Tuesday, July 22, 2008

Boone's Farm ...could grow big!

T. Boone Pickens is a Texas Oil man. He has been hawking
a plan to save America from dependence on foreign oil through
his paid "Public Service Announcements". At first blush, it
would be easy to suggest that Boone is busy pushing his plan
for Natural gas, Solar and Wind Power because he has some of
his own money in those things.

This morning Boone was interviewed on CNBC prior to his given
testimony before Congress. Boone mentioned that 38% of our
Fossil Fuel needs come from Commercial, Trains or Buses in
this country which accounts for $350 billion a year that goes
to Arab Sheiks and other oil countries. Boone is suggesting
that we move those vehicles out of Diesel and Gasoline and
put them into Natural Gas. Now one might be eager to suggest
that his reasoning is based purely on his personal engagement
with Natural Gas. We believe however that this idea is about
30 years late. It should have been done and could have been
done during the last run up in oil...back in 1978! Now that
the cost is edging toward a Trillion dollars a year...perhaps
it is time to pay attention!

Boone says that there would be positive side effects to his
plan which includes higher gas mileage for passenger cars and
a greater engagement on Solar and Wind Power. Boone says he
is making this plea because the two Presidential candidates
have yet to mention what they might do regarding our dependence
of foreign oil....and he wants to know what position they might
have on "The Plan"! "This should be a major discussion for
both candidates.." he suggests. "We can't drill our way out of
this!" he repeats often!

Now, it might be easy to simply say that T. Boone Pickens just
wants to "feather his own nest"...pick up where Enron, Ken Lay
and Jeff Skillings left off. Yet, when you look at how the
speculators yanked our chain...up to $147 dollar a barrel oil..
perhaps, common sense might be looked at as a possible option.
We wish Mr. Pickens well..it is about time that we did something
that could address our dependence on foreign oil.

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