Sunday, October 12, 2008
ILSR Columns: How T. Boone Pickens' Energy Plan Just Got Killed
ILSR Columns: How T. Boone Pickens' Energy Plan Just Got Killed: "The Pickens energy proposal has a fatal flaw. Transforming our transportation fleet to natural gas will require massive investments in new engines and new fueling systems. Although largely buried in the fine print, Pickens isn't proposing to use natural gas to entirely replace transportation fuels derived from oil. His goal is a 20 percent replacement. So after 15-20 years and the expenditure of tens, if not hundreds of billions of dollars we would then have a transportation system still 80 percent dependent on oil and 20 percent dependent on a fossil fuel whose life expectancy is not much longer than oil's."
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