I don't care if he profits or not, I just don't want him using taxpayer funds as seed money. His personal fortune is ample to fund any venture he can dream up. As a matter of fact, if he used his own fortune excusively.....he would not have not share the profits. What a concept. But it is shaping up that Pickens does not possess that level of risk-taking; it sure feels a lot more comfortable knowing the federal government is sharing the risk.
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Boone Pickens:pumping His Own Energy Plan
- Thread starter dsq
- Start date
I don't care if he profits or not, I just don't want him using taxpayer funds as seed money. His personal fortune is ample to fund any venture he can dream up. As a matter of fact, if he used his own fortune excusively.....he would not have not share the profits. What a concept. But it is shaping up that Pickens does not possess that level of risk-taking; it sure feels a lot more comfortable knowing the federal government is sharing the risk.
Quote from OldTrader:
For all you guys who are concerned that Boone may make a profit, get a clue! This is the USA. We alledgedly have a capitalistic system. For those of you who don't know what that is, it means "someone profits".
Who the hell cares whether Boone profits? I got news for you. Boone will probably profit over the years on both natural gas and wind, whether we adopt his plan as a country or not. So what?
You guys need to get over whether someone makes some money, and start worrying about how we are going to solve this problem. At least Boone took a step and came up with a plan! And I gotta tell you, I trust a plan more if a guy is doing it for a profit, than one that some do-gooder comes up with that he is going to put into play as a favor to us all.
OldTrader
EDIT: By the way, where is Charles Barton's plan?
Well put. If Obama or Gore or one of the Kennedys had come up with this, the media would be gushing over it. If it came from an oil man, it must be evil.
Liberals don't have a problem with trial lawyers making billions off class action suits that return little of value for their supposed clients. Democrat politicians want to raise taxes on small businessmen but they protected rich hedge fund managers from paying ordinary income rates on their incentive fees. The Hollywood crowd sees nothing wrong with making vast riches off garbage that has a toxic effect on young people.
Oilmen however are the enemy. Several prominent democrats are actually on record saying the industry should be nationalized. Hey, look how well FNM and FRE turned out.
Oilmen however are the enemy. Several prominent democrats are actually on record saying the industry should be nationalized. Hey, look how well FNM and FRE turned out.
Quote from BullAlert:
I am astounded by how naive some people here are.
Whenever these snakes come out ....
at least someone is awake and paying attention here....
besides, who elected this guy?
especially after he profited so much from helping run up, first NatGas to all time highs, then,
second, Fuel (oil, etc.), then,
well, who really cares, what else he's into,
it just don't smell Kosher...
Quote from AAAintheBeltway:
Liberals don't have a problem with trial lawyers making billions off ... suits
neither do Conservatives, who make even more.......
neither do plantiffs, who benefit.....
neither does the public, with some of the best consumer protection laws in the world.....(even with all the bad examples and cases)
neither do we as pompous, over compensated traders, whining all the time about just about everything....
Quote from limitdown:
at least someone is awake and paying attention here....
besides, who elected this guy?
especially after he profited so much from helping run up, first NatGas to all time highs, then,
second, Fuel (oil, etc.), then,
well, who really cares, what else he's into,
it just don't smell Kosher...
Nobobdy elected "this guy" because he didn't run for public office. That it the one problem with democracies. Nobody that can actually get things done wants to run for public office! Why would they? Stop quibbling over who is proposing the plan and tell what you think of it.
Quote from ang_99:
Nah, he's not in it for the money.
Dudes like 100 years old and is already a billionaire. More wealth is of no concern. This is his way of leaving this country in better shape and on a better path when he's gone.
how do you know he's not doing this for money?
Some people are addicted to collecting money, it's not the money itself that motivates them.
It is the motions that are involved in collecting the money which motivates them more. An OCD involving accumulating money.
If he were that "concerned" about the welfare of his nation. he'd do the same thing Warren Buffet, George Soros and Bill Gates have done with their wealth.
Quote from arealpissedgoy:
how do you know he's not doing this for money?
Some people are addicted to collecting money, it's not the money itself that motivates them.
It is the motions that are involved in collecting the money which motivates them more. An OCD involving accumulating money.
If he were that "concerned" about the welfare of his nation. he'd do the same thing Warren Buffet, George Soros and Bill Gates have done with their wealth.
Or you could say that if Warren Buffet, George Soros, and Bill Gates were at all concerned with this country's future they would invest their fortune in its future and not just give the money away.