Pickens Plan Quietly Falters

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So much for the vaunted Pickens Plan. Texas oil billionaire T. Boone Pickens’ massively publicized scheme to build a $10 billion wind farm in West Texas has discreetly been put on hold. Pickens cites the difficulty securing financing during the credit crisis, but has also told reporters that energy prices would have to rise again before the project becomes economically viable. This underscores the myth about Pickens’ supposedly altruistic motives. The media has often portrayed him as an aging robber baron (and former Swift Boater) reborn as an idealistic green crusader–what use does an octogenarian have for greed, the thinking goes (He’s even a finalist now for Dallas Morning News‘ “Person of the Year”). But I’ve argued that Pickens’ real motive–getting even richer–is exposed by his plays for water rights in West Texas and public subsidies for natural gas in California–two moves adamantly opposed by environmentalists. Perhaps most telling, Pickens recently slashed $10 million from the media campaign he started to promote wind and natural gas. If Pickens himself isn’t going to peddle wind right away, it seems there’s less incentive for him to get everybody else on the wagon.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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