Pickens' Ploy

T. Boone Pickens' commercial sounds like a good idea. It actually is a good idea; but much of what Pickens almost everything that Pickens says is false and misleading. In the TV commercial‚ Pickens is quick to point out that "700 billion dollars are leaving this country to foreign nations every year". Pickens says this as if it is the US government that is sending the money to these countries, while in reality it is the oil companies, you know, the evil Exxon and British Petroleum, that are taking the blow. Next Pickens explains that this will be "the largest transfer of wealth in the history of mankind". Here Pickens makes it seem that it is truly a "transfer of wealth", which is just incorrect. In return for the 700 billion dollars we recieve the staple of life itself in the US, crude oil. What Pickens means to say is that this will be a basic PURCHASE between two companies, not at all a "transfer" of wealth. Last, Pickens pushes his new plans for wind and natural gas. Pickens is in no way an unintelligent person. He knows that advertising is a main part of business. Nowhere in this statement, or anywhere on his personal website does he mention his personal $4,000,000,000 investment in both wind energy and natural gas! It is easy to abandon oil when it has nothing less to offer you, which is exactly what smart investor T. Boone Pickens has done. The Pickens' Plan is nothing but an ad for a single man's personal financial gain.