The Pickens Plan
Nobody can accuse T. Boone Pickens of being some wild-eyed environmentalist. He calls himself "a Texas oil man," the chair of a private equity fund called BP Capital Management. He puts his net worth at $4 billion, and he’s often at the top of various lists of investment gurus. But he’s been all over the media — his name was the ninth-most-searched term on Google — because of this: http://www.pickensplan.com. He’s out to get America free of imported oil, he says, and he wants to do it with the things environmentalists dream about — wind turbines for electricity, which would free up natural gas to run cars and trucks. He’d throw in nuclear power too, but only in the long term. "I’ve been an oil man all my life, but this is one emergency we can’t drill our way out of," he says on the website. "But if we create a new renewable energy network, we can break our addiction to foreign oil. "On January 20, 2009, a new President gets sworn in. If we’re organized, we can convince Congress to make major changes towards cleaner, cheaper and domestic energy resources." He has some unlikely allies — for instance, Carl Pope, head of the Sierra Club. "I certainly never expected to be inspecting wind operations with Pickens or to be hearing his scorn for the current political notion that we can somehow drill our way out of the oil-price crisis," writes Pope on his blog. "He’s certainly likely to draw an audience that a green wind-power advocate from the Sierra Club could never command." Pickens gives a simple-looking chalk-talk in a video on the Pickens Plan website, but there’s nothing simple going on here. Pickens subscribes to the idea of "peak oil," the notion that our ability to find enough will dwindle. He says the peak passed in 2005. "What a dramatic wake-up moment when a Texas tycoon tells us we have to cut our addiction to oil," says Fred Krupp, the president of the Environmental Defense Fund. "It’s really time for America to act."
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The problem isn’t with whether or not to substitute for oil as an energy reource, but how to deal with the transition period. This transition cost issue is a lot more overwhelming than the switch from paper to electronic information format.
Posted by: ed | July 8, 2008, 5:55 pm 5:55 pm
The Website, as you might have guessed, is really slow, due to traffic?
I have seen and read a report though, of the content, and generally like the concept.
I have a lot of questions about clean coal though, but there is no question that we have to move from oil.
Posted by: Thinking | July 8, 2008, 6:05 pm 6:05 pm
Pickens is one smart cookie. He’s already invested heavily in sucking the Ogallala Aquifer dry.
Posted by: cturple | July 8, 2008, 6:22 pm 6:22 pm
At least the guy is throwing out some ideas instead of sitting around whining about it! Any politician out there with anything?????
Posted by: Mr. Drysdale | July 8, 2008, 6:37 pm 6:37 pm
Pickens is right. We can’t DRILL our way out of this problem.
Posted by: Betty | July 8, 2008, 6:41 pm 6:41 pm
Boy, what a reversal from what Mr. Pickens was talking about several weeks ago oh the Glenn Beck show on CNN. Wind turbines probably do sound good to a person of Mr Pickens means. I received a quote on a residential vertical wind turbine just last week, $8000.00 plus installation for a unit capable of producing 200 watts. This is even more ridiculous than the $80,000.00 for enough solar panels to totally cover the roof of my house, enough to cut 20% off of my $150.00 average electric bill.
DRILL HERE
DRILL NOW
Posted by: keller | July 8, 2008, 6:48 pm 6:48 pm
Just don’t put those things anywhere near the not-in-my-backyard Teddy Kennedy’s or his nephew RFK Jr.’s compounds in Cape Cod. Ruins their view.
*snort*
Posted by: Jo | July 8, 2008, 6:53 pm 6:53 pm
It’s refreshing to see a good ole’ oil boy invest 2 billion and his company resources into Texas windricity. It could be said that Mr. Pickens has sense enough to know which way the winds blow.
Posted by: kat | July 8, 2008, 7:15 pm 7:15 pm
Becoming independent from foreign oil and curing our national addiction to oil is a national security imperative!One of the most beautiful sites I’ve seen is acres of wind turbines in the valleys outside Palm Springs, California. Wind power, solar power, hydrogen cells – we have the technology NOW. Let’s get this done!!
Posted by: hopesprings52 | July 8, 2008, 7:33 pm 7:33 pm
I’m a Democrat, and the objections to Wind turbines doesn’t make any sense to me. I think they look quite elegant, actually.
Posted by: Nick B | July 8, 2008, 7:38 pm 7:38 pm
i am addicted to drugs but they cost so much so i will make them in my house even though they are bad for me and the environment. that is what you drill for oil people sound like. oil is old out of date tech and is bad for us and the world so why keep on feeding out addiction. because republicans are getting filthy rich off of your gas bill. and i dont do drugs just an example.
