Entries tagged "Pickens Plan"
Baltimore power producer and trader Constellation Energy Group Inc., which agreed to sell out to Berkshire Hathaway Inc., isn't the only one who has been burned on volatile oil and gas prices. The Wall Street Journal reported Wednesday that a commodity fund run by 80-year-old oil man-turned corporate raider-turned energy investor T. Boone Pickens is down 84% and a hedge fund that invests in energy stocks run by him is down 30%, both through August. That comes to $1 billion in losses, including $270 million in personal losses for Pickens. ...
Legendary oil tycoon and '80s raider T. Boone Pickens isn't picking sides when it comes to this year's presidential election. At least that's what he said at a breakfast hosted by The Wall Street Journal on Tuesday. Rather than rallying behind a single candidate, he said he has held talks with both Republican hopeful John McCain and the Democrats' Barack Obama with the aim of pushing his own plan to release the U.S. from the grips of foreign oil. ...
