at the Citizen Power Alliance 2010 Wind Conference
Legendary oilman Pickens promotes revamping U.S. power policy
|T. Boone Pickens has a plan to solve the country's $700 billion-a-year dependence on foreign oil.|
Replace gasoline with natural gas. Replace natural gas-fired power plants with wind, solar, nuclear and clean coal. Basically, replace foreign oil with domestic fuel without straining those resources."We've gotten ourselves in a trap," Mr. Pickens said last week in an interview in his Dallas office. "The problem is, we said, 'Send us the oil, and never mind the cost.' "
"Things were fine until the price went vertical on us," said Mr. Pickens, who calculates that, at $140 a barrel for crude, Americans spend $700 billion a year on 5 billion barrels of oil from foreign countries. That amounted to about 65 percent of total U.S. supply last year.
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posted by CITIZEN POWER ALLIANCE at 10:51 AM - permanent link
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