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The T. Boone Pickens Way: How To Supercharge Your Portfolio
While many billionaires are enjoying retirement on a super-sized yacht in the Caribbean, T. Boone Pickens is doubling down at the age of 80. Over the last three decades, investors who have followed his lead have made millions.
Pickens doesn’t work because he wants to move up the Forbes’ list of billionaires. Since last year, he’s given away over $200 million to his favorite charities. Instead, Pickens is a man on a mission and with a simple message: Ditch foreign oil and rebuild America’s domestic energy industry for a green and happy future.
Educated as a geologist, in 1951 T. Boone Pickens…
14Aug2008 | Investment U | Comments Off | ContinuedSecond thoughts about the Pickens Plan
I’m rapidly losing faith in T. Boone Pickens and his mission to change the tenor of the idiotic debate over energy in this country.
I already expressed mild misgivings the week he unveiled the Pickens Plan. But I gave him points for trying to get us out of the quagmire of a false choice between drilling on the one hand and conservation/alternative energy on the other. Commenters responding to my post seemed jazzed by the idea that zero taxpayer dollars would be required.
Ah, but it’s not that simple.
From the Los Angeles Times, an opinion piece by Anthony Rubinstein appears to blow…
4Aug2008 | Desidooru Saloon | Comments Off | ContinuedFormer Oilman T. Boone Pickens Taps Wind Power, Natural Gas to Replace Foreign Oil
He made his fortune as an oilman, but yesterday (Tuesday) legendary investor T. Boone Pickens unveiled a plan to cut U.S. dependence on foreign oil through the power of alternatives such as wind and natural gas.
“We’re paying $700 billion a year for foreign oil. It’s breaking us as a nation, and I want to elevate that question to the presidential debate, to make it the No. 1 issue of the campaign this year,†Pickens said, USA Today reported.
Pickens launched a Website titled “Pickens Plan,†which went live yesterday, to outline what he calls a “bridge to the future†to help cut…
9Jul2008 | Money Morning | Comments Off | Continued
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