So, what now T. Boone Pickens?
FAIL: Billionaire T. Boone Pickens Wind Power Plan Runs Out of Air. (via Bluegrass Pundit)
After wasting $2 billion on General Electric wind turbines, Mr. Pickens has given up on his wind farm plans. He is looking to sell the turbines to Canadians who are being forced to buy them because of their laws.
Unfortunately market forces were not favorable to Mr. Pickens, and in December 2010 he announced that he is getting out of the wind power business. What does he plan to do with his $2 billion worth of idle wind turbines? He is trying to sell them to Canada, because of Canadian law that mandates consumers to buy more renewable electricity regardless of cost.”
Pickens exemplifies the difference between being pro-business and pro-market. Well, his business, not yours. In fact, here lies a great example of why the little guy needs the free market but the billionaire can skate above it. Pickens is a good man with noble intentions but we all know where those paved streets lead. Rather than putting his trust in the market (i.e., his trust in the American people), Pickens used $80 million of his own money to influence government to force the average American to buy into wind energy (in the form of taxes and federal spending). [Click the link above to see his propaganda video.]
darcprynce
Dave C
Gatordoug
T. B. P. was one yesterday, and he will be one, and on and on.h He never cared about wind power but he sure cared about the Canucks having to buy his farm ouy. Come on J. I. what do you think Don’t ya just love G.E.! By the way, what’s the Diff. Between a Cannoe and a Canuck. All together Now! The canoe Tips! Never did Know how yto spell that word. Well along with some other’s.