What's Boone Pickens Up To?


I'm sure you've all seen the commercials featuring T Boone Pickens as an altruistic seeker of clean energy for the good of the country. And I'm sure you've seen Nancy Pelosi's rather vocal denunciations of those on the other side of the aisle clamoring for off-shore drilling to begin. Another altruistic sort.

At least, that is what these two would have you believe. Michelle Malkin's recent column on National Review Online, Energy Viagra, provides some facts concerning the ulterior motives of these two, which mainly involve lining their own pockets. A few excerpts are below:

Energy's Viagra
Pelosi and the Big-Wind Boone-doggle.

By Michelle Malkin
House Speaker Nancy Pelosi recently called congressional Republicans who want up-or-down drilling votes "hand maidens of the oil companies." Let's call Pelosi what she is: House girl of the Big Wind boondogglers.

Though she seemingly backtracked on labeling drilling a "hoax" this week, Pelosi refuses to consider GOP energy proposals that don't include massive government subsidies for so-called eco-alternatives that have never panned out.

Which brings us to Madame Speaker's 2007 financial disclosure form. Schedule III lists "Assets and 'Unearned Income'" of between $100,001-$250,000 from Clean Energy Fuels Corp. -- Public Common Stock. Clean Energy Fuels Corp. (CLNE) is a natural gas provider founded by T. Boone Pickens. Yep, that T. Boone Pickens -- former oilman turned wind-power evangelist whose ads touting a national wind campaign are now as ubiquitous as Viagra promos.

Pickens and Pelosi share the same talking points downplaying the need to drill and open up more access to American oil. Instead, the Pickens pie-in-the-sky plan proposes to replace natural gas with wind power in power generation and theoretically free up natural gas for America's transportation needs.

Naturally, the Pickens Big Wind plan is proudly endorsed by Do-Nothing Pelosi's friends at the obstructionist Sierra Club. Through another company, Mesa Power, Pickens has committed upward of $12 billion in wind farms on the Texas panhandle. CLNE and Mesa Power are separate entities, but what benefits one piece of the Pickens puzzle benefits them all. The wind venture, as Pickens himself acknowledges, depends on permanent federal subsidies.

Pickens is banking on 'em. And Pelosi is banking on him.

You likely won't here much of this in the liberal media.

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This page contains a single entry by Ron Moffat published on August 14, 2008 9:58 AM.

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