Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: Road Walker who wrote (398177)	7/12/2008 11:17:09 AM
From: TigerPaw	Read Replies (3) of 1576340

"I don't understand the advantage of a detour to natural gas. What is gained?" I think Pickens has access to a lot of natural gas. The advantage is to his pocketbook. According to an internal spreadsheet, BP Capital earned $146.8 million in 2001, $56 million in 2002, $432 million in 2003, and $340 million in 2004. Along the way, he started an energy equities fund, and he grew Pickens Fuel (later renamed Clean Energy) into the nation’s largest supplier of natural gas as an alternative vehicle fuel, with more than 150 stations from British Columbia to Southern California. portfolio.com TP

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