If a sucessful Pickens Plans means that Boone makes another 1000 life times of cash and that we do not have to depend so much on OPEC and other foriegn countries, I am all for it.
If someone is willing to invest private money into a plan like this, he deserves the rewards if it works...
With that being said, I don't know much about the plan and have no clue if it will work or not. BUT, I would rather see a private company invest money in a technology to test than this being regulated by a politically corrupt government with tax payers money...
That is capitalism...and America...at it's finest!
Here is the plan:
http://www.pickensplan.com/theplan/and a good article on why it won't be sucessful:
http://www.chron.com/disp/story.mpl/front/5882292.htmlI don't care if he makes trillions if we can do something, but I think his plan is a little more self serving than it is for the good of us. The wind mills that he wants to build will only provide 22% of the energy that we use. My problem with the natural gas to fuel cars is this, how expensive will a car then become and how are those that already struggle to make going to be able to afford another payment?
I think we need something comprehensive that includes, drilling and exploration of our own oil and natural gas, nuclear, nuclear more nuclear, and wind/solar.
If we were to lift the ban on nuke power we would get miles ahead. It is safe. The spent fuel rods? Well, American scientist have gone to France and helped them figure out a way to reuse the spent fuel, so they only have a 3% waste. If the damn French can become the worlds largest exporter of electricity, with the help of our scientist then I know that we can. It is also cheap power and provides a lot good paying jobs. Hell, convert all our rail systems from the nuke power to electric. Creates more jobs converting our rail system, building electric trains, and we could do most of our shipping over the rail system and get a lot of big trucks off the road. Saves fuel and road wear. Could even travel on trains then, electric trains are a hell of a lot faster than anything we have besides planes. Instead taking a 45 minute flight from H'ville to Atl, I could travel to Atl on train and be there in an hour and a half for a cheaper price than a plane ticket.
I think we need something that does recognize the need for alternatives, but also realizes that we can't just turn the spouts off and get off of petroleum for several more years.