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T. Boone Pickens Launches Pickes Plan - to Shift the US Energy Policies
If you want to support alternative fuels and energy, consider T. Boone Pickens' PushPickensPlan...he's taking it to the Internet, Airwaves and Washington.
In 1970, we imported 24% of our oil.
As imports grow and world prices rise, the amount of money we send to foreign nations every year is soaring. At current oil prices, we will send $700 billion dollars out of the country this year alone — that's four times the annual cost of the Iraq war.
Projected over the next 10 years the cost will be $10 trillion — it will be the greatest transfer of wealth in the history of mankind.
The US use accounts for 25% of the world's oil demand. Used by just 4% of the world's population.
...and other countries are building resentment about that consumption pattern. And so are a lot of Americans.
Today it's nearly 70% and growing.
Alternatives Include Wind Power
A 2005 Stanford University study found that there is enough wind power worldwide to satisfy global demand 7 times over — even if only 20% of wind power could be captured.
The Department of Energy reports that 20% of America's electricity can come from wind. North Dakota alone has the potential to provide power for more than a quarter of the country.
Studies from around the world show that the Great Plains states are home to the greatest wind energy potential in the world — by far.
An Economic Revival for Rural America
Developing wind power is an investment in rural America. In addition to creating new construction and maintenance jobs, thousands of Americans will be employed to manufacture the turbines and blades. These are high skill jobs that pay on a scale comparable to aerospace jobs. Plus, wind turbines don't interfere with farming and grazing, so they don't threaten food production or existing local economies.
T. Boone Pickens will bring his Pickens Plan directly to the House Democratic Caucus on July 22, 2008. His goal is to affect the energy strategy for the United States with his "PickensPlan" promotion of wind and natural gas.
“While Democrats support drilling in leased areas, his message that we can’t drill our way to energy independence and that we must invest in renewable energy sources dovetails with our vision for energy independence," Pelosi spokesman Brendan Daly said.
Natural Gas A cheap new replacement for foreign oil.
Natural gas and bio-fuels are the only domestic energy sources used for transportation. According to the California Energy Commission, critical greenhouse gas emissions from natural gas are 23% lower than diesel and 30% lower than gasoline.
Natural gas is the cleanest transportation fuel available today.
The Honda Civic GX Natural Gas Vehicle is the cleanest internal-combustion vehicle in the world according to the EPA. Hybrid electric and hydrogen vehicles are also cleaner, competitive vehicles.
According to NGVAmerica, there are more than 7 million NGVs in use worldwide, but only 150,000 of those are in the United States.
Natural gas is significantly less expensive than gasoline or diesel. In places like Utah and Oklahoma, prices are less than $1 a gallon.
Natural gas is our country's second largest energy resource and a vital component of our energy supply. 98% of the natural gas used in the United States is from North America. But 70% of our oil is purchased from foreign nations.
Shifting Natural Gas from Electricity Generation to Fuel
We currently use natural gas to produce 22% of our electricity. Harnessing the power of wind to generate electricity will give us the flexibility to shift natural gas away from electricity generation and put it to use as a transportation fuel — reducing our dependence on foreign oil by more than one-third.
The Pickens Plan
The Pickens Plan is a bridge to the future — a blueprint to reduce foreign oil dependence by harnessing domestic energy alternatives, and buy us time to develop even greater new technologies.
Building new wind generation facilities and better utilizing our natural gas resources can replace more than one-third of our foreign oil imports in 10 years. But it will take leadership.
T. Boone Pickens' Plan
If you want to learn more about Pickens' "army" that is focusing on his Pickens Plan, go to http://push.pickensplan.com/
T. Boone Pickens and his commercial efforts are organizing to impact the energy plan for the United States through his companies, leadership positions and investment in natural resources.
T. Boone Pickens is founder and chairman, BP Capital Management, and principally responsible for the formulation of the energy futures investment strategy of the BP Capital Commodity Fund and the BP Capital Equity Fund. With more than $4 billion under management, BP Capital manages one of the nation’s most successful energy-oriented investment funds.
Pickens frequently utilizes his wealth of experience in the oil and gas industry in the evaluation of potential equity investments and energy sector themes. He has not been shy in predicting oil and gas prices and — more often than not — has been accurate.
Pickens is also aggressively pursuing a wide range of other business interests, from water marketing and ranch development initiatives to Clean Energy, a company he founded and is the largest shareholder. Through Mesa Water, Pickens is the largest private holder of permitted groundwater rights in the United States. Clean Energy is advancing the use of natural gas as a cleaner-burning and more cost-effective transportation fuel alternative to gasoline and diesel.
Boone graduated as a geologist from Oklahoma State University in 1951 and started work with Phillips Petroleum Co. in Bartlesville, Oklahoma.
From its inception, Mesa was at the forefront of change and innovation. Mesa's fitness program is a good example. Boone has long understood the benefits of physical fitness. Mesa's fitness program has become a model for corporate America, and Mesa was the first company to be accredited by the Institute for Aerobics Research.
Throughout his professional life, Pickens has been a generous philanthropist, giving away almost one half of a billion dollars. In 2006, he contributed $175 million to a wide range of causes and the formation of the T. Boone Pickens Foundation.
Pickens lives in Dallas and is married to Madeleine Ann Pickens. He has five children and 12 grandchildren.
If you want to learn more about Pickens' "army" that is focusing on his Pickens Plan, go to push.pickensplan.com/ and pickensplan.com/
Edited by Carolyn Allen, owner/editor of California Green Solutions