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Pickens Losing to Koch in Billionaires’ Natural-Gas Feud

T. Boone Pickens, who’s been saying for more than a year that Congress was poised to pass his plan to subsidize natural-gas vehicles, may not have been expecting opposition led by fellow billionaire Charles Koch.

Pickens, 83, the chairman and chief executive officer of BP Capital LLC., a Dallas-based energy investment fund, has spent $82 million since July 2008 promoting the use of domestically produced natural gas to power cars and trucks, according to Jay Rosser, his spokesman.