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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: shades who wrote (68309)	8/31/2005 8:51:58 PM
From: Slagle	Read Replies (1) \| Respond to of 74559

Shades Re: "alternative energy" I think Pickens is an oil industry guy. Probably to old to take up a new trade. <g> It would be a little like Bill Gates getting into the meatpacking or shipbuilding business. Oil and alternative energy really dont have much in common, at least as far as the skills required to understand each discipline. Oil and AE really tend to be competitors of a sort. Back decades ago during the first energy panic Grumman Aircraft decided to get into the wind energy business in a big way. This appeared to be logical because the heart of a wind generator, the blades or propeller is actually a "lifting airfoil" like an airplane wing, something with which Grumman was a leader. But even with this head start the Grumman wind machines were colossal failures, many upstart small scale developers did much better. Slagle