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Ned Potter is the science correspondent for ABC's "World News with Charles Gibson." He has reported on such topics as space exploration, the human genome and climate change.
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The Pickens Plan
July 08, 2008 5:44 PM
Nobody can accuse T. Boone Pickens of being some wild-eyed environmentalist. He calls himself "a Texas oil man," the chair of a private equity fund called BP Capital Management. He puts his net worth at $4 billion, and he's often at the top of various lists of investment gurus.
But he's been all over the media -- his name was the ninth-most-searched term on Google -- because of this: http://www.pickensplan.com.
He's out to get America free of imported oil, he says, and he wants to do it with the things environmentalists dream about -- wind turbines for electricity, which would free up natural gas to run cars and trucks. He'd throw in nuclear power too, but only in the long term.
"I've been an oil man all my life, but this is one emergency we can't drill our way out of," he says on the website. "But if we create a new renewable energy network, we can break our addiction to foreign oil.
"On January 20, 2009, a new President gets sworn in. If we're organized, we can convince Congress to make major changes towards cleaner, cheaper and domestic energy resources."
He has some unlikely allies -- for instance, Carl Pope, head of the Sierra Club. "I certainly never expected to be inspecting wind operations with Pickens or to be hearing his scorn for the current political notion that we can somehow drill our way out of the oil-price crisis," writes Pope on his blog. "He's certainly likely to draw an audience that a green wind-power advocate from the Sierra Club could never command."
Pickens gives a simple-looking chalk-talk in a video on the Pickens Plan website, but there's nothing simple going on here. Pickens subscribes to the idea of "peak oil," the notion that our ability to find enough will dwindle. He says the peak passed in 2005.
"What a dramatic wake-up moment when a Texas tycoon tells us we have to cut our addiction to oil," says Fred Krupp, the president of the Environmental Defense Fund. "It's really time for America to act."
July 8, 2008 | Permalink | Share | User Comments (34)
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The problem isn't with whether or not to substitute for oil as an energy reource, but how to deal with the transition period. This transition cost issue is a lot more overwhelming than the switch from paper to electronic information format.
Posted by: ed | Jul 8, 2008 5:55:10 PM
The Website, as you might have guessed, is really slow, due to traffic?
I have seen and read a report though, of the content, and generally like the concept.
I have a lot of questions about clean coal though, but there is no question that we have to move from oil.
Posted by: Thinking | Jul 8, 2008 6:05:13 PM
Pickens is one smart cookie. He's already invested heavily in sucking the Ogallala Aquifer dry.
Posted by: cturple | Jul 8, 2008 6:22:28 PM
At least the guy is throwing out some ideas instead of sitting around whining about it! Any politician out there with anything?????
Posted by: Mr. Drysdale | Jul 8, 2008 6:37:11 PM
Pickens is right. We can't DRILL our way out of this problem.
Posted by: Betty | Jul 8, 2008 6:41:07 PM
Boy, what a reversal from what Mr. Pickens was talking about several weeks ago oh the Glenn Beck show on CNN. Wind turbines probably do sound good to a person of Mr Pickens means. I received a quote on a residential vertical wind turbine just last week, $8000.00 plus installation for a unit capable of producing 200 watts. This is even more ridiculous than the $80,000.00 for enough solar panels to totally cover the roof of my house, enough to cut 20% off of my $150.00 average electric bill.
DRILL HERE
DRILL NOW
Posted by: keller | Jul 8, 2008 6:48:04 PM
Just don't put those things anywhere near the not-in-my-backyard Teddy Kennedy's or his nephew RFK Jr.'s compounds in Cape Cod. Ruins their view.
*snort*
Posted by: Jo | Jul 8, 2008 6:53:10 PM
It's refreshing to see a good ole' oil boy invest 2 billion and his company resources into Texas windricity. It could be said that Mr. Pickens has sense enough to know which way the winds blow.
