Friday, August 8, 2008

T. Boone Pickens Energy Plan

I watched an interview today with T. Boone Pickens on CNBC. I have been following his plan since it first was announced last month. An editorial I wrote on the Picken's plan is contained on a sister website, http://www.unitebristol.org/ which highlights his plan (http://www.pickensplan.com/) and provides links.

Many critics are skeptical of his motivations as T. Boone Pickens is a legendary oil man who has made billions in crude oil. He also has substantial holdings in natural gas and his new plan calls for creating an natural gas supply chain used to fuel automobiles.

His plan, to utilize a natural wind corridor from Texas to North Dakota to power wind mills has considerable merit in my opinion. This area commonly refered to as Tornado Alley has continuous strong winds that are capable of providing significant power used to generate electricity. Picken's claims that using these wind mills to provide the input power necessary to power electric plants it will free up 22% of our natural gas supply currently used to power electric plants. This freed up power would translate into natural gas available to power 38% of the automobiles currently using gasoline.

T. Boone Pickens indicated today that all the money he has will be left to charity. I personally do not care if it makes him even wealthier as long as it helps us to become energy independent and reduces our carbon emissions. The alternative energy opportunities are vast. As I have written in previous posts and articles America's commitment to developing viable alternative energy sources and products could be the driver that continues our high level of prosperity for the next 50 years or more.

Nothing should be left off the table. Our presidential candidates, our government and the American people need to support the Unite States drive for energy independence. Time is of the essence!

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