Today at 10:00 EDT, the oilman / corporate raider T Boone Pickens will hold a press conference to launch his plan (humbly entitled “the Pickens Plan”) for sharply reducing the American demand for imported oil. The address of the webcast is at the link.
In a nutshell, the idea is:
1)Heavy use of wind power-much of it to be produced in massive wind farms–to generate electricity. This would free up large amounts of natural gas, which is now a primary fuel for electrical generation.
2)Shift a substantial portion of America’s car and truck fleet to run on natural gas, which would of course become relatively cheaper if it were less in demand for power generation.