looked at Pickens’ recommendations but right away skepticism seems reasonable. If a guy who made a huge fortune in the oil business starts telling me what I need to do I’m going to look at my wallet right away.”

Turns out skepticism was reasonable. How much money does the guy need?


This is nothing new. How many billions is he investing of his own money?
He owns oil. He owns natural gas.
Electric power is not practical for vehicles traveling long distance or hours. Natural gas is one of OUR resources.
The plan is to use the wind power to replace the natural gas we are already using for electricity. IE…it will not increase the use of natural gas.
Natural gas is $.98 a gallon in Hickory,NC.
So, T. Boone makes money after investing billions. You save money and more money stays in the country. Whats wrong with that?
T. Boone Pickens is a billionaire. He is making big money off the current oil situation.

Time to do some research on your own. The LA Times story is an opinion and full of falsehoods.
CNG is cleaner burning than oil based fuels by a wide margin despite what the author claims.
We have the largest known natural gas reserves in the world. We do not import most of our natural gas as the author implies. I guess he has his own agenda.
Do the research, Mike, as you have on others.

http://www.consumerenergycenter.org/transportation/afvs/cng.html

We produce 99% of the natural gas we use. This figure includes Canada
Ralph

Sheesh Ralph,

RB said:
We produce 99% of the natural gas we use.
you either burn a lot more than I thought or we send you a lot less than they tell us. BUT we are talking about the same kind of natural gas, right? The stuff that comes out of the ground, not the recycled bean bi-product. :/ :O
Hans-Joerg Mueller said:
Sheesh Ralph,
RB said:
We produce 99% of the natural gas we use.
you either burn a lot more than I thought or we send you a lot less than they tell us. BUT we are talking about the same kind of natural gas, right? The stuff that comes out of the ground, not the recycled bean bi-product. :/ :O
Did you follow the link? Ralph The 99% figure includes Canada.
Ralph Berg said:
Hans-Joerg Mueller said:
Sheesh Ralph,
RB said:
We produce 99% of the natural gas we use.
you either burn a lot more than I thought or we send you a lot less than they tell us. BUT we are talking about the same kind of natural gas, right? The stuff that comes out of the ground, not the recycled bean bi-product. :/ :O
Did you follow the link? Ralph
Ralph,

would I ask?

“More than 99 percent of the natural gas used in the United States comes from domestic or other North American sources.”

Since we’re not the 51st State, the “We produce 99% of the natural gas we use.” is certainly a mighty stretch. The devil is in the details!

Hans-Joerg Mueller said:
Ralph Berg said:
Hans-Joerg Mueller said:
Sheesh Ralph,

you either burn a lot more than I thought or we send you a lot less than they tell us. BUT we are talking about the same kind of natural gas, right? The stuff that comes out of the ground, not the recycled bean bi-product. :confused: :open_mouth:


Did you follow the link?
Ralph

Ralph,

would I ask?

“More than 99 percent of the natural gas used in the United States comes from domestic or other North American sources.”

Since we’re not the 51st State, the “We produce 99% of the natural gas we use.” is certainly a mighty stretch. The devil is in the details!


Screw the details. That’s why I’m the scale barbarian :lol:
I made the correction…Thanks
Ralph

As for the 51st state biz…we are giving it consideration :lol:

BTW HJ,
Rumor has it that the NAFTA countries will go to a common currency…similar to what the Europeans have done. If this proves true…you may as well be the 51st state and Mexico the 52cnd.
Ralph

Ralph, could you point out which parts of the LA Times piece are not true?

It doesn’t matter that Pickens invested his own money–my role, as a taxpayer, is not to guarantee him a good return on his investment. He has a project to line his own pocket which he is presenting as a program in the public good.

I thought I did Mike. Among other things he says CNG is not cleaner. He also implies we import as much of it as we do oil.
Follow the link to the California site.
Rebates and incentives are used for all green sources, including solar.
Ralph

Hey Ralph, I’m not worried; after I saw the transfer payments that go to some of your states … whoa!
Now apart from that, imagine Mexico and Canada starting to vote on the Pres and Congress items. Me oh my, you guys would have a fit and would need to be tied.

And to top it all those funny guys in Congress would have to get used to real, wide open free trade. I guarantee you, it wouldn’t pass in a hundred years. Not without some substantial amendments to the US constitution.

