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Reply #11: Fine. Let's quote Forbes' Andrew Schenkel: [View All]

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joshcryer Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-23-10 07:00 PM
Response to Reply #7
11. Fine. Let's quote Forbes' Andrew Schenkel:
Oilman T. Boone Pickens was a great voice for wind energy. Now he’s backing off and touting natural gas as the answer to America’s energy challenges.

The Pickens Plan, which was unveiled back in 2008 with a barrage of advertisements, interviews and events, was a plan to wean America off Middle Eastern energy sources and onto domestic sources like wind. Pickens talked about building the world’s largest wind farm in the Texas Panhandle, a 500-megawatt facility that was to be based in the town of Pampa, Texas. Now, citing delays in transmission line construction, Pickens has changed the plan.

Pickens is now setting his sights on a possible giant wind project — but not in the United States. He’s looking north of the border, in Canada, where renewable energy standards make wind a more attractive investment. He still has an energy plan within the United States, where he has jumped on the natural gas bandwagon. Not only is he on the bandwagon, he partially owns the bandwagon. More on that in a moment.

The new Pickens Plan calls for Congress to pass legislation that will incentivize the conversion of 18-wheel trucks to compressed natural gas (CNG). This conversion, according to a report on msnbc.com, would “cut in half the amount of oil imported to United States,” if just 8 million tractor-trailers in the U.S. switched to CNG.

http://blogs.forbes.com/eco-nomics/2010/12/17/t-boone-pickens-plans-giant-wind-project-in-canada/?boxes=Homepagechannels

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