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July 8, 2008

Oil tycoon T. Boone Pickens turning to wind power and natural gas

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T. Boon Pickens has made his fortune on oil, but now he is turning to more natural sources.

Pickens' plan is cut U.S. dependence on foreign oil through the power of alternatives such as wind and natural gas.

"We’re paying $700 billion a year for foreign oil. It’s breaking us as a nation, and I want to elevate that question to the presidential debate, to make it the No. 1 issue of the campaign this year,” Pickens told USA Today.

Wanna know more about Picken's idea? He set up a website, www.pickensplan.com, to help us better understand his shift from oil to natural gas and wind.

"Neither presidential candidate is talking about solving the oil problem. So we’re going to make ‘em talk about it,” Pickens said.

“Nixon said in 1970 that we were importing 20% of our oil and that by 1980 it would be 0%. That didn’t happen,” Pickens added. “It went to 42% in 1991 with the Gulf War. It’s just under 70% now. Where do you think we’re going to be in 10 years when our economy is busted and we’re importing 80% of our oil?”

Pickens has also been investing money in water power as well.



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