Today I went to T. Boone Pickens's talk about the Pickens Plan (and I even got to ask a question about it) and I think I am tentatively in favor of the plan if it is followed 100%. The Pickens Plan is pretty straight forward: Our nation spends about $700 Billion dollars a year on foreign oil and that's bad. He says that we are not an oil exporting nation, but we act as if we are which is very bad. Most countries (like Spain, Germany and Japan) that aren't big oil producers realize they are and thus TRY NOT TO BUILD THEIR ENTIRE FRIGGIN ECONOMY ON IT.
It would be nice to kick the foreign oil habit. Our economy is too focused on oil to just ditch it entirely but it would be more politically feasible to kick the foreign oil habit and in the process help transition to a fossil fuel-free economy.
His plan: Cars and Trucks need liquid fuels (the technology is getting there for electric cars, but as he said "A battery won't move an 18 wheeler") which means either oil, natural gas or biofuels. Well biofuels isn't the best of ideas, what with the whole food--> fuel= starvation in the third world, and oil is the habit we're trying to kick which leaves us with natural gas. In 2006 the US generated about 20% of its energy from NG (although T. Boone said now it's 22%). The Pickens Plan says we should take that NG, and use it to power our vehicles and sub in even cleaner wind and solar power to fill the vacancy left by NG. NG generates about 22% of our electricity but the same amount would be able to replace 38% of our imported oil.
This is a fine idea environmentally as NG burns cleaner than oil and renewables are cleaner than NG but the plan is only a good one if renewables replace NG and not coal.
He advocates a wind power corridor from North Dakota to west Texas and a solar belt in the South west in order to revive rural America. He says wind power will (and has) bring (and brought) jobs to rural America since wind turbines are so huge that you have to build them close to where you place them to make it less than a logistical nightmare.
He recognizes that switching from oil to natural gas won't solve our energy issue as NG is a finite resource but it will help get us out of a LOT of debt and buy us 20 years to make the full switch to a carbon-free economy
There were a few other interesting point about his talk:
- He laughed at the idea that we can drill our way out of the energy crisis since we would need to have more oil in untapped reserves than Saudi Arabia produces a day.
- We currently import about 1 million barrels from Mexico a day but in the near future Mexico will become an oil importer so we won't be able to get that from them anymore
- ANWR can't get contribute more than 2 million barrels a day as its pipeline cannot physically transport more than that
- He said that Global Warming is the next big problem but our energy crisis is the current one and that's why he and Al Gore haven't been working together all that closely. Obviously I think Global Warming is a much larger issue but the Pickens Plan can be a good large step in the right direction.
- He did not talk about offshore wind even though there are better wind resources off shore AND it's closer to major population centers thus reducing transmission losses. When someone asked about it he cited NIMBYs and terrorists (*eye roll*)
- He did not mention encouraging efficiency or conservation until I asked him about it. When I asked him whether he didn't mention it for a particular reason he went onto a very lengthy talk about how those are both very important parts of any energy solution and how it's fundamental to an energy plan. I just wished he talked more about it as energy conservation and increased efficiency has an immediate economy and environmental effect.
But as a whole it was a very good talk and as he pointed out our nation's energy situation is so bad that pretty much any energy plan (besides liquid coal) would be a vast improvement.