Bloomberg has a2,800-word profile on the irrepresible T. Boone Pickens this morning that includes the unsurprising analysis that the Texas-oilman turned green-energy guru is acting partially out of self interest.
He has a 33 percent interest in Clean Energy Fuels Corp. (NAS:CLNE), which runs 184 natural gas filling stations and would clean up if legislation that he supports passes. He also has a stake in V Vehicle Co. with Al Gore’s shop Kleiner Perkins Caufield & Byers and 5 percent of Exco Resources Inc. (NYSE:XCO).
The Pickens Plan, to increase investment in natural gas and wind power, might actually benefit these investments, a think-tanker has discovered.
“The Pickens Plan is nothing more than a call to rig the market toward the fuels that Pickens has invested in,” says Jerry Taylor, a senior fellow at Washington-based research group Cato Institute.
To which we respond: yeah, so? Continue reading Shocker: T. Boone Pickens Is Acting In His Own Interest