T Boone Pickens -Energy Plan -
It would be interesting to see TB Pickens chosen as the next Energy CZAR. It would also further boost (Clean Energy , CLNE) a company he founded and is the largest stockholder of.
He has promoted his plan to government for a 20% reduction in foreign energy dependence in two years. No other public or private person has promoted a short term mitigation of the dyer effects caused by our rapidly escalating fuel prices.
His plan centers around a Huge Wind farm he is erecting in Northern Texas for domestic electric, as well as CLNE which promotes the use o nonpolluting, abundant, Nat. Gas for use in transportation.
He has a Honda GX and a Nat Gas storage tank in his garage. He claims no power sacrifice and pays the equivalent of $1.59 per gallon, recently during a CNBC interview. Nancy P., Speaker of the house, bought 22,000 shares of CLNE in May, so you can guess that the word has spread through Congress.
JMHO, but I think Pickens spending $60M in the last 4-6 week for a National ad blitz to promote his plan is also telling.
BOL : Imo it is a very interesting stock. I have owned since July but I think it is destined to do well.
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Re: T Boone Pickens -Energy Plan -
If he was chosen as energy czar, wouldnt it be a conflict of interest for a company he holds stake in to get any type of contracts thru the govt. that he is part of? Dont get me wrong, I like his plan alot and it seems very realistic and achievable but it doesnt seem like he can be czar and involved in a company that is making money from contracts that he is appointing. Correct me if this isnt right, I am no expert on this.