Tuesday, July 08, 2008 Oil Dependent: Blows in the Wind? POST A COMMENT 'Might take an 80-year-old to show this old hungry dog some new tricks -- 'solving our countries $700 billion-a-year dependency on foreign oil. T. Boone Pickens' plan suggests replacing gasoline use with natural gas...and eventually with wind... "Things were fine until the price went vertical on us," said Mr. Pickens. He calculates that, spending $140 a barrel for crude, adds up to $700 billion a year...all going into foreign pockets. The "hurdles to the Pickens plan...include building the infrastructure to dispense natural gas as a vehicle fuel, building new power plants to replace natural gas-fired plants, overcoming possible opposition from oil companies and politicians..." Funny, that Pickens himself has been investing in vehicular natural gas for years and now has plans to build a massive wind farm in the Panhandle. But he offers "that's not the reason for his campaign." "I'm 80 years old. I'm worth $4 billion. I don't need to make any more money," he said. Instead, he said, this is about patriotism and his reputation as a man who "sure puts his money where his mouth is." - and maybe a little bit to-do with money...but, at least it's one option on the table to a problem that wont be going away anytime soon. Source: Hispanic Business Labels: Business-101, capitalism, Culture, economy, emissions, environment, fuel economy posted by Henry Cruz at 1:30 PM 0 Comments: Post a Comment << Home     ARCHIVES October 2005 . November 2005 . December 2005 . August 2007 . September 2007 . October 2007 . November 2007 . December 2007 . March 2008 . April 2008 . May 2008 . June 2008 . July 2008 . August 2008 . September 2008 .