Thursday, July 31, 2008

More on the Pickens Plan

The Pickens Plan has been receiving a lot of attention lately. It basically wants to replace foreign oil imports with wind and natural gas. The wind will be used for electricity and natural gas for transportation.

Now Pickens is looking for help from the public to convince the U.S. Congress that they should implement an energy policy in line with his plan.

I'm not sure of his motivation here. It has been widely reported that he is involved in a $10 billion wind project. I doubt that one wind project is all since he has made his fortune in oil and at these prices could continue to do so. It is unusual that an individual from business would campaign so aggressively for a plan like this. Maybe things are changing...

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