Re: Boone Pickins

Posted by Matt from CT on October 30, 2008 at 14:07:27 from (173.7.225.95):

In Reply to: Boone Pickins posted by ken in texas on October 30, 2008 at 12:56:16:

Yeah, Boone's greedy.

What's the phrase I'm looking for, "Greed is good."

Thing is he at least has a reasonable plan. Not some fairy tales campaign promises (from either side).

It's also a plan that means INVESTMENT. Not investing -- we have far, far too much cash floating around that we don't know what to do with. First it made an internet bubble, then it made a housing bubble, then it ramped up oil prices on speculation.

If you've seen some of the posters here shaking their heads at having to sell tax free, insured municipal bonds at 6% or better when people are buying TAXED Federal bonds at 4.5%...that's money people don't know what the heck to do with it. So they're stuffing it under a mattress by buying treasury notes for ridiculously cheap money.

So let's do more drilling for natural gas. Plus those "methane hydrates" -- if you've read some of the doomsday scenarios from the global warming fanatics that a warming of the ocean could release methane, a much stronger greenhouse gas...that's what they're talking about. Frozen methane at the seafloor -- and there's a lot of off the Carolina coasts, as well as up in the Artic off Alaska.

Let's invest in the steel mills to build the pipelines and towers. Let's invest in factories here in the U.S. building the turbines -- you know Connecticut has some good experience with turbines and power...I can't think it would be hard to convert those machine shops that used build airplane turbines into making wind turbines...they're both big and go round-and-a-round.

Let's invest in technologies here at home -- gas stations that can pump natural gas; home fill stations for those served by city gas utilities; wind power (and also nuclear, geothermal, ocean currents) so that instead of spending $700B a year buying foreign oil most of that money is spent buying domestically produced electricity or natural gas. Money that goes to making good utility company payrolls. Money that goes to fund reinvestments and future purchases from domestic manufacturers building this heavy infrastructure.

Yeah, it's not perfect. Yeah, we know T. Boone's looking after his wallet. Doesn't mean you don't go and buy a truck because the you know that dealership is out to make a buck -- it means you negotiate tough with them and reach a deal you're both happy with.

Picken's Plan is the only fairly specific and comprehensive plan I've seen that actually has specific, achievable, tangible goals..

Or we can be a bunch of wusses, go through on a sweater, check our tire pressure, and wonder why our economy continues to go into the crapper despite the best efforts of socialists in Washington.

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