Comments on: Weekend Reading Assignments For 20-Somethings Who Care About Their Future And Their Money

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By: Chris

Chris — Mon, 28 Jul 2008 18:53:36 +0000

I think you misunderstood me. I think it is great that he is willing to invest his money, and he should expect a return on his investment(just like I demand on mine!). I am glad he is trying to invest in the future, and more than happy he is willing to be explicit in his plan. But as the linked article quotes

“But he says he’s not in it for the money, and with $4 billion in the bank it’s easy to believe him.”

I was just saying he IS in it for the money (nothing wrong with that, but don’t be naive and think he is not), and I think that is where the future of energy should be headed. We should invest in alternative energy IF it is going to be profitable. I think we are learning with corn ethanol that you can’t support a business with subsidies forever.

I still think we are better off converting once to electric vehicles and be done with it. Much easier to change power plants than the entire infrastructure of the nation once to natural gas and then to something else later once we have a natural gas price crisis.

By: kevin duffey

kevin duffey — Fri, 25 Jul 2008 21:38:45 +0000

Why is it wrong for someone like Pickens to make money on his investments? He is willing to invest a great deal of his money into a vision, why should he not earn a return?

Innovation and progress comes from investment.

The natural gas vehicle thing is good because the technology already exists. We just need the infrastructure. Plus we have loads of natural gas domestically which means we don’t have to ship so much money overseas. It’s a win/win.

By: Chris

Chris — Fri, 25 Jul 2008 18:58:13 +0000

Boone Pickens will always be about the money, don’t be naive. Yet, i still agree it is better than doing nothing. I don’t agree with the conversion of vehicles to natural gas part, as I think we are just shifting the problem for a decade before we encounter similar problems. I would rather do this plan than nothing, but sometimes I wonder if we can ever do any large scale change because politicians will never agree on anything.

By: hank

hank — Fri, 25 Jul 2008 15:33:56 +0000

Thanks for the mention Kevin! Looking forward to the new side biz you’re cooking up!