House Speaker Nancy Pelosi recently called congressional Republicans who want up-or-down drilling votes "hand maidens of the oil companies." Let's call Pelosi what she is: House girl of the Big Wind boondogglers.
Though she seemingly backtracked on labeling drilling a "hoax" this week, Pelosi refuses to consider GOP energy proposals that don't include massive government subsidies for so-called eco-alternatives that have never panned out.
Which brings us to Madame Speaker's 2007 financial disclosure form. Schedule III lists "Assets and 'Unearned Income'" of between $100,001-$250,000 from Clean Energy Fuels Corp. -- Public Common Stock. Clean Energy Fuels Corp. (CLNE) is a natural gas provider founded by T. Boone Pickens. Yep, that T. Boone Pickens -- former oilman turned wind-power evangelist whose ads touting a national wind campaign are now as ubiquitous as Viagra promos.
Pickens and Pelosi share the same talking points downplaying the need to drill and open up more access to American oil. Instead, the Pickens pie-in-the-sky plan proposes to replace natural gas with wind power in power generation and theoretically free up natural gas for America's transportation needs.
All well and good in la-la land, but let's be real about the limitations and costs of wind power. Past and ongoing experience demonstrates the unreliability of wind and the miserably low operating capacity of wind power facilities here and around the world. Depending on wind requires supplemental fossil fuel plants as backup to be turned on and off to compensate for wind power supply shortfalls -- nullifying any reductions in carbon dioxide emissions, which are miniscule, according to the National Academy of Sciences.
Not to mention the thousands of sliced-up birds and other wildlife that have become wind power casualties -- a problem scientists say would be solved by "repowering" old turbines at a cost of untold billions.
Fittingly, the environmental mascot of the Democratic National Convention -- the showcase of their alternative energy approach -- is an eastern Colorado wind turbine propped up with Democratic carbon-credit funds that has never produced any substantial energy because of its chronic equipment malfunctions.
But I digress.
Naturally, the Pickens Big Wind plan is proudly endorsed by Do-Nothing Pelosi's friends at the obstructionist Sierra Club. Through another company, Mesa Power, Pickens has committed upward of $12 billion in wind farms on the Texas panhandle. CLNE and Mesa Power are separate entities, but what benefits one piece of the Pickens puzzle benefits them all. The wind venture, as Pickens himself acknowledges, depends on permanent federal subsidies.
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