July 10, 2008
Oil Billionaire Pushes Wind Power
Texas oil billionaire T. Boone Pickens announced yesterday that he intends to spend $58 million of his own money on a multimedia advertising campaign promoting alternative energy as a way of reducing United States imports of foreign oil by at least a third over the next ten years. The "Pickens Plan" will include a significant online presence, including Facebook and YouTube, as well as more traditional radio, television and newspaper advertisements. Here's the video from the Plan home page:
As reported by CNN Pickens believes that:
Our dependence on imported oil is killing our economy. It is the single biggest problem facing America today. Wind power is … clean, it's renewable. It's everything you want. And it's a stable supply of energy. It's unbelievable that we have not done more with wind.
Pickens is investing in a whole lot more than just an advertisising campaign too. He thinks that wind turbines built in the "wind corridor" stretching from the Canadian border to West Texas, could supply over 20 percent or more of the United States energy needs. Putting his money where his mouth is, Pickens' company Mesa Power recently announced a $2 billion investment as the first step in a multibillion-dollar plan to build the world's largest wind farm in Pampa, Texas.
Power from such farms would free up natural gas used in conventional power stations which could then be used to power motor vehicles. According to Pickens:
Using natural gas for transportation needs could replace one-third of the United States' imported oil and would save more than $230 billion a year. We are going to have to do something different in America, you can't keep paying out $600 billion a year for oil.
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