Pickens introduces "The Plan" to kick the US oil habit
Forget the Department of Energy's 2030 plan. Billionaire oilman T. Boone Pickens says that we can accomplish 20% wind power in a matter of 10 years. It's a good thing too, because according to him, the US is on a collision course with financial ruin. The "Pickens Plan" is the tycoon's blueprint for saving the US from its addiction to foreign oil. According to Pickens, the US is "the Saudi Arabia of wind power," and we need to aggressively focus US energy production on our vast wind and natural gas resources in order to transition into a more sustainable energy mix.
Video after the jump.
According to Pickens, Americans are paying $700B a year for foreign oil. If this continues for 10 years, it will be the greatest transfer of wealth in human history. If you have any doubt about the amount of wealth shifting overseas, check out this indoor ski resort in Dubai.
His proposal includes stepping up wind power capacity to over 20% by the end of 2018. Thus, freeing up our natural gas supplies to be used as an alternative to gasoline and diesel fuel. This way, not only will energy be cleaner, but the money will also be spent domestically.
By switching to natural gas as a driving fuel, Pickens estimates that we can keep $300B per year in the US economy. Consequently, natural gas releases 30% fewer emissions than regular gas -- so there's a strong environmental argument built in. With his new website and media blitz, it seems that Mr. Pickens is determined to influence this year's elections, and even more so, the energy policy of the incoming President.














