T. Boone Pickens on CNBC’s Closing Bell: Gas Refineries Will Want Subsidies After Delta Deal
“Texas oil and gas investor T. Boone Pickens has a warning for Pennsylvania now that it is subsidizing Delta Air Lines’s purchase of a gas refinery: Keep your wallet handy.
Delta Air Lines is getting a $30 million subsidy from the Keystone State as part of a $180 million deal to buy a Phillips 66 refinery south of Philadelphia.
‘The state better get ready because other refineries are going to want subsidies for them, too,’ he told CNBC’s Closing Bell. ‘How they gonna handle that one?’”