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T. Boone Pickens: 'I've Lost My A--' in Wind Power - 'The Jobs Are in the Oil and Gas Industry'

By Noel Sheppard | April 11, 2012 | 09:07

A  A
Noel Sheppard's picture

Oilman T. Boone Pickens made a statement on MSNBC's Morning Joe Wednesday that should make every green jobs advocate including Barack Obama, Al Gore, and Van Jones sit up and take notice.

"I've lost my a--" in wind power. This came moments after he said, "The jobs are in the oil and gas industry in the United States" (video follows with transcribed highlights and commentary):

Early in the segment, Mike Barnicle asked Pickens what he would do to create a cheap, environmentally sound energy program.

After joking he’d rather be president than Secretary of Energy, Pickens said, “If I was president, I’d get an energy policy for America. You’re the only country in the world without an energy policy and you use 25 percent of the oil. We’re insane. And we have resources in America that we could have an energy policy.”

As for so-called energy independence, “I wouldn’t want to be,” Pickens said, “because I want to work with the Canadians. But we work with the Canadians like they’re the enemy sometimes. We tell them they can’t bring a Keystone pipeline to the United States…That’s 250 billion barrels of oil that the United States would capture for our use.”

Pickens continued, “You know that wind and solar are not going to move an eighteen-wheeler.”

With this in mind, Barnicle asked about so-called “green jobs” in America. “Are there jobs in this?”

“Sure,” answered Pickens, “if you go out and subsidize some of these things to develop them – yeah, you get jobs out of them, of course. The jobs are in the oil and gas industry in the United States. I mean, that’s where it is. You have an industry that is superb in comparison of oil companies around the world. They are the best.”

Pickens continued, “They found the oil the cheapest, they found the gas the cheapest for you and all, and you have somebody saying, ‘Hey, they’re not paying their fair share, and they make too much money, they need to be taxed more.’ Hey, they’ve gone out and done exactly what you wanted. They got jobs for you, they got the oil and gas cheaper for you. The problem is nobody understands energy in America. If they understood energy, they would know that, hey, something good is happening here.”

Co-host Mika Brzezinski said that domestic oil production is up, and asked her guest what the Obama administration has done that is good concerning energy.

“Well, they don’t have an energy policy," answered Pickens. Brzezinski followed by asking if Obama has done anything to increase oil production. He replied, “It has nothing to do with the administration…We’ve gotten someplace, but it’s because of technology advanced by the industry.”

“What’s getting ready to happen to you,” offered Pickens, “the horizontal drilling and the multiple frack zones in it, that’s all going, it’s going to be exported away from America. Is that bad? No, it’s not bad. It’s an industry developed here, share with other people, develop reserves.”

“Let me tell you,” Pickens continued, “you are looking at a fundamental change in energy globally is what you have. The OPEC nations are going to have the power taken away from them that they’ve enjoyed for the last twenty years.”

Story Continues Below Ad ↓

Jon Meacham asked, “Has there been a moment in the last 40 years when you thought the government was helping” when it comes to energy production?

“I don’t know of any place,” Pickens replied.

Meacham followed by asking if the upcoming election matters. Pickens responded, “Obama, his hands are tied. He’s got the greenies and the Left, but nobody accuses me of not being green. I’m in the wind business…I’ve lost my ass in the business.”

Host Joe Scarborough said laughing, “You’ve invested more in alternative energy than anybody else.”

“Exactly,” replied Pickens. “My issue is not political. I mean, this is an opportunity for America to advance, get on the back of cheap energy and recover your economy. It can be done, but we have no plan.”

Pickens continued, “Obama needs to go in, study it, look at it, and decide what an energy plan is, and then go forward with it. He needs to explain to his people, ‘Hey, we can get on everything green. We can get on everything renewable. Then the cost of power will go up ten times.' So be careful when you start fooling with it. Know what you’re working with.”

Sage advice, Boone, but will the Left and their media minions permit it?

