by Bill Becker -
Jul 25th, 2008
It does our heart good to see an oil tycoon spend his money to tell the truth. There’s too little of that today. But T. Boone Pickens, the Texas oil billionaire, is investing $58 million on a television ad campaign (Youtube) to explain that we can’t drill our way out of the current energy crisis.
Instead, he says, we should build wind farms from Texas to North Dakota, and install the transmission lines necessary to move the power to where we need it. That will liberate natural gas from its most common current use – generating electricity – and allow us to use it to power our vehicles, Pickens says.
He’s right about the wind part and wrong about the best use of natural gas.
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