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Oil magnate pours money into renewable energy

  2. rwylie
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Big time oil boss T. Boone Pickens, has unveiled the 'Pickens Plan', which purpotes to be able to "decrease the United States' dependency on foreign oil ... and help shift American energy production toward renewable natural resources."

The plan calls for funding of domestic wind farms, as well as using natural gas for fuel, rather than oil. According to Pickens, "[The United States'] dependence on oil is killing our economy." Leave it to a man who made Billions through oil to worry about what it is doing to America's economy, his own is doing pretty well!

The fact that his concern's are about Americas economy, rather than the World's biosphere, unfortunately reinforces the 'no to Kyoto' stereotype.
rwylie

20 responses // Oil magnate pours money into renewable energy

  • KYOTO IS UNNECESSARY.

    American technology is going to win out in the end. The technology that is going to make these win mill profitable is Super Conductivity.

    Since we all have computers, google "Super Conductivity", and while you are at it. Google "American Super Conductor" this company is make alot of things possible. For instance, lighter motors for cruise ships, battle ships super efficient generators for wind mills, and magnets for MRIs.

    Of course, we are going to still need to drill for oil on the coast of Florida, California, and the North Shore of Alaska. I'd love to drill for oil of the shore of the Kennedy compound. Also we are going to need more nuclear generating power plants.

    I know Bush made mistakes on immigration, social security, and Iraq before the surge. The surge in Iraq, and not signing on to Kyoto was genious.

    If he had signed on to Kyoto, Americans would have been paying for Carbon Credits. It's to bad he did not start drilling for oil every where possible in 2000. If he would have we wouldn't be paying $4.00 for gas, but he not perfect.

    The Green Nazis plan was Bio-fuel. BIOFUEL LOCALLY AND STARVE GLOBALLY
    mo1y
    2 responses to this
  • Mr. Pickens is finally seeing the big picture. Now whose next to step to the plate?
    MrBigShot21
  • If oil magnates are investing in alternative fuel, they know it will be the next money maker.
    shroomfairy
    1 response to this
  • exactly, the fact he's doing it for the economy shows that quite clearly. Can't be bad for the old biosphere either though...
    rwylie
  • http://www.pickensplan.com/
    This guy has has started airing campaign style commercials driving people to his site. It would be nice if his motivation was more environmental but the good thing is it makes sense for both economic and environmental reasons.
    jay_ct
  • pickens seems genuinely sincere and it looks like he wants this pickens plan to work out. 300 billion dollars in savings can really help Old Glory out.
    Dut
    • Dut
    • 2 months ago
  • Well, with all the patents big oil has bought or stolen (sometimes even killing the patent owners to that effect) with regard to alternative technologies over the past fifty years, it has plenty to go on to build ways to tap alternative, clean, and renewable energy.
    Vierotchka
  • I live in Texas and I've seen the adds he's running. It looks like he's running for office
    ivxx
  • it amazes me that people have the audacity to wonder out loud why gas is $5/gallon when we're six years into a war in the MIDDLE EAST!

    when are people gonna wake up?!
    musics
  • http://www.businessweek.com/magazine/content/08_25/b408...
    Don't be fooled by this guy. Maybe he cares about renewable energy, but I guarantee you it's because he's selling the energy. At heart, the guy is an energy magnate- not oil, not wind or water- Energy. And he's going to sell it to the highest bidder.

    Which is exactly why he's buying up all the water rights in the Texas Panhandle and taking people's land so that he can build a pipeline from his ranch to Dallas. The guy sees the big picture and he's going to reap the windfall when the resources start drying up.

    This article that recently appeared in Business Weekly is a real eye opener. Watch Pickens, and when you see what he does, ask: "How is he going to profit?"
    baylorlebowski
  • Hooray for expensive PR tactics.
    CarlosIsDown
  • http://www.youtube.com/watch?v=R2bOug1d20c
    Here's his TV commercial
    ivxx
  • I knew it would take an individual to start something like this. Big, corporate America can't move this fast cause it's like an elephant with too much weight to act. The government couldn't do it because it isn't this smart. Yeah, Pickens will profit, but at least he lives in the good ole USA and will hopefully pay taxes.
    resolute
  • I think he's been called the tycoon of Alternate energy by the New York Times.
    current89
  • Pickens is step 1,

    Step 2: Solar panels on every house = EXPENSIVE however, it also equals INVESTMENT!! they never run out, so it can be assumed that whatever is invested in SOLAR is a dollar that is distributed over 10 years, at least. We need to start by putting them on government and corporate buildings especially in city areas. The funny thing is an investment of 700 Billion dollars in solar power could fix the problem almost immediately. It couldn't take more than a year to install $700b worth of panels on buildings.

    Wind power, plus solar power, plus electric plug ins with hybrids as a second car in the household for long trips.

    You think drilling for an extra 5 million barrels will lower gas prices, what about lowering global demand by 20%? (80% of US consumption or, according to his video, about 18 millinon barrels)

    People aren't thinking big enough.

    If we pull out of iraq, and spent what we spend on oil on infrastructure, thats almost $1 TRILLION.

    Thats real cash, people, and yes, it's likely to be enough to build enough solar panels (even at their current efficiency) to pull us off of oil AND gas completely.

    The best part about these figures??? $1 trillion is ONLY 1/14 of US GDP!!! Can you Imagine the potential we have to solve problems in this nation!?!?
    CreditFigaro
  • CreditFigaro-you should be running our government or a mega corporation. Liked your suggestion and I will send it to my elected officials. Maybe if we all sent your suggestion in once a week to all our government leaders, they would get the message.
    resolute
    1 response to this

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