Can We Get Out Of This Mess? Part Four
Regular readers: WARNING!!! Hold onto your seats!!!
T. Boone Pickens, a Texas billionaire, deserves a pat on the back. THUD!!! (Hey, I told you to hold onto your seats!) On one issue, this guy has stepped up to the plate and spent his OWN money to inform Americans about energy alternatives and our need to get away from using oil in so many ways. This will protect us from all enemies, foreign (probably his take on it) and domestic (my addition, as some of the most ruthless people on Earth are many, but not all, wealthy American business investors, also known as "the sit on their ass class").
Pickens has been promoting wind and solar power, but also the use of natural gas as a replacement for gasoline or other petroleum products. He makes a lot of sense, as these energy sources have the added benefit of causing far less pollution. Like any advertisement, he's "selling" us something, but in this case an "idea," and he seems sincere, and I've heard him in interviews about the subject on television. Now for the downside. (You can't have an upside without a downside.)
As presented by Pickens, it all sounds good. The problem, however, in my mind is the part about natural gas. He has admitted that natural gas will go up in price if his plan is adopted. I wholeheartedly agree with him, except that I think the price will go up so much, that we might well consider last year's $4.50-$5.00 a gallon for gasoline the "good old days." In my opinion, the wealthy and their money managers will shift HUGE sums into natural gas, driving it sky high. Remember the "Hurricane Katrina" price surge in natural gas? How could you forget when many folks went virtually bankrupt trying to heat their homes that winter. Well, once our wealthy investors get us latched onto natural gas for other purposes.....LOOK OUT!!! Those Hurricane Katrina prices may look low.
Pickens has made a bundle in his life, and he's spent millions of his own money to get us thinking about alternative fuels to replace oil. He's made his money in the "free market," and if that term doesn't scare the absolute hell out of you, after the torture we've been put through lo these many years, and now economic consequences of that torture, then nothing can scare you! Make NO MISTAKE about it folks, part of today's economic meltdown traces back to the run up in the prices of energy and just about anything else the "sit on their ass class" could lay their hands on. The ONLY way to keep the lid on prices is for GOVERNMENT, that's right, GOVERNMENT, to take the lead and keep energy sources OUT OF THE HANDS of greedy, ruthless business people. As I've noted before, our water resources are controlled by governmental entities, usually state or local, and the world has NOT ended because of it. Such control was done to prevent exploitation and abuse by PRIVATE individuals or companies. If we let these greedy bastards keep their hands on natural gas, and Pickens' plan is put into motion, 2008/2009 may look like those $4.50 to $5.00 a gallon prices for gasoline..."The Good Old Days."
T. Boone Pickens, a Texas billionaire, deserves a pat on the back. THUD!!! (Hey, I told you to hold onto your seats!) On one issue, this guy has stepped up to the plate and spent his OWN money to inform Americans about energy alternatives and our need to get away from using oil in so many ways. This will protect us from all enemies, foreign (probably his take on it) and domestic (my addition, as some of the most ruthless people on Earth are many, but not all, wealthy American business investors, also known as "the sit on their ass class").
Pickens has been promoting wind and solar power, but also the use of natural gas as a replacement for gasoline or other petroleum products. He makes a lot of sense, as these energy sources have the added benefit of causing far less pollution. Like any advertisement, he's "selling" us something, but in this case an "idea," and he seems sincere, and I've heard him in interviews about the subject on television. Now for the downside. (You can't have an upside without a downside.)
As presented by Pickens, it all sounds good. The problem, however, in my mind is the part about natural gas. He has admitted that natural gas will go up in price if his plan is adopted. I wholeheartedly agree with him, except that I think the price will go up so much, that we might well consider last year's $4.50-$5.00 a gallon for gasoline the "good old days." In my opinion, the wealthy and their money managers will shift HUGE sums into natural gas, driving it sky high. Remember the "Hurricane Katrina" price surge in natural gas? How could you forget when many folks went virtually bankrupt trying to heat their homes that winter. Well, once our wealthy investors get us latched onto natural gas for other purposes.....LOOK OUT!!! Those Hurricane Katrina prices may look low.
Pickens has made a bundle in his life, and he's spent millions of his own money to get us thinking about alternative fuels to replace oil. He's made his money in the "free market," and if that term doesn't scare the absolute hell out of you, after the torture we've been put through lo these many years, and now economic consequences of that torture, then nothing can scare you! Make NO MISTAKE about it folks, part of today's economic meltdown traces back to the run up in the prices of energy and just about anything else the "sit on their ass class" could lay their hands on. The ONLY way to keep the lid on prices is for GOVERNMENT, that's right, GOVERNMENT, to take the lead and keep energy sources OUT OF THE HANDS of greedy, ruthless business people. As I've noted before, our water resources are controlled by governmental entities, usually state or local, and the world has NOT ended because of it. Such control was done to prevent exploitation and abuse by PRIVATE individuals or companies. If we let these greedy bastards keep their hands on natural gas, and Pickens' plan is put into motion, 2008/2009 may look like those $4.50 to $5.00 a gallon prices for gasoline..."The Good Old Days."
Labels: economy, energy prices, free markets, natural gas prices, T. Boone Pickens, the wealthy
posted by Randy at 11:39 AM
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