T. Boone Pickens has seen the light.
Or, maybe he's seen the green. The former oilman's words are all over the news these days. I even had the pleasure of seeing one of his commercials this past week.
The link above is for his newly launched Web site: "Pickens Plan."
To sum it up, Pickens has made a FORTUNE [repeat: fortune] on oil. That alone should stress to people the fact that the man is good with money and his life has been ruled by it. He recognizes what he calls the "strangle-hold" on our country imposed by our dependence on foreign oil, 70% of which fuels American oil consumption.
Pickens sees this 70%, which adds up to $700 billion, as money he's losing. He doesn't say that, but it's safe to assume. How can he invest in better, faster, closer to home energy?
Wind, baby!
Pickens predicts that in 10 years, with the right collective mindset, America can replace the natural gas used to create electricity in our country with the same amount of wind power. It would only take 20% wind power to eliminate our natural gas use ON ELECTRICITY.
Natural gas is a clean and abundant natural resource in the US. Instead of spending that resource on electricity production, we can put it into automobile consumptions. Pickens sites that there are multiple vehicles that are running on natural gas as we speak. By taking the natural gas that makes up 22% of our electricity production and putting into our transportation economy, we look to reduce our dependence on foreign oil by 38%. That means spending $300 billion dollars less on oil every year.
Pretty smart, huh? I thought so.
And this is where the ideology of incentive comes in. Pickens sees where his incentive lies. He's been investing in energy for decades. Now he's making a grand shift to be sure that his investments keep making him money over time. He sees the future in wind power and I trust him on that. He has more money and more experience than I do.
You gonna' argue with that?
Here's a link to the Jutia Group, they keep an eye on investments, that briefly explains the launch of "Pickens Plan."
The real hope is that Pickens can make some headway on this issue, especially with our current presidential candidates. If history has taught us anything, it's that money talks. Pickens has plenty of it and he knows how to save us from spending even more. Who wouldn't listen to an argument like that?
Happy Tuesday, everyone.
Be well!
*Say
Tuesday, July 22, 2008
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