Have you heard? Oilman T Boone Pickens is not only committed to planting the world’s largest wind farm in the fertile soil of Texas. He is not only committed to working to stringing a meaningful electrical grid to move electricity from that wind farm to lush markets for harvesting serious profits. T Boone has a plan to save America (while making a bundle) and has committed some serious dough to convincing Americans that his plan is the path to a better future. T Boone restates forcefully what George W Bush said in the 2006 State of the Union address about America’s oil addiction. According to T Boone,
America is addicted to foreign oil.
It’s an addiction that threatens our economy, our environment and our national security. It touches every part of our daily lives and ties our hands as a nation and a people.
The addiction has worsened for decades and now it’s reached a point of crisis.
Here is one of the nation’s leading oil men, a fossil fuel fortune-maker, laying out quite clearly that America’s oil habit is centerpiece of risk for the nation in the years ahead. Is the addiction’s solution to be found in Newt’s Drill Here! Drill Now! Pay Less (a decade from now … maybe)? Not according to T Boone:
Can’t we just produce more oil?
World oil production peaked in 2005. Despite growing demand and an unprecedented increase in prices, oil production has fallen over the last three years. Oil is getting more expensive to produce, harder to find and there just isn’t enough of it to keep up with demand.
The simple truth is that cheap and easy oil is gone.
Maybe Newt and the Republicans should be listening to people who actually know at least something about energy?
Let us be absolutely clear: Legendary conservative oilman T. Boone Pickens says oil is a dead end!
Oil is dead, T Boone tells us (the US), what should we do?
T Boone Pickens isn’t stopping with defining a problem, he is outlining (forcefully) a proposed solution path. ThePickensPlan is a concept for reducing America’s dependence on foreign oil, to carve into the $700 billion+ per year heading out of the United States to ensure top-offed McSUVs. As T Boone expresses it, “the largest transfer of wealth in human history.” The PickensPlan has a mixture of extremely good and important elements, and concepts that simply don’t comport with energy reality. Let’s take a brief look at some of this.