The Pickens plan and crony capitalism by Larry Warrick


A Texas billionaire with a heavyweight investment in natural gas goes to Washington

80 House Republicans, many of whom claim to be ‘conservatives’, are co-sponsoring Rep. John Sullivan’s  (R-OK) H.R. 1380, the ‘New Alternative Transportation to Give Americans Solutions (NATGAS) Act of 2011’, also known as the Pickens Plan.  According to OpenCongress, the bill is “Designed to promote a switchover from petroleum-based fuels to natural gas for t