the single largest transfer of wealth in human history
T. BOONE PICKENS: My Plan to Escape the Grip of Foreign Oil
Excerpt:
How will we do it? We'll start with wind power. Wind is 100% domestic, it is 100% renewable and it is 100% clean. Did you know that the midsection of this country, that stretch of land that starts in West Texas and reaches all the way up to the border with Canada, is called the "Saudi Arabia of the Wind"? It gets that name because we have the greatest wind reserves in the world. In 2008, the Department of Energy issued a study that stated that the U.S. has the capacity to generate 20% of its electricity supply from wind by 2030. I think we can do this or even more, but we must do it quicker.
My plan calls for taking the energy generated by wind and using it to replace a significant percentage of the natural gas that is now being used to fuel our power plants. Today, natural gas accounts for about 22% of our electricity generation in the U.S. We can use new wind capacity to free up the natural gas for use as a transportation fuel. That would displace more than one-third of our foreign oil imports. Natural gas is the only domestic energy of size that can be used to replace oil used for transportation, and it is abundant in the U.S. It is cheap and it is clean. With eight million natural-gas-powered vehicles on the road world-wide, the technology already exists to rapidly build out fleets of trucks, buses and even cars using natural gas as a fuel. Of these eight million vehicles, the U.S. has a paltry 150,000 right now. We can and should do so much more to build our fleet of natural-gas-powered vehicles.
Comment: Straight talk from an oilman!
Not totally straight talk. It's from an oilman campaigning for subsidies for wind power.
ReplyDeleteI still don't believe the left that more drilling is worthless. Many reasonable people say there is enough oil in America (the Dakotas, Kansas, Alaska, Gulf Coast, etc.) to last hundreds of years, not 3 or some such ridiculously low number that is touted by the left..........
ReplyDeleteOk, this one might be a bit nutty and "conspiratorial," but I'm wondering if anyone else has heard this. Have you ever heard that the oil industry itself is a major funder of the environmental movement? They knew they could promise themselves better prices by keeping supply artifically low.