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[email protected] trader4@optonline.net is offline
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Default OT Looks like T Boone has switched from win to natural gas

On Sep 8, 8:32*pm, dpb wrote:
dpb wrote:
wrote:
...
T Boone was always planning on selling natural gas, it is a byproduct
of his oil business. The wind nonsense was just obfuscation.


Yep, mostly...


Also, owing to the nature of wind as a power supply, any generation from
wind which is intended to offset other baseload generation (say, coal)
will require an equivalent amount of standby generation, the most likely
for that being gas turbines. *Wonder how that fits into a gas man's
future????

--


I wonder how many people who are big fans of Pickens realize where he
made a lot of his money. In the 80's he was a corporate raider who
would buy up the stock of companies, make demands on them, threaten to
take them over, etc. In many cases, the companies wound up entering
into a settlement with Pickens. He agreed to go away and the
companies bought back his stock at far more than he paid for it.