T. Boone Pickens gets the Daniel Plainview treatment on the cover of this week's Business Week, in a story detailing the Dallas billionaire's quest to bring water from the Panhandle to Dallas at the cost of $100 million, give or take. Pickens, whose Mesa Power is already investing a couple billion in wind farms up in the Panhandle, figures water's the new oil -- which, notes the magazine, would make Pickens "a modern-day John D. Rockefeller," though I always thought being the current-day T. Boone Pickens was plenty enough for one man. So, here's the plan:
Pickens owns more water than any other individual in the U.S. and is looking to control even more. He hopes to sell the water he already has, some 65 billion gallons a year, to Dallas, transporting it over 250 miles, 11 counties, and about 650 tracts of private property... So far he has spent $100 million and eight years on his project and still has not found any city in Texas willing to buy his water.
Keep the Dallas Observer Free... Since we started the Dallas Observer, it has been defined as the free, independent voice of Dallas, and we would like to keep it that way. Offering our readers free access to incisive coverage of local news, food and culture. Producing stories on everything from political scandals to the hottest new bands, with gutsy reporting, stylish writing, and staffers who've won everything from the Society of Professional Journalists' Sigma Delta Chi feature-writing award to the Casey Medal for Meritorious Journalism. But with local journalism's existence under siege and advertising revenue setbacks having a larger impact, it is important now more than ever for us to rally support behind funding our local journalism. You can help by participating in our "I Support" membership program, allowing us to keep covering Dallas with no paywalls.