Billionaire T. Boone Pickens has a proposition for America, and he’s looking for public support to back his Pickens Plan to decrease our dependency on foreign oil. The man wants American private industries to invest a trillion dollars in establishing wind turbines around the country to use for power generation in our homes and businesses. Oil currently used on power generation can then be used solely for transportation purposes.. fueling our cars, trucks, scooters, whatever. Pickens estimates that this plan could save the U.S. $300 billion that we annually spend on foreign oil, meaning the plan would pay for itself in about three and a half years, and says that, with the right leadership, we could expect this to successfully take off within a decade. The plan has merits – wind energy and a focus on using natural gas instead of oil to fuel our vehicles would significantly decrease the amount of carbon emissions in the air. But, it’s important to note that full carbon reduction potential isn’t Pickens’ goal… his main proposal is to decrease our dependency on foreign oil. His plan has been endorsed by Carl Pope, the executive director of the Sierra Club, who says that “to put it plainly, Pickens is out to save America.” Presidential candidate Barack Obama has also said he supports parts of Pickens’ plan. PIckens will need to garner enough political support for his plan to get passed in Congress before it becomes a reality. Check out his site or watch the video below and decide for yourself.
Man with a Plan October 24, 2008