|The Pickens Plan - How Inveestors Can Make a Fortune|
Green Chip Review
January 25, 2009
From legendary oilman and billionaire T. Boone Pickens:
"America is in a hole and it's getting deeper every day. We import 70% of our
oil at a cost of $700 billion a year - four times the annual cost of the Iraq war."
"I've been an oil man all my life, but this is one emergency we can't drill our
way out of. But if we create a new renewable energy network, we can break our
addiction to foreign oil."
So, what is one of the world's richest oil men doing about it?
The "Oracle of Oil" has unleashed a $58 million public relations blitz focused
on persuading Americans to reduce their dependence on foreign oil by turning
increasingly to natural gas and wind.
Called The Pickens Plan, the project calls for an estimated $1 trillion
government investment... to displace electricity currently produced with natural
gas with clean wind power.
Meantime, he's pouring billions of his own money into each of those profitable
sectors. In fact, he's spending $12 billion on what could prove to be the
world's biggest wind farm--in Texas.
Another of his ventures, Clean Energy Fuels, is the foremost company in one of
the world's fastest-rising industries: building and operating natural gas
fueling stations for vehicles.
But that's just the beginning of the story behind wind and natural gas.
With over 50 countries now installing wind turbines, investment in wind energy
climbed to $50.2 billion last year. And hundreds of corporate and governmental
fleets are converting to vehicles that run on natural gas.