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T. Boone Pickens...I just have to laugh!

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Joe Fields Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-10-09 01:22 PM
Original message
T. Boone Pickens...I just have to laugh!


At least for right now.

The godfather of greenmail, the quintessential corporate raider, the man who loved to buy your company, sell off the parts, throw thousands of people out of work at a time, and THEN raid your pension program......

Is now stuck with roughly two BILLION dollars worth of windmills, warehoused and sitting on flatbed trailers, all because the poor little texan who thought he could corner the natural gas market, so that he would reap untold billions, to finance the building of wind turbine transmission lines, didn't figure the natural gas market correctly.

What's a poor billionaire to do?

What goes around comes around.
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RandomThoughts Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-10-09 01:28 PM
Response to Original message
1. Build it and they will come? :shrug:
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Joe Fields Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-10-09 01:30 PM
Response to Reply #1
2. more like: try to get the government to underwrite you private venture...
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progressoid Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-10-09 03:52 PM
Response to Reply #2
21. Yeah, I'd like to think this is going to bite him in the ass but
more likely he'll get bailed out by us the taxpayer somehow.

And we'll get it in the ass.
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zbdent Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-10-09 01:30 PM
Response to Original message
3. hey T ...
I'll buy that for a dollar ...
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supernova Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-10-09 01:30 PM
Response to Original message
4. Here's a thought
Why doesn't he built the windfarm anyway and sell memberships or something?

You know, build it and they will come. Have a vision and enact it. Expect returns to take longer than six months.
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blm Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-10-09 01:39 PM
Response to Reply #4
10. Because it's also the WATER under all that land that he wanted to control.
.
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eppur_se_muova Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-10-09 07:18 PM
Response to Reply #10
27. In Texas, no less, where people kill over water rights. nt
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CrownPrinceBandar Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-10-09 01:31 PM
Response to Original message
5. What's he to do?..........
Build some windmills. Seems rather obvious to me.
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lapfog_1 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-10-09 01:43 PM
Response to Reply #5
13. Can't build them
the place where he wanted to build them is a long way from the grid. He needs to run power lines for a few hundred miles.

Needs the right of way and permits to put up the lines. Not to mention the money.
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CrownPrinceBandar Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-10-09 02:05 PM
Response to Reply #13
16. You're right............
but I was thinking long-term. He's got all the parts, so he has to build them eventually.
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berni_mccoy Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-10-09 01:32 PM
Response to Original message
6. It's not because he didn't figure the natural gas market properly...
it's because he didn't plan on transmission lines properly. It will be 2011 before any rights to transmission are granted and construction of transmission lines can be started. He bought the windmills a little too hastily.
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left coaster Donating Member (938 posts) Send PM | Profile | Ignore Fri Jul-10-09 01:34 PM
Response to Original message
7. yep...
Karma's a bitch!
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LaurenG Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-10-09 01:35 PM
Response to Original message
8. I heard him talking about that on NPR
He said he was still going forward but nothing would manifest as a windmill farm until 2011 or 2013. He also said he couldn't get funding or the converters made until 2011/2013. I thought he was funding this. I guess he still needs more money.
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blogslut Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-10-09 01:37 PM
Response to Original message
9. heehee
Ain't it great?

Not only that, he's likely to get screwed out of his ultimate plan to suck the Ogalalla Aquifer dry. Yay!
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dixiegrrrrl Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-10-09 02:29 PM
Response to Reply #9
18. why can't he suck the aquaifer while waiting for the other stuff to happen?
I am not clear on the whole story....
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blogslut Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-10-09 03:10 PM
Response to Reply #18
20. Well, for one
Edited on Fri Jul-10-09 03:11 PM by blogslut
The Panhandle of Texas has been fighting him for years over this. The Canadian River Municipal Water Authority is currently in negotiations to buy his water rights. It's been a while but as I recall, Boone only had 8 acres of land.

The thing is, even with water rights, Boone needed the power of eminent domain to pump the Ogallala out from under us. The wind farm, in conjunction with those power lines were part of his plan to suck us dry.

We voted his crony Mayor out of office 20 years ago and he, in turn, moved Mesa Petroleum to Dallas and waged a water war on us.

He's a snake, a thief and his word isn't worth a pile of cow shit.
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dixiegrrrrl Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-10-09 04:48 PM
Response to Reply #20
22. that clears things up.
but he sounded sooooo nice in those tv ads.:evilgrin:
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blogslut Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-10-09 04:50 PM
Response to Reply #22
24. That's his schtick
Edited on Fri Jul-10-09 04:51 PM by blogslut
Getting the rubes to believe he's sincere and plain-spoken. Many have fallen for it and until he kicks the bucket, he'll lure other poor suckers in.
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Democrats_win Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-10-09 01:39 PM
Response to Original message
11. "What goes around comes around." A perfect quote for the windmill man.
Can you just imagine him standing there, looking at his windmills? Tilting at his windmills?
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Joe Fields Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-10-09 01:46 PM
Response to Reply #11
15. Hah! I love it. That bastard has caused more misery in his lifetime...
than 90 percent of the people on earth.
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spanone Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-10-09 01:41 PM
Response to Original message
12. t boone ain't in it for the long run, eh?
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karynnj Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-10-09 01:45 PM
Response to Original message
14. This couldn't happen to a nicer guy
Edited on Fri Jul-10-09 01:47 PM by karynnj
I just hope the Democratic Senators who courted him - even at the convention and at a recent global warning forum think before they ally themselves with him.

I was not happy to see my Senator behind this - http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=385&topic_id=334341&mesg_id=334341 Environmental and business groups did a fantastic job defeating a referendum in CA that would have helped him on this. http://www.latimes.com/news/opinion/sunday/commentary/la-oe-rubenstein29-2008jul29,0,2346782.story

Not to mention he still owes Kerry and his crew $1 million that they wanted to give to vet organizations. Hopefully this setback keeps him from having enough money to create more trouble.
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AndyA Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-10-09 02:23 PM
Response to Original message
17. I remember well what Pickens did to Cities Service back in the early '80s.
It wasn't pretty. Pickens no doubt deserves what he gets if it's bad.
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Deep13 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-10-09 02:41 PM
Response to Original message
19. A K&R for you and a middle finger for Pickens.
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Horse with no Name Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-10-09 04:50 PM
Response to Original message
23. There was a very interesting article about Pickens here
talking about his REAL goal was obtaining the water right-of-ways in Texas which coincidentally, just happen to run right underneath the windmills he is procuring in the western part of the state.
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blogslut Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-10-09 04:53 PM
Response to Reply #23
25. Here's a handy Flash Video
http://www.viropop.com/zaproot/episode/ZPR_20080730
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Horse with no Name Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-10-09 04:57 PM
Response to Reply #25
26. Thank you much! People need to know this isn't some
benevolent grandfatherly type man seeking to benefit humanity.
He is a parasite.
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JI7 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-10-09 07:22 PM
Response to Original message
28. i always knew he was a fucking phony, he also owes Kerry a million dollars
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