T. Boone Pickens, a billionaire with large natural gas holdings, is spending more than million to convince Us politicians and the communal that natural gas should become a communication fuel and should be priced much higher. Gasoline costs ten times as much as natural gas when compared on energy content. To make his case, he also wants to spend in wind power for electricity generation. This second move is intended to avoid a major growth of electricity costs as a consequent of increasing natural gas prices and to make his proposal politically more attractive.
T. Boone Pickens is a businessman. He wants to growth the value of his holdings. He may also supply a service to his country. The Us is hopelessly naïve in comprehension energy, its countless blessings, and its very serious, perilous, and pitiless shortcomings. The communal and its political representatives must begin to understand world energy markets and the hidden, external costs of energy. Mr. Pickens's advertising campaign will put some light on world energy markets and will not be appreciated by oil companies. His efforts are bound to contribute to a good comprehension of energy and its many facts, faces, and features.
Consumers are afraid of added petroleum price increases. An economic retreat and rising fuel prices at the pump have left them with less and less disposable income. They are looking for solutions, any solution. Mr. Pickens is contribution one small but plausible remedy. His advertising campaign will make it difficult for politicians to not accommodate him in some ways.
Gasoline and diesel prices have been skyrocketing. Prices of natural gas are held down by the slow growth of energy request in electric power generation, home heating, and in a shrinking manufacturing industry. The request for natural must go up before prices can follow. Increased drilling for oil in the Us, promoted by politicians to sacrifice petroleum prices, will seek mostly natural gas and only some crude oil. Drilling for oil in the Us will never affect gasoline prices at the pump. Hereafter increases in the price of natural gas will, however, be slowed by added drilling and new supplies.
This is the situation that T. Boone Pickens wants to change. If he is successful, he will categorically growth national request for natural gas. He knows that increased drilling for oil in the Us will have two effects; it will growth the profits of those oil associates that find added oil reserves and it will growth natural gas supplies from the numerous wells that will not yield oil but gas. Expecting that that Us oil associates will ever sell domestic crude oil below Opec prices is delusionary.
T. Boone Pickens will contribute marginally to Us energy supplies if he succeeds in convincing Congress to increase extra tax incentives and subsidies for installing windmills. Producing 20% of all electric power with windmills in the Us is the 100% spoton prescribe for reducing greenhouse gas emissions when accompanied by the withdrawal of outdated, coal fired electric power plants. However, there are no market military to achieve this radical, much needed change. Only the taxpayer straight through its representatives can achieve this conversion.
The major economical problem, which the Us must settle immediately, is its unblemished and politically irresponsible dependence on foreign petroleum supplies. Economies cannot function without plentiful, affordable and accumulate machine fuels. The nation's defense is in an especially precarious predicament. Our nation's defense will collapse after bright its miniature strategic oil reserves. The Us must design domestic, alternate liquid fuel sources posthaste and eliminate this outrageous protection risk.
This country good wakes up soon and addresses the monumental issue of increasingly costly, liquid fuel supplies. We cannot wait until our oil industry has pumped the last gallon of petroleum from depleted domestic oil wells. We cannot wait until all oil executives have retired to locations in cooler highlands. We must begin to find alternatives now and we must force the oil industry to share its vast knowledge of oil processing and of artificial oil yield with producers of renewable liquids in change for costly drilling rights.
Natural gas powered cars will not relax our country's dependence on fossil fuel imports perceptibly. Installing a distribution law for compressed natural gas will be very costly and will be beneficial for only a small fraction of automobiles, trucks, and local busses. It might however, be practical to setup compressor stations in large, metropolitan areas. The Us desperately needs to act and put the world on consideration that it will fight global warming and will act decisively to accumulate energy independence. The Us can reclaim leadership by immediately instituting a Manhattan style scheme with the particular mission to yield renewable liquid communication fuels domestically.
In his thinking, T. Boone Pickens is miles ahead of the rest of the country. He sees that the factory of windmill farms will growth and not decrease natural gas consumption for electric, peak power production. He knows that the communication sector is desperately looking for alternative energy sources. He knows that natural gas as a communication fuel is inferior to gasoline and to diesel. However, he needs the request from the communication sector to elevate natural gas prices over the board and to make his efforts of promoting windmill farms worthwhile.
There are not many patriots in the energy industry. T. Boone Pickens may just be one of the very few.
T Boone Pickens - Visionary Or Profiteer?