The Pickens Plan 101
The more we learn about the Pickens Plan, the more we are impressed. The video clip above is of Pickens giving a quick 5 minute overview of our oil problem and his proposed solution. The crux of that solution is to replace the 22% of the energy that is currently being generated through the burning of natural gas with energy produced from the high wind corridor that sits in the middle of America. That natural gas resource would then be transfered to power automobiles, thereby dramatically reducing our consumption of oil.
According to Pickens, the key to this plan’s success will be having the right leadership, and having the ability to get the entire country on board and to “march in the same direction.” It seems to us that Pickens has provided us the answer, whether we implement it is now up to us and the leaders we choose.
- Similar Posts:
- A closer look at the Pickens Plan
- Pickens on Jim Cramer’s Mad Money
- Analysis of T. Boone Pickens’ interview with the LA Times
Comments
2 Comments on The Pickens Plan 101
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Damon Clifford on
Fri, 11th Jul 2008 4:51 pm
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btown on
Sat, 12th Jul 2008 8:22 am
I think it’s great that Pickens is putting so much money into alternative energy. For the most part his plan is great.
However, the part of the plan that fails is the natural gas aspect for vehicles. We don’t want to replace one non-sustainable energy source with another. Otherwise, we will run into the same problems with natural gas that we have with oil today.
That’s a good point, but from what I’ve heard of his plan, I think he recognizes that natural gas may not be a permanent solution for powering transportation, and that we will have to address that issue in the future as it arises. Since there is admittedly no “silver bullet” to this problem right now, it seems like figuring out the best possible (and practice) solution right now and then implementing it, is our best hope. We shouldn’t allow the inevitable fact that the plan is not perfect (since no plan of this magnitude could be perfect) create an excuse for inaction. We should pick the best strategy available and pursue it full force. Of course, we still need to be mindful of any future effects such a plan might create (like creating a greater dependence on natural gas).
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