Posted by: tom | July 8, 2008, 7:42 pm 7:42 pm
even if we drilled in every county in every state in this nation the price will never go down. once these rich oil barons get a taste of making that much money they will never let it go. wake up people gas has been going up and up and up since we started useing it do you think we drill and gas maigically goes down to a buck a gallon. come on gas will never never go below $3 a gallon again.
Posted by: tom | July 8, 2008, 7:45 pm 7:45 pm
I find the turbines sleek and beautiful. Plus, I know that they are freeing us from our oil addiction. I find them to be a symbol of freedom and liberation.Developing wind, solar and hydrogen cell power is an elegant solution: it saves the environment, slows global warming, reduces our crushing energy costs, stops our dependence on dictators in unstable areas of the world and starts growing a new economy based on green jobs. It’s gonna happen because it’s the only way forward that makes sense.
Posted by: hopesprings52 | July 8, 2008, 7:50 pm 7:50 pm
Is this the same guy who bet $1 Mil that you could not find any falsehoods in the swiftboating of John Kerry and when faced with the evidence weaseled.
Posted by: Travler | July 8, 2008, 7:50 pm 7:50 pm
Pickens may be self-interested here, but he’s not pitching an idea with no possibility of working. Germany produces 30% of it’s electricity from renewable resources – including a lot of solar. Germany pays more of electricity put back into the grid by customers than they pay for it, making it cost effective. Gov’t subsidies may be less expensive than importing more oil.
Posted by: Mickey | July 8, 2008, 7:51 pm 7:51 pm
60% of all the electricity australia uses coems from wind. the wind is always blowing and it will never stop.
Posted by: tom | July 8, 2008, 8:00 pm 8:00 pm
I had to laugh at a recent Exxon-Mobil ad which showed how new satellite technology was being used to locate oil deposits?! We have the alternative energy tech we need — not that kind of tech that makes us more acutely addicted to oil and bankrupts average Americans at the expense of the oil fatcats. We have the technology. We can do it, all that it will take is the political will, and the commitment of Americans to see the change through and not be distracted by the greedheads who profit by our oil addiction.
Posted by: hopesprings52 | July 8, 2008, 8:03 pm 8:03 pm
the less we can drive the more it will help in the long run. we as a nation can vote with our tranportation choices. this can help bring down gas prices and move to alternative energy sources.
Posted by: glen | July 8, 2008, 10:19 pm 10:19 pm
HOME MADE HYDROGEN FROM A SIMPLE SET UP IS DOABLE WHY DON,T SOME PEOPLE ADMIT IT IS SO
Posted by: BOB MYERS | July 8, 2008, 11:37 pm 11:37 pm
Yep Bob, what you say is true. You also ignore the reality that it takes more energy (electricity) to split water into hydrogen and oxygen gasses than we can get back when we burn the hydrogen. Just a minor problem of line losses in the wires. Plus, where exactly is all of that electricity supposed to come from? We might reduce our demand for oil, but we would end up with a net loss of energy and more pollution and CO2 from the coal plants making the electricity than we would have gotten from the cars burning gasoline.
Posted by: B K | July 9, 2008, 1:28 am 1:28 am
Why can’t the USA put up large solar power farms in the southwest? Endless miles of desert are the ideal location for such large farms. And if certain areas of the country have so much wind, put up those wind mills! I keep hearing how windy areas of the midwest are, so why not put up those wind mills?
Gee, just shut up about complaining and start doing something now!
Posted by: GWP | July 9, 2008, 8:04 am 8:04 am
GWP, exactly. We hear nothing but rhetoric from not only politicians, but from the American people as well. We always say we need to do this, or we need to do that. But when it gets down to it, we don’t. Why? Because it’s easier to keep doing what we’re doing. We don’t like change, because it’s hard. I’m even guilty of that. I have a huge problem with one man, a Congressman telling a company that they can’t build a windfarm, offshore, where it will have minimal impact on people, and disturb very little marine life, just because it “might” ruin his view of water. If I remember correctly, these farms would have been miles off shore. So the likelyhood of him even being able to see them is slim. Everyone has to make sacrifices. I’m doing it. But I guess if you have the funds, you don’t have to do it as much. I say go over his head, get backing and the permits to build the farms. Couple that with Solar, and Nuclear, we’d be using very little biomass to power our society. Then switch all cars to run on electricity or fuel cells, and we won’t need oil anymore. But thats nothing but a dream right now. Too many politicians afraid of losing votes. And that, my friends, is the real problem.
