Monday, May 19, 2008

If a legendary Texas oilman says it....

The end quote of an interview that CNN published today with T. Boone Pickens is, "But we are going to have to do something different in America. You can't keep paying out $600 billion a year for oil."
The guts of the story are that Mr. Pickens is going into wind farming. I can't think of better people to do this than oilmen and oilwomen (surely there must be oilwomen?). These are people that understand the energy markets and know how to make viable energy businesses. And it takes their money - hopefully a lot of it -- out of the losing game of squeezing ever more oil out of every possible source.
Nice to have a bit of good news in this generally bad-news era.

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