Posted on 09-07-2008
Filed Under (General News) by jtrigsby

\”Our dependence on imported oil is killing our economy,\” Pickens said in a statement. Texas oilman T. The Pickens Plan will move us one step farther away from foreign oil. The country currently gets about 22% of its juice from natural gas.

Increased demand by the United States would push global natural gas prices higher, Becker said, thus mitigating any relief consumers might initially feel at the pump. Pickens is a very intelligent man,\” said Don Martin, vice president of Enmark Energy, a Texas oil and natural gas company. \”But once aroused, the American people can accomplish miracles. By shifting to natural gas as a transportation fuel and increasing our reliance on wind power, he said, we could cut oil imports by as much as 38%.

\”It is the single biggest problem facing America today. Energy tycoon T. He also sits on the board of Clean Energy Fuels Corp.

I couldn\’t reach Pickens to ask him these questions. Pickens\’ control. The wind power would replace the natural gas now used by power plants to generate electricity. \”But Becker at the Safe Climate Campaign said he didn\’t begrudge Pickens\’ turning a buck with the Pickens Plan.

Boone Pickens unveiled a plan Tuesday to wean the United States from its dependence on foreign oil. All that freed-up natural gas, in turn, would be applied to fueling millions of vehicles that now run on gasoline but would be converted — it\’s not clear how, or on whose dime — to run instead on compressed natural gas. They know where the money is. The Pickens Plan will save us trillions.

\”We really need to kick the tires on this and see what works,\” Becker said. Boone Pickens, now an investor in wind and natural gas fuel for vehicles, on Tuesday unveiled a proposal to substantially cut the nation\’s reliance on oil imports. The high cost of oil is \”killing our economy,\” he said in the ad. \”The so-called Pickens Plan would first entail a hefty investment — more than $1 trillion — in wind farms on an unusually breezy stretch of countryside extending from Texas to North Dakota.

\”The Pickens Plan is the way to go. Our friends in Russia are the leading natural gas purveyors, accounting for almost 15% of world exports. He\’ll also try to prod the leading presidential candidates, Barack Obama and John McCain, to pay more attention to the issue. But let\’s not be hasty.

\”That some may get even richer in the process shouldn\’t necessarily deter us from trying. Natural gas prices have been climbing in tandem with oil prices and are up 30% this year. Well, that\’s heartening. Moreover, we\’d still have to import more than a third of our oil — assuming everything went according to plan — and would probably end up importing a greater share of natural gas as well.

\”We don\’t need any more talk. For his part, Pickens said he\’d be spending $58 million on a multimedia campaign designed to raise awareness of the country\’s energy troubles and his plan for fixing them. \”If he can find a way to make money and help the planet, I don\’t have a problem with that,\” Becker said. \”He called the country\’s oil purchases from places like Saudi Arabia \”the greatest transfer of wealth in the history of mankind, sending billions of our dollars overseas to buy .

\”I\’m doing it for America,\” he said. Implementing the Pickens Plan could save our country. \”Mr. \”People in the oil and natural gas business are rich for a reason.

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Comments

scotty on 10 July, 2008 at 12:12 pm #

There is a public Forum for discussions about Pickens plan :
http://www.pickensenergyplan.com
Cheers.


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