{"id":350833,"date":"2010-02-22T09:30:34","date_gmt":"2010-02-22T14:30:34","guid":{"rendered":"http:\/\/www.businessinsider.com\/t-boone-pickens-bets-100-he-can-make-billions-2010-2"},"modified":"2010-02-22T09:30:34","modified_gmt":"2010-02-22T14:30:34","slug":"t-boone-pickens-bets-cramer-100-he-can-make-a-killing-manipulating-energy-regulations-in-his-favor","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/350833","title":{"rendered":"T. Boone Pickens Bets Cramer $100 He Can Make A Killing Manipulating Energy Regulations In His Favor"},"content":{"rendered":"

\"Pickens\"<\/p>\n

After plunking down $62 million in ads aimed at twisting American opinion to support alternative energy legislation he’s conveniently pre-<\/em>positioned to profit from, T. Boone Pickens must feel like $100 is chump change:<\/p>\n

SF Gate:<\/a><\/p>\n

Pickens said he’d made a $100 bet with CNBC’s Jim Cramer that his alternative-fuels legislation would get passed by Memorial Day. I said I’d take the bet, too. Not because I know a thing about energy, but because if I collect $100 from T. Boone Pickens, the man who epitomized greenmail in the deal-making ’80s, I’ll be able to brag about it. If I lose and have to pay him money, well, it feels like somehow I’m going to be doing that anyway.<\/p>\n

Investing is a lot more profitable when you can bend regulation in your favor, tycoons around the world know this already.<\/p>\n

But when you can convince people that somehow your version of regulatory manipulation occupies a ‘green’ moral high ground, you’re golden. Cramer will probably lose this bet, which in this case unfortunately means the public will lose it as well, but for far more than $100.<\/p>\n

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