thku4grace

The T. Boone Pickens Approach

The T. Boone Pickens approach isn't quite what some have made it out to be. Pickens of course, is leveraging his name to gain wider acceptance for his own plan of windmills in the Texas panhandle. His goal is to build enough support to get Congress to act on tax credits for his new fledging operation. However, Pickens' commercial raises a lot of other questions. I doubt that he isn't genuine in his desire to see America stop sending greenbacks to other nations. However, these commercials only highlight one of his ideas, while his biggest plan is to see government and industry move to natural gas for transporting goods nationwide. Furthermore, his statement "we can't drill our way out of this" plays to the left for support for windmills while in subsequent interviews he admits we need to drill off the coast as well as ANWAR. This is much more realistic but not supported on the left. The fact is we need to stop shipping dollars overseas, and we will only accomplish this by doing EVERYTHING. The left would have us pick out only a few potential sources for energy----solar, wind, and geothermal. With this plan, we are sure to see oil much, much higher for years to come. But that is the plan. With oil at 200, 250 a barrel, these alternative energy plans become more competitive. However, it won't relieve us of the high cost of these energy sources. Its pretty clear that at some price oil could easily send the world into a recession. As bad as that may be, we will benefit from lower oil prices do to a drop in demand. With solar, wind and geothermal, that's not the case. Companies can not cut their prices due to a drop in demand. They have to recoup their large investment. We are now locked into a lower standard of living. This is an extremely unwise plan.