Jim Letourneau's Blog

Investing, Technology, Travel, Geology, Music, Golf. I think that covers it.

T. Boone gets Bitten

I like the Pickens Plan. Nobody has a clue as to when Peak Natural Gas will occur but if the most thoroughly drilled continent on the planet is awash with natural gas then its fair to say we have a few gassy decades to go. I'm not sure if he is still running his TV ads and  the US election campaign seems to be less energy focussed these days.

T. Boone Pickens said he and his BP Capital investment firm have lost some $2 billion

I'm sure he's getting more phone calls from disgruntled investors than for advice on energy strategy. Ironically, now is the best time to be planning for the future, when nobody seems to care. Plans designed when everyone is panicking about high prices are rarely effective.