I recently attended (and moderated a panel at) the Clean Truck and Bus Summit in Shanghai. Of course the first topic that came to my mind was electric vehicles. But this conference looked at the full range of alternative fuels. And one that was discussed much more than electrification was compressed natural gas, or CNG.
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foreign oil
At events such as the recent EV Roadmap 4 conference in Portland, panelists quibble about when plug-in electric vehicles (PEVs) will be ready for mass adoption, and how best to roll out the charging infrastructure. But to understand why the PEV movement is here to stay, it only takes two words: energy security.
Yesterday, President Obama announced that our Departments will jointly invest $510 million over the next three years to develop the domestic capacity for advanced biofuels. The funds will be leveraged with at least a one-to-one private industry match to construct or retrofit advanced biofuel plants to
What would you do if you were worth $3 billion? T. Boone Pickens? Propose to build one of the largest wind farms in Texas, of course!
T. Boone Pickens, American financier and Chairman of BP Capital Management, ironically grew his wealth initially through mergers and acquisitions of oil and gas companies. From there, Pickens expanded his company, Mesa Petroleum, to be one of the largest independent oil companies in the world by 1981.
With his continued success came much criticism. During his peak, Pickens has been accused of being a “corporate raider” – investors who essentially direct or execute a hostile takeover of a company, often with the agenda of breaking up and selling various assets of the company to gain large profits. Though most of his attempts at corporate raiding failed, his endeavors drove the targeted company’s stock up, making Pickens and other investors millions of dollars.