July 10, 2008 Questions for T. Boone PickensPosted: 12:00 PM ET
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. 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. 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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