Pickens Plan Continues to Take a Beating
When you've got a spry, eighty-year-old billionaire using all available resources to singlehandedly change the way the entire US uses energy, you've definitely got a situation worth keeping tabs on. Unfortunately, it seems that there's very little good news to report when it comes to the Pickens Plan. Sure, his ginormous wind farm in Texas is proceeding with caution, but some are wondering how the broader movement will weather the hurricane of bad economic news.In Pickens' own words "the wind stuff is deader than hell right now." The infamous credit crunch has put some of the most prominent wind projects -- including Pickens' -- in a financial pinch. Certainly, throwing up a smattering of shiny new windfarms across the country doesn't look as feasible as it did at the start of Pickens' movement.
That has caused Pickens to focus on the natural gas side of the plan, which many supporters would just assume drop altogether. After Californians voted down a $5B ballot measure to promote natural gas vehicles in their state, Pickens tried to convince the shipping industry to switch to natural gas. He even tried to get Congress to mandate that all new fleet vehicles must run on natural gas. No Dice.
Now, it seems that Pickens will have to find yet another way to put his plan into action. What I'd like to see, and what I'm guessing that most American's would like to see, is for him to focus all of his efforts on getting renewable energy projects going again -- instead of doing so much arm-twisting to promote natural gas as a transportation fuel.
[via Earth2Tech]














