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Old 07-22-2008, 04:45 PM   #8 (permalink)
Canyonaro
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Join Date: Aug 2005
Location: SKI Utah
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Re: Pickens sees $300 oil; Chavez in Russia for arms/energy deals

Quote:
Originally Posted by PAULSTS1 View Post
T. Boone Pickens is an Industrialist, his MO is to design and implement new industries. He's credible and if you listen and act on his ideas, it will make you money as well. I saw his proposal weeks ago, and agree...We must obtain alternatives to oil.
Agreed, I think that his CNG idea is not feesable, it just shifts to another product. Last thing I need is my ng prices in the winter to triple (it just went up this last month where I live by about 15%). But I do agree with his wind generation. Have an American company like GE to make the generators and that will take care of most of the electricity, thus displacing the coal/oil/ng power plants. Now if you have most of your energy supplied by renewable power on the grid and you start getting the electric cars out, then we will be in pretty good shape for just using domestic oil. This all takes time, but we have to start somewhere.
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