Pickens Plan III: More Retreat but Still Errant (SPR oil for nat gas)

By Robert Bradley Jr. -- May 14, 2013 3 Comments

When it comes to energy, T. Boone Pickens esteems government planning. When asked about President Obama’s recent proposal for an Energy Security Trust, Pickens responded:

That starts to talk about a plan. He’s going to fund something to start something…. Make a plan … and do something different.

And low and behold, Pickens is crusading with yet another energy plan, his third in the last six years. As before, his animus is against Big Oil (see Appendix) and his fondness for personal dollars.

Pickens Plan III proposes that the federal government sell oil from the Strategic Petroleum Reserve (SPR) to jump-start the costly transition from oil to natural gas to fuel transportation. We don’t know the details yet, but T. Boone in March began pushing his new plan in the national media and local press.…

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Pickens Plan II: Retreat as Prelude to Failure? (worth reading Sunday)

By Robert Bradley Jr. -- March 29, 2009 2 Comments

Several MasterResource posts on the problems of the original Pickens Plan, and the retreat to Pickens Plan II, are worth revisiting as T. Boone continues his multi-million-dollar quest for a government-engineered energy makeover.

Pickens, like Al Gore, does not want to debate his plan–he just wants to implement it with edicts. But fundamental problems remain with Pickens I and the scaled-back Pickens II. Here is a one-two-three punch by critics:…

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Pickens Plan II’s Natural Gas Trucks: Mel Brooks Meets Energy Policy

By Donald Hertzmark -- March 9, 2009 12 Comments

Mel Brooks, in his classic comedy The Producers, schemed to make money by over-subscribing shares in a sure-to-fail play. Unfortunately for his character, the play became a smash hit, and all the investors wanted their payouts. Since he had sold well over 100% of the interest in the play, he was in a bit of a pickle.

And so it is with natural gas. Clean, easy to use, abundant—natural gas is everyone’s choice for our energy transition away from oil and coal for power generation, industry, homes, and now transportation. Enter oilman-turned-wind-promoter T. Boone Pickens, with a proposal to move U.S. heavy trucks strongly toward natural gas fuel (as compressed natural gas, or CNG). And to enable the offset, the electricity that is currently generated by such gas (about a 21% market share of power generation, according to the Energy Information Administration’s Annuel Energy Outlook 2009, Table 8) would be supplied by new wind farms, built mostly in the Plains States.…

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Lay/Bush/Perry: Fathers of the Texas ‘Clean-Energy Powerhouse’ (an ERCOT backstory)

By Robert Bradley Jr. -- March 8, 2021 1 Comment

“‘I think ultimately we’re headed for an era in which my grandchildren will be driving electric cars, powered primarily by renewable energy,’ [George W.] Bush said. Oil, he said, brings economic, environmental and national-security problems.

– Kate Galbraith, “W. is for Wind,” Texas Tribune, May 25, 2010.

Let history note that Enron and Texas governors George W. Bush and Rick Perry created an industry that consumers in a free market did not. With the help of the federal Production Tax Credit of the Energy Policy Act of 1992, since renewed 13 times, as well as the $6.9 billion CREZ transmission line, Texas became the wind power state on the backs of national taxpayers and in-state ratepayers.

Bush’s “America is Addicted to Oil” reference in his 2006 State of the Union address did not come out of nowhere.…

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Shell’s van Beurden Shames Oil and Gas

By Robert Bradley Jr. -- September 8, 2020 1 Comment Continue Reading

“Execs’ Open Letter to 2020 Candidates Promotes Oil & Natural Gas”

By Robert Bradley Jr. -- February 26, 2020 5 Comments Continue Reading

$150 Oil? Don’t Go Malthusian (geopolitical premium at issue)

By -- August 15, 2018 1 Comment Continue Reading

Contra-Capitalism as a Business Syndrome

By Robert Bradley Jr. -- March 27, 2018 5 Comments Continue Reading

ExxonMobil’s Tillerson on Wind and Solar Subsidies (an argument to remember)

By Robert Bradley Jr. -- September 21, 2017 6 Comments Continue Reading

Why We Fight (Part I: AEA Is “Big Liberty,” Not “Big Oil”)

By -- June 20, 2017 No Comments Continue Reading