Billionaire oilman T. Boone Pickens revealed on Wednesday that his much-vaunted Pickens Plan is nothing more than a sell-more-natural-gas-to-make-Pickens-richer plan.
At an energy forum in Ohio, Pickens stated,
I don’t want to replace natural gas with wind. I want to add wind to natural gas is what I want to do.
But the core of the Pickens Plan has always been to replace the natural gas used to produce electricity with wind power so that the gas could then be used in transportation to reduce our reliance on imported oil.
According to Pickens’ statement at the forum, the Pickens Plan is nothing more than a ruse to increase the overall use of natural gas. Pickens has significant natural gas-related investments, including in the largest seller of natural gas for transportation.
Click here for the audio recording of the relevant part of the Q&A session with Pickens.
Click here for Tom Stacy’s write-up of the event. Stacy asked the question that elicited Pickens’ frank response about his scheme.
Steve Milloy’s new book Green Hell: How Environmentalists Plan to Control Your Life and What You Can Do to Stop Them spotlights how green scamsters like Pickens plan to get richer while making you poorer.