The whole thing is about as likely as G45/LGBoA/Slivergate reaching a deal with Märklin. :smiley:

Mike,

If it’s good for T-Bone (snicker) it must be good for the US as a whole.

Hans-Joerg Mueller said:
Hey Ralph, I'm not worried; after I saw the transfer payments that go to some of your states ....... whoa! Now apart from that, imagine Mexico and Canada starting to vote on the Pres and Congress items. Me oh my, you guys would have a fit and would need to be tied.

And to top it all those funny guys in Congress would have to get used to real, wide open free trade. I guarantee you, it wouldn’t pass in a hundred years. Not without some substantial amendments to the US constitution.

The whole thing is about as likely as G45/LGBoA/Slivergate reaching a deal with Märklin. :smiley:

Mike,

If it’s good for T-Bone (snicker) it must be good for the US as a whole.


HJ,
Always the skeptic.
As for the one currency for NAFTA countries…wait until next year :lol:
I’ve heard it is going to happen. I’m not endorsing the idea.

As for T. Boone…just because he has money does not make his plan self serving. He is old and has plenty of money. He knows money and it is frightening that 700 billion dollars are leaving the country just for oil. As he said, the biggest transfer of wealth in history.
Ralph

Ralph,

I consulted “Machiavelli” (he’s our cat), here’s what he said.

"Machiavelli" the cat said:
Sure the USA is now in favour of a currency union. When that happens the Canadian $ (formerly the Northern Peso) will tank in relation to all other currencies; BINGO the US gets the same terms they had when the Can$ was at US$-.66! That would be one sweet deal! And we would get to pay for all imports with the new NA Dollar which, if we're lucky, won't go much below 0.50 Euro. Then the Smart Guys around the globe will decide that oil will be pegged to the Euro and the Euro will be pegged to a gold or platinum standard (there were suggestions of brass, too). Floating is good for boats and stiffs that didn't merit a set of concrete boots.

Translators note: Machiavelli has a bit of an Italian background. Very shrewd at seeing the big picture, doesn’t bother with hummingbirds if there are quails for the taking!

What should we do about it? Ship more of our finest BC Bud, make sure it gets to Washington - DC that is, dummy - that’s where it’s needed the most!


I don’t know, sounds like “Machiavelli” is on to something. :wink: :slight_smile:

If it’s in the LA Slimes, I tend to hold on to my wallet. It’s the worst paper on the left coast, perhaps the nation, perhaps the whole world!

Anyone ever consider that the guy is frickin 80 years old? He likely wont even be alive in a few years to realize the “lining of his pockets”

Anyone ever consider that maybe, just maybe, he’s right?

Scientists have only been saying only for 40 years since the 70’s that we use too much oil, and we use more than ever imaginable back then today…

Heres my idea, do nothing, just sit on your thumbs and let your children and your grandchildren worry about it, who gives a crap if the US becomes a thirdworld country because it fell behind the rest of the world, who invested in alternative energies and ideas and werent ground into poverty when the oil ran out, Hell, we’ll all be dead anyway and as long as we can drive our fatassmobiles today, who gives a wet fig about 10, 20 or even 30 years from now!

Note: sarcasm intended

I’m all for alternative energy sources. I just want them to work.

T-Bones windmills require fossil fuel or nuc-u-lear fuel plants as backup because the wind in only reliable for 30% of the time. That means that for every 10 mega watts generated by wind, there has to be 7 megawatts of fossil or nuc-u-lear fueled plants already on-line ready to take up the slack at a moment’s notice when the wind drops. Some savings, huh?

Use corn to produce ethanol? Don’t get me started. Might just as well capture the methane after Vic or Ralph or I eat refries! :smiley:

Solar? Where? Heck, even the diehard greenies don’t want that anywhere.

I am in favor of alternative fuel, we will get there someday, but we need the oil now. Or do you want to go back to being a 3rd world country a lot faster?

I like the idea set forth in “Back to the Future.” Pour garbage into the back of the DeLorean. :lol: Good Lord! Was that 24 years ago?

