Friday, May 27, 2011

T. Boone Pickens wants the U.S. Government to give him 8 million 18-wheelers

on CNBC right now.

Do you know 8 million people who can be drivers?  Do you 8?

At $200,000 per truck plus natural gas trailer with a 4 year depreciation schedule, and $100,000 per driver ($80,000 per year in wages and benefits, plus 25% in administrative overhead), this is a $1 trillion program, before infrastructure and other operational costs.

This plan will start making sense once the average household consumption of gasoline hits about $2,000 per month.

I don't know who is more out of their mind, T. Boone Pickens, or the post-Haines CNBC for giving him the airtime.

Photo link here.

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