Cliff Notes... big-time oilman says the United States is too dependent on foreign oil. We spend a $700 billion a year on foreign oil. His plan is to take advantage of our vast wind resources and fulfill 20% of our electricity needs with windfarms. In his plan, this would replace the 20% of electricity created by natural gas... which could then be used for transportation instead of oil/gas... therefore, cutting our dependency on foreign oil.
The project would cost roughly $1.2 trillion to set up, which in turn would save trillions of dollars overtime and also quite drastically reduce our dependence on foreign oil, plus it would be dramatically better for the environment, not to mention that it would create a lot of high skilled jobs in rural America. He is proposing that the government either help with this project or reduce all of the barriers that are preventing private companies from investing in this (regulations, etc.)
http://www.pickensplan.com/
Thoughts? Comments? Concerns?
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