Posted by: Lawrence | July 9, 2008, 8:47 am 8:47 am
Lawrence, you’ve hit the nail on the head – in a sense. Everyone should find out who their congressmen and senators are, send them emails (they all have a site), and ask them why they aren’t putting forth plans to rid us of the oil monkey. Then, back that up by voting them out in November, if they don’t comply. This is an election year, the perfect opportunity for a sea change, but Americans have to get off their butts and vote!
Posted by: Chuck | July 9, 2008, 8:57 am 8:57 am
The Pickens Plan is simple and effective: a recipe for a complete shutdown by our elected officials. I am concerned that Americans and our system may have become incapable of pulling together for a technological change of this magnitude as has been done with other past national projects. Personal gain, a feeling of helplessness and over regulation has overtaken our desire to do for the country and the common good. How can we make this energy change work? It appears the technology is in place.
Posted by: Timmy | July 9, 2008, 9:50 am 9:50 am
There are plenty of ways we can wean ourselves off the foreign oil. The only thing we seem to lack is a Congress with a backbone. As soon as they get into office, they begin raising money for the next election campaign. This kind of distracts them from the jobs at hand. Further, they don’t want to deal with anything controversial, because that might cost them votes. The public speaks, but they’re not always right. And, Timmy, over-regulation isn’t always the culprit. In fact, the current housing mess is precisely because of under-regulation and lack of oversight. Vote them all out and let’s start out on the right foot.
Posted by: Andy | July 9, 2008, 11:03 am 11:03 am
$600 billion spent in a waste of a country like Iraq. $600 billion could have built lots of windfarms, solar power plants and hydrogen refueling stations. But nobody cared about gas until it hit our pocketbooks. Good thing this war never hit our pocketbooks cause we might have spoke up more.
Posted by: RktMan | July 9, 2008, 12:19 pm 12:19 pm
Andy — will do — I have had it with these politicians stuck in their own worlds.
Posted by: Timmy | July 9, 2008, 3:08 pm 3:08 pm
Wind, solar – good. Natural Gas (NG) for cars – bad.
Requires a new infrastructure, and does not remove carbon dioxide emissions. May still need liquid NG imports!
Instead we need solar/thermal/wind renewable energy and plug in electric cars to totally remove CO2 emissions.
Using NG is TB Pickens still thinking like an oil man. Got to get away from all things hydrocarbon. Unless we get it from algae or cellulosic materials. Society needs to go farther than TBP wants to go.
Posted by: Nick Radonic | July 10, 2008, 10:25 am 10:25 am
Oh, and go farther – use renewable electricity to replace coal power generation.
Posted by: Nick Radonic | July 10, 2008, 10:28 am 10:28 am
Yes I agree that Pickens plan is a good one. I think instead of putting people at risk with nuclear plants, start using wind and sun (solar power).
Maybe Pickens should run for president. So far he has had the best ideas.
Posted by: Marie | July 11, 2008, 9:12 am 9:12 am
We’ll be off oil in ten years as the idiot producers have beaten their golden goose to death. Thank You!! The earth can do without the CO2. Just dumped my Jeep for a 42 mpg Sentra and will dump it next year when the plug in Prius is out. Go Wind Go Solar!!
Posted by: john kirkman | July 17, 2008, 12:47 am 12:47 am
Any ideas that would get us off the roller coaster ride of oil, should be considered.
The problem is getting the fat cats in Washington (who aren’t affected by the rising cost of fuel) to do something.
Pickens plan may not be the answer, but at least hes putting his money where his mouth is. Not just talking, or complaining about the problem.
Posted by: Dale Dunn | July 23, 2008, 7:54 pm 7:54 pm
A man with a plan, a good plan today is better than a perfect plan tomarrow!
To the drill here drill now guy.
You can buy a 160 watt solar system from costco for $913.00 .so this guy is blowing smoke, or smoking blow. We believe do everything we can as long as long as it is domestic. including drilling for more oil,we need to take advantage of every resource we have now.
spread the word
Posted by: lorren | July 24, 2008, 1:10 pm 1:10 pm
i’d invest if i had money in this man with no hesitation!! he’s smart enough not to accept becoming a “politician”..____Humanitarianism First!!
Posted by: augusta | September 11, 2008, 9:09 pm 9:09 pm
It is good to see that people are willing to abandon their long set ways (especially in the case of Pickens) and look for new solutions to previously ignored problems. I generally think that the only way to find a solution to a long term issue like this is to find up and comers that are not set in one position.
Posted by: Dan@Affordable Stock | February 2, 2011, 2:43 pm 2:43 pm