Special Reports
T. Boone Pickens Announces Alternative Energy Plan

By Tim Halbur
July 27, 2008

Texas oilman T. Boone Pickens has announced his plan to reduce America's
dependency on foreign oil, emphasizing the extensive transfer of wealth out of
the country it has caused. His plan relies on natural gas vehicles and
increasing wind power.

In the past week, Pickens has talked with the Democratic
and Republican leadership on Capitol Hill to gather support for his two main
proposals: a $1.2 trillion plan to generate much of the nation's electricity
through a chain of windmills and a federal mandate to shift Americans away from
gasoline-fueled cars and into vehicles fueled by natural gas."

"The nation imports $700 billion in foreign oil per year, which Pickens
describes as the greatest transfer of wealth in the history of the world. He
said he fears that if the United States remains so dependent on foreign oil, it
will be at the mercy of the oil-rich nations of the Middle East and other
foreign powers.

'This is an emergency,' he said yesterday. 'This is like a war. The national
economy is at risk here.'"


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