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July 10, 2008

Questions for T. Boone Pickens

Posted: 12:00 PM ET

T. Boone Pickens talks energy on CNN in May

T. Boone Pickens talks energy on CNN in May

T. Boone Pickens, the legendary oilman, tilted at windmills the other day. With an extensive media campaign that looked a lot like he was running for office, he rolled out an ambitious scenario in which U.S. energy policy is turned on its head. His proposal: replace the 20% of our electricity supply that comes from natural gas with wind power - abundant and there for the taking from the Canadian border to the Mexican border through the middle of the country. The natural gas that's freed up would then replace oil as a major source to power our transportation fleet, according to the Pickens plan.

Pickens has an astounding track record at anticipating U.S. energy demand - including a prescient warning a few years back that oil was going to be mighty costly about now. Like the old E.F. Hutton ads, when he talks, investors listen. And if he says wind is in, investors will line up.

I'd love to hear your thoughts on his plan.
To start off, here's my own two cents (bear in mind that I could be out buying one-third of an ounce of gasoline with those two cents):

1. Pickens is neither an altruist nor a treehugger trapped in the body of an oilman. He sees money in this, and has been perfectly transparent about that.
2. It's a plan - at least a partial one - which is pretty much more than we've got now.
3. It may be a plan from a shrewd, battle-tested business tycoon, but it's probably not as easy as it seems. Wind energy gives out when the wind stops blowing, and there's no existing technology to store it in large quantity. Wind-dependent power plants would need a robust backup system. We'd also need a much better electric transmission infrastructure than we have right now, in order to move the wind power from the Great Plains, where it's available, to the population centers, where it's needed.
4. Wind as a main power source would have an uneven impact in replacing natural gas. About half of California's electricity comes from natural gas. In Ohio, it's about 2%.

Your turn - blog away: Is T. Boone Pickens a genius, or is he just spittin' in the wind?

Peter Dykstra Executive Producer CNN Science, Tech & Weather

Filed under: Cars • climate change • economy • environment • Fuel • Gas • Gasoline • Politics


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