T. Boone Pickens - Republican, Trader, Billionaire - has his own plans.QuoteThe most famous wildcatter in Texas history is spending $58 million of his own money to promote the Pickens Plan, which proposes massive wind farms (which hes already building), more reliance on natural gas (which he has a huge stake in), and ways to combat global warming (which loyal Republicans arent supposed to believe is real) to break Americas addiction to foreign oil. But does the 80-year-old have the energy to save the world?... now there is his $58 million national advertising campaign to promote his energy policy, which he is calling the Pickens Plan. Youve no doubt seen Boones full-page newspaper advertisements or watched his television commercials in which he states, Ive been an oilman my whole life, but this is one emergency we cant drill our way out of. You probably have seen him on his Web site or on television shows, standing before a whiteboard, scribbling all over it like a mad professor as he declares that the United States is spending $700 billion a year on foreign oilthe largest transfer of wealth in the history of mankind, he always points out. And if nothing is done, the country could very well be spending $10 trillion on foreign oil within a decade.Youve also heard about his solution, in which he wants other entrepreneurs and energy companies to build wind farms like the one hes constructing in the Wind Belt: the vast corridor that extends the length of the Great Plains, from Texas to the Canadian border. He wants the power that will come from those wind farms to replace the natural gas that we now use to make electricity. (About 22 percent of Americas electricity comes from natural gas, 50 percent from coal, 20 percent from nuclear power, and the rest from other sources.) In turn, he wants to use that natural gas as fuel for automobilesall of which, he says, will lead to a significant drop in gasoline use and a 30 to 40 percent reduction in our oil imports, saving close to $300 billion a yearT. Boone.
Last edited by TraderJoe
on August 29th, 2008, 10:00 pm, edited 1 time in total.