Paul Killinger

Wind, Natural Gas ETFs: Oil Man Pickens Thinks You'll Make Money

Gary,

You and Boone are on the same page, actually, about our dire need to develop additional domestic oil and gas resources NOW. He told a Senate committee last week of the vital importance to explore in ANWR.

His ideas make alot of sense, actually. He likes wind because it's cheap and it's the ONE resource we can permit expeditiously. As you know, the other part of his plan would be to take the NG we save from the electric grid by substituting wind energy and use it to power our EXISTING vehicle fleet. (The NG conversion is only a few hundred dollars per car, but the problem is a lack of fueling stations. Incidentally, I'm told they have such an infrastructure in Utah, where the public fills up for the equivalent of $2 a gallon today.

In related news, I saw a fascinating presentation by Rep. Steve King from Iowa on the House floor on C-Span last night. To say the least, he doesn't think much of environmentalists. He said there are all these so-called Green geniuses from places like Berkeley and Cornell telling the Democrats what to do about energy, and they only ever come up with "half a plan." They know all about renewables, but they haven't a clue about what to do to enable our economy to survive our present shortage of oil and gas.

Indeed, some economists are forecasting a return to gas lines soon. While that would be terrible for our economy, it would have one salutary benefit: IT WOULD RID US OF THE BOTH THE GREENS AND LIKE MINDED DEMOCRATS IN ONE AFTERNOON!