Friday, July 25, 2008

Not Bad for an American Oil Tycoon . . .


This actually sounds good. Try www.pickensplan.com and let me know. Our midwestern wind corridor could supply 22% of our energy needs and it looks like he has invested in that.
We're all familiar with the problem: dependence on foreign oil to the tune of 700 billion (that's with a "B") every year. That's a lot of negative cash flow not to mention dependency.
He didn't mention hydrogen fuel cells or nuclear in the small segment I watched but I am impressed that an oil man would even do this. Nice to see somebody with something at heart that actually matches his wallet.
Most all our electricity comes from coal-generating plants and coal is bad. Nuclear, wind, solar, tidal, all of these are preferable but not developed. How come?
Money of course. And not only investment dollars but invested dollars. A great many people and companies do very well with our foreign dependance and resist change. It's the free market economy at work I guess.

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