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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

Pickens_02_080708_main 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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Why can't the USA put up large solar power farms in the southwest? Endless miles of desert are the ideal location for such large farms. And if certain areas of the country have so much wind, put up those wind mills! I keep hearing how windy areas of the midwest are, so why not put up those wind mills?

Gee, just shut up about complaining and start doing something now!

Posted by: GWP | Jul 9, 2008 8:04:04 AM

GWP, exactly. We hear nothing but rhetoric from not only politicians, but from the American people as well. We always say we need to do this, or we need to do that. But when it gets down to it, we don't. Why? Because it's easier to keep doing what we're doing. We don't like change, because it's hard. I'm even guilty of that. I have a huge problem with one man, a Congressman telling a company that they can't build a windfarm, offshore, where it will have minimal impact on people, and disturb very little marine life, just because it "might" ruin his view of water. If I remember correctly, these farms would have been miles off shore. So the likelyhood of him even being able to see them is slim. Everyone has to make sacrifices. I'm doing it. But I guess if you have the funds, you don't have to do it as much. I say go over his head, get backing and the permits to build the farms. Couple that with Solar, and Nuclear, we'd be using very little biomass to power our society. Then switch all cars to run on electricity or fuel cells, and we won't need oil anymore. But thats nothing but a dream right now. Too many politicians afraid of losing votes. And that, my friends, is the real problem.

Posted by: Lawrence | Jul 9, 2008 8:47:04 AM

Lawrence, you've hit the nail on the head - in a sense. Everyone should find out who their congressmen and senators are, send them emails (they all have a site), and ask them why they aren't putting forth plans to rid us of the oil monkey. Then, back that up by voting them out in November, if they don't comply. This is an election year, the perfect opportunity for a sea change, but Americans have to get off their butts and vote!

Posted by: Chuck | Jul 9, 2008 8:57:23 AM

The Pickens Plan is simple and effective: a recipe for a complete shutdown by our elected officials. I am concerned that Americans and our system may have become incapable of pulling together for a technological change of this magnitude as has been done with other past national projects. Personal gain, a feeling of helplessness and over regulation has overtaken our desire to do for the country and the common good. How can we make this energy change work? It appears the technology is in place.

Posted by: Timmy | Jul 9, 2008 9:50:25 AM

There are plenty of ways we can wean ourselves off the foreign oil. The only thing we seem to lack is a Congress with a backbone. As soon as they get into office, they begin raising money for the next election campaign. This kind of distracts them from the jobs at hand. Further, they don't want to deal with anything controversial, because that might cost them votes. The public speaks, but they're not always right. And, Timmy, over-regulation isn't always the culprit. In fact, the current housing mess is precisely because of under-regulation and lack of oversight. Vote them all out and let's start out on the right foot.

Posted by: Andy | Jul 9, 2008 11:03:05 AM

$600 billion spent in a waste of a country like Iraq. $600 billion could have built lots of windfarms, solar power plants and hydrogen refueling stations. But nobody cared about gas until it hit our pocketbooks. Good thing this war never hit our pocketbooks cause we might have spoke up more.

Posted by: RktMan | Jul 9, 2008 12:19:26 PM

Andy -- will do -- I have had it with these politicians stuck in their own worlds.

Posted by: Timmy | Jul 9, 2008 3:08:39 PM

Wind, solar - good. Natural Gas (NG) for cars - bad.
Requires a new infrastructure, and does not remove carbon dioxide emissions. May still need liquid NG imports!

Instead we need solar/thermal/wind renewable energy and plug in electric cars to totally remove CO2 emissions.

Using NG is TB Pickens still thinking like an oil man. Got to get away from all things hydrocarbon. Unless we get it from algae or cellulosic materials. Society needs to go farther than TBP wants to go.

Posted by: Nick Radonic | Jul 10, 2008 10:25:58 AM

Oh, and go farther - use renewable electricity to replace coal power generation.


Posted by: Nick Radonic | Jul 10, 2008 10:28:20 AM

Yes I agree that Pickens plan is a good one. I think instead of putting people at risk with nuclear plants, start using wind and sun (solar power).

Maybe Pickens should run for president. So far he has had the best ideas.

Posted by: Marie | Jul 11, 2008 9:12:20 AM

We'll be off oil in ten years as the idiot producers have beaten their golden goose to death. Thank You!! The earth can do without the CO2. Just dumped my Jeep for a 42 mpg Sentra and will dump it next year when the plug in Prius is out. Go Wind Go Solar!!

Posted by: john kirkman | Jul 17, 2008 12:47:28 AM

Any ideas that would get us off the roller coaster ride of oil, should be considered.
The problem is getting the fat cats in Washington (who aren't affected by the rising cost of fuel) to do something.
Pickens plan may not be the answer, but at least hes putting his money where his mouth is. Not just talking, or complaining about the problem.

Posted by: Dale Dunn | Jul 23, 2008 7:54:03 PM

A man with a plan, a good plan today is better than a perfect plan tomarrow!
To the drill here drill now guy.
You can buy a 160 watt solar system from costco for $913.00 .so this guy is blowing smoke, or smoking blow. We believe do everything we can as long as long as it is domestic. including drilling for more oil,we need to take advantage of every resource we have now.
spread the word

Posted by: lorren | Jul 24, 2008 1:10:00 PM

i'd invest if i had money in this man with no hesitation!! he's smart enough not to accept becoming a "politician"..____Humanitarianism First!!

Posted by: augusta | Sep 11, 2008 9:09:57 PM

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