Oil tycoon, T. Boone Pickens, is promoting a plan he has developed to reduce America's independence on foreign oil though the alternate use of natural gas and expanded harnessing of our greatest natural resource: wind, along with solar energy.
Check out the "Pickens Plan" for more details about how he proposes this can be done.
Pickens, who definitely understands oil and energy, has proven over the years that he fully understands the economics of supply and demand.
I remember listening to him a couple of years ago when he was interviewed on cable news station. In answer to a question, he held up one hand (palm down), indicating the level of supply and then held the other hand higher indicating demand. He stated that supply was limited, so demand would have to be reduced. In order for that to happen he suggested, the price of gas would eventually have to increase between $4 and $5 gallon before it would have a significant impact on public consumption habits.
Copyright 2008 by Lawrence Yerkes. All Rights Reserved.
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There is a Public Discussion Forum for Pickens Energy Plan : www.pickensenergyplan.com It would be great if you participate there.