It seems that the great T. Boone Pickens is picking up the pieces of what is left of his “plan” (or should I say Central Plan) to “wean” the USA off oil and replace it with wind power and natural gas. (Earth to Pickens: environmentalists have natural gas, too, as it works. It is is good for humanity, environmentalists will hate it.)
The once-ballyhooed Pickens Plan is being scrapped, as it should be. The notion that we can reaplace coal and oil-fired energy with something as fickle as the wind is something only an environmentalist or a politician could love.
Central planners and their allies are forever laying out Great Plans for the Future. However, those plans always are foolish and dangerous, and “alternative energy” is no exception. If you want to understand the full extent of the real harm that environmentalism and the government central planning it spawns have done to humanity, read the articles of George Reisman.
Last year, one of our political science professors started screaming at me because I told him the Pickens Plan was wrongheaded and would fail. “You mean, you think you know more than T. Boone Pickens?” he screamed. “On this one, I do,” I replied, and he screamed at me all the way down the hall. I guess some of T. Boone’s investors feel like screaming at him.