About the Author

Noel Sheppard is the Associate Editor of NewsBusters. Click here to follow Noel Sheppard on Twitter.
  • 2012 Presidential
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Comments

Gee ...

Submitted by texastommy on Wed, 04/11/2012 - 9:26am.

He should have asked me. I knew he was going to lose is ass in wind. If it was really practical, we'd have those stupid windmills everywhere, like in California. They do work out pretty well in California. But then again, that state really blows.

"Occasionally, and randomly, problems and solutions collide. The probability of collisions decreases geometrically as the size of the committee created to force these collisions increases."
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Unfortuately the 'blow' in CA is really that

Submitted by bfrank on Wed, 04/11/2012 - 5:56pm.

sucking sound as its economy is going down the drain.

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At 84 I don't think what he

Submitted by Dan The Man 2 on Wed, 04/11/2012 - 9:49am.

At 84 I don't think what he lost will really matter to him. It is more a matter of he took a big gambol the government was gonna finance it and he lost. He still has billions.

Nuke em til they glow; then shoot em in the dark
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Legendary Oil Man

Submitted by billyjack on Wed, 04/11/2012 - 10:28am.

T Boone is typical of the problems with America. First, he didn't make his money producing oil and gas or creating wealth. He made his first big money selling Mesa limited partnership interests that went broke for all investors but Boone made out great. Then he became a corporate raider and green mailed energy companies. Then he got into commodities trading. His first venture bet wrong and lost, his second venture bet right and won in the futures market. Let's see, he bet on a coin flip 50/50 chance lost once and won once, what a genius. Virtually his whole career has been consolidating wealth to fewer hands without ever creating wealth. His wind power scam was designed to steal money from the taxpayer to his coffers.When the government in Texas refused to build a billion dollar transportation grid for free he folded. Simply because he made money for some reason makes him a hero. Bill Gates made money, but created wealth and prosperity for hundreds of thousands without reducing the wealth of others. Yet we celebrate Boone and only give accolades to Gates when he gives it away. There was a time in this country that "how" you made your money was as important as the money you made, not anymore.

Billyjack
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Billyjack

Submitted by amyshulk on Wed, 04/11/2012 - 1:30pm.

Amen!

The government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.
Ronald Reagan
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I wonder if ol' T-Bone is

Submitted by killa37 on Wed, 04/11/2012 - 1:22pm.

I wonder if ol' T-Bone is going to get scolded by the REGIME for making such a statement???

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New bumper sticker: 'Alternative energy = Lose our Ass'

Submitted by bfrank on Wed, 04/11/2012 - 5:51pm.

Question is if the motives of the Left are deliberate or accidental? Is this Obama's plan to fundamentally change America?

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At least it was Picken's ass while Obama is leading America

Submitted by bfrank on Wed, 04/11/2012 - 5:53pm.

to losing all our asses.

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Heh, looks like Pickens got hornswoggled

Submitted by Dave. on Wed, 04/11/2012 - 6:04pm.

Who didn't see this coming?

"Green energy" is a total sham.

-Dave

Vote for the American in November

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Boone still made some money.

Submitted by Zippy on Wed, 04/11/2012 - 7:13pm.

Boone still made some money. And he got paid for that interview.
Prolly more than you made all week.

-Zippy. Live in the dirt and eat out of a can. Or live in a can and eat dirt........ Die on your feet or live on your knees........
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New Bumper Sticker. I am a

Submitted by Zippy on Wed, 04/11/2012 - 7:10pm.

New Bumper Sticker.

I am a Pork Eating Infidel.
And I work for a Unicorn.

-Zippy. Live in the dirt and eat out of a can. Or live in a can and eat dirt........ Die on your feet or live on your knees........
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The answer my friends is blowing in the wind...

Submitted by ProudAmerican58 on Wed, 04/11/2012 - 8:23pm.

I just couldn't resist.

That's just my opinion; I could be wrong. -- Dennis Miller
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Thanks

Submitted by PeterAnthony on Tue, 06/12/2012 - 6:32am.

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