We need to start using the natural gas now.
Think of it as a matter of national security. We are presently beholden to a group of Middle East nations.
700 billion a year is a serious drain on the economy. Security comes from strength and wealth.
I would much rather buy natural gas from the US and our Canadian friends.
Ralph

They can also now make ethanol from garbage. General Motors bought the company that patented the technology.
Production starts 2011.
Ralph

Steve Featherkile said:
T-Bones windmills require fossil fuel or nuc-u-lear fuel plants as backup because the wind in only reliable for 30% of the time. That means that for every 10 mega watts generated by wind, there has to be 7 megawatts of fossil or nuc-u-lear fueled plants already on-line ready to take up the slack at a moment's notice when the wind drops. Some savings, huh?
Steve:

Absolutely not so. Electricity is one of the most versatile forms of energy. While it’s true it is hard to store in its native state, it can be used to very efficiently do all kinds of work. That work can be applied to either create direct storage of (potential) energy, or to make other forms of energy that are easier to store.

Just a couple of currently available examples:

Pumped (water) storage. Very large amounts of potential energy can be stored in pumped storage complexes as the electricity is generated. The same pumps that are driven by electricity during the storage phase are then used as generators to convert the potential of the stored water back into electricity as it is needed. The storage medium (water) can be used over and over, never wearing out. The storage reservoirs can have recreational uses in addition to their primary purpose. This winds up being a very efficient system for storing huge amounts of electrical energy.

Another use for electricity is the electrolysis (electrical decomposition) of water, creating Hydrogen and Oxygen. This is an all natural process, and the resulting Hydrogen is an extremely efficient, very clean burning fuel. Using some more of the available electrical energy to cool and liquify the Hydrogen allows large amounts to be stored in relatively small spaces.

There are lots of ways to store or convert electrical energy, especially if that electrical energy is low cost when it is created. The wind plants would supply this relatively low cost power, thus allowing for conversion and conversion losses without sacrificing much of the initial efficiency.

More ways to store the electrical energy will certainly be developed as the need emerges.

As to Mike’s blast at Pickens’ plan: I would ask what is your preferred alternative?

Here are some possibilities:
*Continue with our import of oil and export of our country’s wealth, including the inevitable military actions that will be necessary to ensure our supply as the world availability truly outstrips the ability to produce?
*Huddle in dark, cold caves? (This seems to be a favorite among many so-called environmentalists.)
*Or as Vic suggests, do nothing and let the following generations deal with the problem?

T. Boone Pickens (I’m not certain why some of you are having so much trouble with spelling his name) is proposing to use our natural resources and technical capability to do something about the coming energy crisis before it becomes a real crisis. We may think paying $4.00+ / gallon is a crisis, but it isn’t even a start on what will come without some kind of definitive action on the part of our government and us citizens.

Pickens is investing millions of his own and his investors’ money to get this started. It’s always easy for the so-called intellectuals to stand back, call someone names, and criticize the efforts, but much harder to join in finding solutions.

Mike, I truly hope your students get better than that from you.

And as to Pickens making money from his ideas and investments: Do all you naysayers do your work for free?

Response & Rants complete!

Happy RRing,

Jerry

Well said Jerry.
The sooner we start the better.
And I believe it is several billion he will be investing. He’s backing up the talk with action.
Ralph

Jerry Bowers said:
[

Pickens is investing millions of his own and his investors’ money to get this started. It’s always easy for the so-called intellectuals to stand back, call someone names, and criticize the efforts, but much harder to join in finding solutions.

Mike, I truly hope your students get better than that from you.

And as to Pickens making money from his ideas and investments: Do all you naysayers do your work for free?

Response & Rants complete!

Happy RRing,

Jerry


Nice, Jerry–a personal attack on my professional work! Stay classy!

If you look at the original post, you will see that NOWHERE did I say that Pickens is not entitled to make money on his investments. I only pointed out that his plan may not be the public spirited act he presents it as. And in fact, it is heavily designed to improve the value of his investments.

He is of course entitled to do that, but not at taxpayer’s expense. And presenting a plan for your personal gain as a patriotic piece of public service is, well, sleazy in my opinion.

It may indeed be a fine plan. But as I said above, before I sign on to Mr Pickens’ plan, I’m going to watch my wallet very carefully, that’s just prudent.

Or maybe it’s just mean of me to be so suspicious of nice billionaires. If the subject comes up, I’ll tell my students to just believe whatever Mr. Pickens says.