Mesa Power Founder Unveils "Pickens Plan"

NAW Staff, Wednesday 09 July 2008 - 10:32:23

Mesa Power founder Boone Pickens has launched a bipartisan public policy campaign on energy designed to address the country's dependence on foreign oil.

Pickens says that he will fund an aggressive multimedia advertising and Internet education campaign designed to focus attention on this issue and to advance an energy plan of his own - dubbed "The Pickens Plan." If adopted, the plan would reduce foreign oil dependency by more than one-third, according Pickens.

The plan calls for investing in power generation from domestic renewable resources and using supplies of natural gas as a transportation fuel - replacing more than one-third of our imported oil and saving more than $230 billion a year.

The plan includes the following strategies:

- private industry will fund the installation of thousands of wind turbines in the wind belt, generating enough power to provide 20% or more of the electricity supply,

- again funded by the private sector, electric power transmission lines will be built, connecting these wind power generating sites with power plants providing energy to the population centers in the Midwest, South and Western regions of the country, and

- natural gas that was historically utilized to fuel power plants will be redirected and used to replace imported gasoline and diesel as a fuel for thousands of vehicles in the transportation system.

SOURCE: T. Boone Pickens



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