T Boone Pickens’ Plan to Save America
Oilman T Boone Pickens is not only committed to planting the world's largest wind farm in the fertile soil of Texas and electrical lines to move that wind power to market. T Boone has a plan to save America (while making a bundle) and has committed some $58 million to convincing Americans that his plan is the path to a better future. Pickens is focused on oil. According to T Boone,
America is addicted to foreign oil. It's an addiction that threatens our economy, our environment and our national security. It touches every part of our daily lives and ties our hands as a nation and a people. The addiction has worsened for decades and now it's reached a point of crisis.
Here is one of the nation's leading oil men laying out quite clearly that America's oil habit is centerpiece of risk for the nation in the years ahead. Is the addiction's solution to be found in Newt's Drill Here! Drill Now! Pay Less! petition? Not according to T Boone:
Can't we just produce more oil? World oil production peaked in 2005. Despite growing demand and an unprecedented increase in prices, oil production has fallen over the last three years. Oil is getting more expensive to produce, harder to find and there just isn't enough of it to keep up with demand. The simple truth is that cheap and easy oil is gone.
If oil is dead, as T Boone tells us (the US), what should we do?