T. Boone Pickens throws in the towel on his natural gas bill

T. Boone Pickens said natural gas vehicles can survive just fine without Congress approving his so-called Pickens Plan. "It's going to happen, and you don't have to have Washington do it, thank God," Pickens said at Wednesday’s energy luncheon hosted by POLITICO. Pickens has had to increasingly tailor his proposal to offer federal incentives for natural-gas vehicles in the face of Capitol Hill stagnation. He now says the low price of natural gas will serve the market for the vehicles well enough without the federal assistance. And Pickens strongly suggested that he doesn't have any plans to try to push his plan anymore in the nation's Capital. “I will not go back to Washington again unless it's for a social event,” he said. The billionaire and former oil baron also lamented that while his plan initially promoted wind energy, that hasn’t worked out so well. “I’ve lost my ass” to wind-energy investments, he conceded...more

Shame on Pickens for going to Congress in the first place.  Wonder if his wife is listening?