T. Boone Pickens

17 Stories

34 US Billionaires Pledge Half Their Money to Charity

Michael Bloomberg, Barry Diller, Larry Ellison among them

(Newser) - Bill Gates and Warren Buffett have convinced 34 more billionaires to sign onto their “Giving Pledge” initiative , promising to give away at least half their money to charity. The list includes the likes of Michael Bloomberg, Ted Turner, Barry Diller, Larry Ellison, and T. Boone Pickens, Reuters reports. “... More »

Oil Spill Dooms Climate Bill

Expanded drilling suddenly unpalatable for Dems

(Newser) - Energy reform advocates scrambled yesterday to rescue the bill that's been slogging its way through the Senate, but the Gulf oil spill appears to be the final, ironic nail in its coffin, Politico reports. Republicans will only vote for the bill if it includes an expansion of oil drilling, something... More »

Natural Gas Finds Could Herald Energy Shift in US

Discoveries speed push to replace coal, oil

(Newser) - A huge natural-gas discovery in Louisiana, on the heels of similar finds elsewhere over the past decade, is fueling a push to shift the nation’s energy portfolio, the Wall Street Journal reports. Louisiana’s Haynesville Shale could hold the energy equivalent of 18 years of current US oil production;... More »

Solar, Wind Boom Starts to Wither

Once thought recession-proof, green tech takes a hit

(Newser) - Wind and solar power have been growing at breakneck speed over the past few years—a demand the industry had hoped would continue to soar under the Obama administration. But instead, wind and solar power is dropping, with trade groups projecting a drop in new installations of up to 50%.... More »

Pickens, Facing Headwinds, Pushes Energy Plan in DC

Falling oil prices, stock market have taken alternative-energy push along for ride

(Newser) - Billionaire T. Boone Pickens is in Washington today to push lawmakers to breathe new life into his scheme for weaning America off foreign oil—which has suffered setbacks in recent months, the Wall Street Journal reports, not least of which are the energy and stock markets. A $100 decline in... More »

Slump May Doom Clean Energy Initiatives

Some nations could fall back on fossil fuel

(Newser) - Just as global warming initiatives were gaining serious momentum around the world, the financial crisis looks like it's undermining both the political will and the math that support them, the New York Times reports. With gas prices plummeting, US automakers may be scaling back investment in new technology. In Europe,... More »

Wild Horses Drag Pickens' Cash Away

T. Boone's wife adopts 30,000 mustangs, blocking euthanasia

(Newser) - Some 2,000 wild horses of the American West were in danger of euthanasia—until billionaire T. Boone Pickens’ wife, Madeleine, stepped in and offered to adopt them and 28,000 of their closest friends, the Washington Post reports. The Bureau of Land Management holds the animals in pens, rounding... More »

Don't Breeze Into Billion-Dollar Wind Projects

'Heedless investment' could provoke an ethanol-like blowback, writer asserts

(Newser) - Wind promises a practical source of renewable energy, but if the US doesn’t develop it properly, it’ll face another ethanol-like morass, warns Matthew Quirk in the Atlantic. Efforts like T. Boone Pickens’ $10 billion Texas wind farm are misguided. “Wind power is unlikely to cause a global... More »

Pickens' Own Energy Funds Down $1B

Oil magnate's plan for own investments not so sharp

(Newser) - T. Boones Pickens' energy plan might need some tweaking —at least when it comes to his own investments. Even as the billionaire campaigns for his energy independence proposal, his energy-focused hedge funds have lost about $1 billion this year, the Wall Street Journal reports. “It's my toughest run... More »

Pickens' 'Energy Plan' Lacking in Actual Detail

Talk may be cheap, but oilman spending $58M to push empty rhetoric

(Newser) - T. Boone Pickens has plenty of ideas about making the US less dependent on oil, and he has plenty of reasons why. But broad generalizations about using wind power to generate electricity and natural gas to power cars doesn’t offer enough “how-to-get-it-done” detail to make it an actual... More »

Let Innovators Light Way Out of Energy Crisis

Washington should learn from entrepreneurs

(Newser) - As oil-addicted America looks to its energy future, the nation would be wise to follow in the footsteps of two innovators offering straightforward solutions to the crisis, writes Thomas L. Friedman in the New York Times. “The Jewish Henry Ford” has a plan to turn Israel on to electric... More »

Pickens Drills Into McCain Campaign

Oilman's environmental turn enrages GOP, writes columnist

(Newser) - The reinvention of oil billionaire T. Boone Pickens as an environmentalist represents a huge political about-face, writes Timothy Egan in the New York Times. Four years ago, Pickens bankrolled the Swift Boat campaign that derailed John Kerry's presidential bid. Now Pickens, "looking a bit like the John Huston character... More »

Pickens Takes His Campaign to Capitol Hill

Billionaire's pitch for wind power backed up by big talk, big cash

(Newser) - Oilman T. Boone Pickens’ pitch for a new plan to get the US off foreign oil is drawing a great deal of attention—partially due to its rhetorical ambition, and partially due to Pickens’ willingness to walk the walk with his estimated $4 billion checkbook. Politico examines Pickens’ determination to... More »

Oil Tycoon Kicks Off Energy Campaign

Pickens wants to wean us from foreign supply with wind, natural gas

(Newser) - Billionaire oilman T. Boone Pickens is fed up with America’s dependence on oil and today launched a huge ad campaign to persuade the nation to kick its crude addiction, the Dallas Morning News reports. His "Pickens Plan" proposes that Americans swap gasoline for natural gas, then replace natural... More »

Pickens Stiffs Witnesses Against Swift Boat Ads

Oilman rejects evidence ads were false

(Newser) - The billionaire who bankrolled the notorious Swift Boat ads discrediting John Kerry's military record during his 2004 presidential run has rejected evidence that the ads were false. T. Boone Pickens offered a million dollars for proof the ads contained falsehoods—but has refused to acknowledge information provided by 10 men... More »

Oilman Pickens Throws in With Icahn in Fight to Control Yahoo

'I'll jump in with Carl' on proxy issue, he says

(Newser) - Carl Icahn's proxy bid to replace Yahoo’s board won the backing of legendary oilman T. Boone Pickens yesterday, reports the Wall Street Journal, but without a firm offer from Microsoft to acquire Yahoo the effort could still struggle. "I'll jump in with Carl. He goes in first, I... More »

Kerry Takes $1M Swift Boat Challenge

Senator vows to face Texas billionaire and blast allegations

(Newser) - John Kerry accepted a $1 million challenge today to back his military record against claims by the Swift Boat Veterans for Truth, the AP reports. The former Dem nom answered an open challenge by oilman T. Boone Pickens, a key funder of the group that claimed Kerry fudged his military... More »

17 Stories