Wednesday, August 20, 2008

T Boone Pickenspeak:

The second main speaker at the Clean Energy Summit was T Boone Pickens who has been putting all those TV ads together, spending HIS OWN MONEY on it to educate the American Public on how we are transferring our wealth to the Middle East for their oil. He has a plan and he has already started investing the money to make the plan work.

In contrast to Clinton his down-home-folksy speaking style suited him and his use of a marker board only enhanced his simple approach to solving our "energy crisis". Even when he would stumble over his words, like Clinton did, he would recover with a simple ease that endeared himself to the people of the opposite party he was speaking to. It was hard NOT to like him.

As to his message. His main argument is that we are transferring $700 billion every year for oil and we can cut that by 38% in the next 5 years. The way to do this is to change all our vehicles from oil based gasoline to natural gas. ALL of our natural gas is produced in the US and it is cleaner and more efficient than gasoline. He says to start with the truck fleets in the nation which upgrade their semi's, on average, every 2 1/2 years, so by 5 years all semi's on the road should be natural gas. All new cars should start soon after. This would bridge the gap between battery powered vehicles which are, realistically, 10 years away from mass appeal. It is a simple conversion to make engines that run on gas to ones that run on natural gas. This is the biggest step. He called on Senator Reid for the tax incentives to make it happen but he believes the market will pay for the rest.

The rest of the oil that is used for power generation (after the 38% used for vehicles) will be locally produced and not Middle East produced but also will be reduced with wind and solar every year to make up for taking Natural Gas out of the electricity generating process.

What impressed me, contrary to Clinton, was that he came carrying a check. He has spent millions already on this project and is intending to spend hundreds of millions if that is what it takes. Money spoke pretty loudly. I wish he was a Nevada Oil Man and not a Texas Oil Man.

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