T-BONE wants to own the Wind and Sun and have us pay for the infrastructure that will make him even more BILLIONS.
The only way to solve this permanently is to support decentralized sources. Trading one monopoly for another is not an answer.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
LA Times OpEd
T. Boone Pickens' 'clean' secrethttp://www.latimes.com/news/opinion/sunday/commentary/la-oe-rubenstein29-2008jul29,0,2346782.story Proposition 10 would put California taxpayers on the hook for his natural gas plan.
Texas oil billionaire T. Boone Pickens is pushing a national campaign to make the U.S. "energy independent" through wind power and vehicles that run on natural gas. His blitz of TV ads featuring his own down-home voice has picked up a lot of admiring news coverage. To date, Pickens has yet to explain whose dime will pay for this.
Well, Californians can clarify exactly whose dime it will be: Ours. Along with being the country's biggest wind power developer, Pickens owns Clean Energy Fuels Corp., a natural gas fueling station company that is the sole backerof the stealthy Proposition 10 on California's November ballot. This measure would authorize the sale of $5 billion in general fund bonds to provide alternative energy rebates and incentives -- but by the time the principal and the interest is paid off, it would squander at least $9.8 billion in taxpayer money on Pickens' self-serving natural gas agenda.
The initiative deceptively reads like it's supporting all alternative-fuel vehicles and renewable energy sources. But a closer read finds a laundry list of cash grabs -- from $200 million for a liquefied natural gas terminal to $2.5 billion for rebates of up to $50,000 for each natural gas vehicle.
Much of the measure's billions could benefit Pickens' company to the exclusion of almost all other clean-vehicle fuels and technology. Engines that run on compressed natural gas have a place in pollution reduction, especially for heavy trucks and public buses. But natural gas is a nonrenewable fossil fuel that we import from foreign sources, and it is no better (and in some cases worse) when it comes to emissions and fuel efficiency compared with the best hybrid cars or the new ultra-clean diesel engines. Most insidiously, Proposition 10's lavish rebates for natural gas-powered cars and trucks could crowd out superior technologies from taking root in California, the largest transportation market in the United States.