Tuesday, February 17, 2009

How Green Is Green?

T. Bone Pickens, the billionaire, has stated America has to be weaned off of foreign oil dependency. I for one agree with him.
Mr. Pickens has invested 12 billion dollars in wind farms in Texas. He has been pushing the concept for this alternate energy in hopes that it would catch on.
Even Nancy Pelosis ( Speaker of the House of Representatives) backs Mr. Pickens, she and her husband have invested $50,000-$100,000 dollars in Mr. Pickens company, Clean Energy Fuels Corporation or CLNE.
Nancy Pelosi has assured people who question her on the ownership of stocks in CLNE,( 22,000 shares) she would not be an influence on any legislation for alternate energy. President Obama is a big believer in alternate energy and would welcome any Green Technology. Energy will be getting some of the stimulus plan as of Tuesday when President Obama signs the bill . And speaking of Green Technology, General Electric is a leading supplier of Wind Turbines which may help GE if Wind Farms take off. As you know Jeff Immelt, the CEO of General Electric, is on President Obamas Advisory Committee. Green, green for some people.

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