Posted by: kat | Jul 8, 2008 7:15:35 PM
Becoming independent from foreign oil and curing our national addiction to oil is a national security imperative!One of the most beautiful sites I've seen is acres of wind turbines in the valleys outside Palm Springs, California. Wind power, solar power, hydrogen cells - we have the technology NOW. Let's get this done!!
Posted by: hopesprings52 | Jul 8, 2008 7:33:50 PM
I'm a Democrat, and the objections to Wind turbines doesn't make any sense to me. I think they look quite elegant, actually.
Posted by: Nick B | Jul 8, 2008 7:38:45 PM
i am addicted to drugs but they cost so much so i will make them in my house even though they are bad for me and the environment. that is what you drill for oil people sound like. oil is old out of date tech and is bad for us and the world so why keep on feeding out addiction. because republicans are getting filthy rich off of your gas bill. and i dont do drugs just an example.
Posted by: tom | Jul 8, 2008 7:42:07 PM
even if we drilled in every county in every state in this nation the price will never go down. once these rich oil barons get a taste of making that much money they will never let it go. wake up people gas has been going up and up and up since we started useing it do you think we drill and gas maigically goes down to a buck a gallon. come on gas will never never go below $3 a gallon again.
Posted by: tom | Jul 8, 2008 7:45:46 PM
I find the turbines sleek and beautiful. Plus, I know that they are freeing us from our oil addiction. I find them to be a symbol of freedom and liberation.Developing wind, solar and hydrogen cell power is an elegant solution: it saves the environment, slows global warming, reduces our crushing energy costs, stops our dependence on dictators in unstable areas of the world and starts growing a new economy based on green jobs. It's gonna happen because it's the only way forward that makes sense.
Posted by: hopesprings52 | Jul 8, 2008 7:50:10 PM
Is this the same guy who bet $1 Mil that you could not find any falsehoods in the swiftboating of John Kerry and when faced with the evidence weaseled.
Posted by: Travler | Jul 8, 2008 7:50:27 PM
Pickens may be self-interested here, but he's not pitching an idea with no possibility of working. Germany produces 30% of it's electricity from renewable resources - including a lot of solar. Germany pays more of electricity put back into the grid by customers than they pay for it, making it cost effective. Gov't subsidies may be less expensive than importing more oil.
Posted by: Mickey | Jul 8, 2008 7:51:43 PM
60% of all the electricity australia uses coems from wind. the wind is always blowing and it will never stop.
Posted by: tom | Jul 8, 2008 8:00:07 PM
I had to laugh at a recent Exxon-Mobil ad which showed how new satellite technology was being used to locate oil deposits?! We have the alternative energy tech we need -- not that kind of tech that makes us more acutely addicted to oil and bankrupts average Americans at the expense of the oil fatcats. We have the technology. We can do it, all that it will take is the political will, and the commitment of Americans to see the change through and not be distracted by the greedheads who profit by our oil addiction.
Posted by: hopesprings52 | Jul 8, 2008 8:03:02 PM
the less we can drive the more it will help in the long run. we as a nation can vote with our tranportation choices. this can help bring down gas prices and move to alternative energy sources.
Posted by: glen | Jul 8, 2008 10:19:27 PM
HOME MADE HYDROGEN FROM A SIMPLE SET UP IS DOABLE WHY DON,T SOME PEOPLE ADMIT IT IS SO
Posted by: BOB MYERS | Jul 8, 2008 11:37:03 PM
Yep Bob, what you say is true. You also ignore the reality that it takes more energy (electricity) to split water into hydrogen and oxygen gasses than we can get back when we burn the hydrogen. Just a minor problem of line losses in the wires. Plus, where exactly is all of that electricity supposed to come from? We might reduce our demand for oil, but we would end up with a net loss of energy and more pollution and CO2 from the coal plants making the electricity than we would have gotten from the cars burning gasoline.
Posted by: B K | Jul 9, 2008 1:28:55 AM
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