Pickens Plan - Replacing Gas With Wind
T. Boone Pickens is most known for his early career as a takeover operator in the 1980’s. Pickens founded a company called Mesa Petroleum, which he successfully leveraged to acquire many other undervalued oil companies. Pickens became so popular for his bids to take over such well established companies as Gulf Oil and Unocal that he considered running for president in the 1988 elections.
On July 8, 2008, Pickens proposed a policy that would shift roughly 22% of the nation’s electrify production from gas to wind. The goal is to reduce the nation’s dependence on foreign oil, by shifting the natural gas used to produce electricity to fuel for transportation. Pickens predicts natural gas could reduce foreign oil imports by 38%, with a calculated savings of about $300 billion annually. The plan is illustrated below by Pickens himself.
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So how do we accomplish this? In order to pursue wind energy as a realistic replacement to gas for 22% of our power supply we need support from the general public to help leverage the massive wind corridor that stretches from north to south across the entire mid-section of our country, mapped below.
The proposed plan won’t work by just building several massive wind farms. All available land within the wind corridor needs to be used. Pickens believes people will be eager to sacrifice their their land to wind turbines because of the income they’ll be able to generate from it. This will most likely be the biggest challenge to the plan’s success.
What’s interesting and refreshing about this plan is that the person behind it is someone who has been incredibly successful at making profitable business out of traditional energy development. It is rare to have someone with that kind of success focus their experience and talents on renewable energy.
118 Comments, Comment or Ping
Ben
It sounds like Pickens is using the same strategy that early oil drillers used - renting out land from private properties to drill oil from. Same model, new resource. The difference is, this one never runs out!
Aug 2nd, 2008
Ted
Two of the complaints I here most often about wind energy are that it’s too expensive and that turbines kill birds. The former is rapidly being disproved and the latter has also been alleviated with more conscience design around migratory paths. One of the coolest new ways to support the expansion of the renewable energy infrastructure is renewable energy credits. Check out Powered Green for a very cool new REC product and an article about wind turbines’ effects on birds.
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