You've heard him on the radio and on TV, the rumbly voice of oil magnate T. Boone Pickens and his new clean energy plan.
The first time hearing it, you probably thought it was a John McCain commercial. But after listening to his seemingly heartfelt call to stop our "addiction to oil" and move toward more renewable resources, you kind of liked T. Boone Pickens. What better voice for clean energy than an smooth talking oil man from Texas?!
Or, perhaps, you were like me and wondered: "OK, where's the catch." After all, isn't this the same Pickens who funded both Bush presidencies and the Swift Boat attacks on former presidential candidate John Kerry?
Alternet.org has an interesting article on T. Boone Pickens today that debunks the oil magnates sudden change of heart. And though I don't think anyone should write-off Mr. Pickens yet, it should you give you pause about his real motives.
In the story, journalist Scott Thill outlines Pickens' investments in hedge funds supported by foreign oil, his own personal stake in natural gas (which he's promoting as clean energy) and his bad record on water sustainability. His conclusion? That the Pickens' plan is just a well-advertised Ponzi scheme.
The facts and links Thill put together are too numerous to summarize here, so if you have a few minutes, read the article.
(Photo credit: PRNewsFoto)
