Monday, August 4, 2008

T. Boone Pickens and the Energy Crisis

Oilman T. Boone Pickens was (is) on Larry King Live as I am writing this.
As I said in my previous post, we obviously need answers to the "Energy Crisis" in the United States.
While we're discussing this, hand Sen. Barack Obama another pair of flip flops. He has changed his mind on offshore drilling. If you didn't watch any of the coverage of his speech in Lansing, Mich., he's using the energy crisis to ensure that part of the Rust Belt that automobile manufacturing will come back in the form of meeting demand for fuel-efficient vehicles.
He's doing this so Ohio will vote for him. (Be warned, Ohio).
About Pickens, he said at 85 million barrels a day, oil has peaked.
"Oil is getting old and I am, too. There's plenty of wind in the wind corridor for everybody."
The "Wind Corridor" runs from Sweetwater, Texas, to Canada. I've seen plenty of these wind farms, and I've even reported on it for OKCBusiness.
Business and government are working to come up with solutions; in the case of business, it has an incentive to act more quickly. Obama's proposed $150 billion plan will spread over 10 years.
Where will the money come from for this?
Obama will be out of office by the time the results come around from his plan, even if he does end up winning and serving two consecutive terms.

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