Texas Oilman: Clear Path For Wind Power
T. Boone Pickens Makes Request Of Congress To Boost Use Of Wind, Natural Gas
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Play CBS Video Video Using Wind To Make Electricity The U.S. currently gets one percent of its electricity from wind. By 2030, it could be up to 20 percent. Billionaire T. Boone Pickens says we can do better that. Daniel Sieberg reports.
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Video The Pickens Plan "Only On The Web": Katie Couric speaks with energy investor T. Boone Pickens Jr. about his plan to decrease U.S. dependence on foreign oil through the development of alternative energy sources.
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Video Can Wind Aid Energy Crisis? Oil tycoon T. Boone Pickens wants to lower U.S. dependence on foreign oil with a plan that implements wind power. Katie Couric reports on Pickens' energy-swapping proposal.
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T. Boone Pickens testifies on Capitol Hill in Washington, July 22,2008, before the Senate Homeland Security and Government Affairs Committee. (AP Photo/Gerald Herbert)
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Interactive Alternative Energy Learn about the types of renewable energy that are used in the U.S. and the regions of the country considered to be most suitable for each kind.
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Interactive Eye On Energy Explore the production and consumption of energy in the U.S. Find out more about energy costs, and the use of fossil fuels, nuclear power and renewable energy sources.
Pickens has been on a $58 million publicity tour to promote his plan to erect wind turbines in the Midwest to generate electricity, replacing the 22 percent of U.S. power produced from natural gas. The freed up natural gas then could be used for transportation.
Testifying before the Senate Homeland Security and Government Affairs Committee, Pickens said the government should begin building transmission lines for wind-generated power or provide the right of way on private land and extend tax credits so the private sector can build the lines.
"If the government wanted to build a grid, I mean, do it," he said. "But if they don't want to do it, I think the money is there to do it private, and so it's kind of like either do it or get out of the way, but give us the corridors to put it in and it'll be done. You could do this on a very, very fast track if you wanted."
Pickens suggested that Congress follow the lead of former President Eisenhower, who declared an emergency to build the interstate highway system in the 1950s and 1960s.
He warned that oil could cost $300 a barrel in 10 years as supplies drop, if the nation continues to "drift" on energy policy.
Pickens has leased hundreds of thousands of acres for a giant wind farm in West Texas, where he plans to erect 2,700 turbines and produce energy for urban areas such as Dallas and Fort Worth. He has run into some opposition from West Texas landowners who are unhappy with his efforts to obtain rights of way to build the wind farm and a pipeline for a separate water project.
Specifically, Pickens asked Congress to extend a 2005 law intended to speed up the creation of energy corridors, and to give him control over any transmission lines he builds for wind-generated power. All electric transmission lines are now regulated by the Federal Energy Regulatory Commission.
Pickens also called for a 10-year extension of a tax credit for energy producers. He estimated it would cost taxpayers $15 billion a year in production tax credits for 200,000 megawatts of wind power.
"When you look at $700 billion dollars going out of country every year for purchase of oil, $15 billion is somewhat insignificant," he said.
Sen. Joseph Lieberman, I-Conn., called Pickens' plan bold and said he hoped Pickens' testimony would "infect people in a position in Washington to do something about it."
But the oilman's plan raised questions with Sen. George Voinovich, R-Ohio, who asked if it would hurt the chemical industry, which relies on natural gas as raw material. He said the industry probably won't like seeing natural gas costs increase.
Pickens estimated it would cost about $500 billion to increase wind energy production from the 4,000 megawatts to be generated at his Texas wind farm to 200,000 megawatts, the amount needed to power 20 percent of U.S. energy needs. Transmission lines and the tax credit would add another $15 billion.
At that level, he said, "You're approaching about one year's supply of oil that you're buying. But don't get the idea that replaces that oil, it doesn't. It will only replace 38 percent."
In addition to the hearing, Pickens also met privately Tuesday with Democratic and Republican members of Congress as well as Texas senators.
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- I''''d rather see wind turbines rather than smell those stinking feed lots in west Tehas.
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Posted by talkingham...........
not to mention the Oil storage tanks...
thery put those things inside the city limits.. - Reply to this comment
- LibH8er
As an Electrical Engineer I can tell that you are one stupid MF. Why does everything have to be a home run? Solar cells, Nuclear, gas, coal wind, water, tidal, geo-thermal. They all have a place in adding supplemental (not mental like you) power to the grid. It''s people like you who make me wonder about the value of your college education. I am not a liberal but go back to your hate meeting!! - Reply to this comment
- ''bout time an oilman started acting like an American instead of on international money ***!!!
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- This jerk funded ''swift boat veterans for truth'' who misled the country about John Kerry''s war record.
Is his current program deceitful too? If we asked him if he''s lying, how would he be expected to answer?
ZERO credibility as far as I''m concerned. - Reply to this comment
- "They spent $1 trillion in nuclear fission energy research (not bomb-related), but haven''''t spent a dime on solar. YOu get what you pay for."
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Did you just figure out that the government doesn''t spend money to benefit you and me?
Our government has moved well beyond supplying basic public services. Our government is a self sustaining entity that feeds on you and me for that self substinance. - Reply to this comment
- I think they just need to surround Washington DC with those wind turbines. There is enough hot air spewing from a few of those buildings to spin a windmill supersonic.
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- Hate to be negative but, if the arctic/antarctic ice disappears, what effect if any would that have on "Wind Alley"?
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- I''d rather see wind turbines rather than smell those stinking feed lots in west Tehas.
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- Big Oils investment to get Bush/Chaney elected has paid off quite handsomely. Chaney has been quoted as saying Big Oil isn''t getting enough money for their product. During his secret meetings with energy companies they came up with a plan to gouge the American people. Nothing will change until all of the Big Oil owned politicians are kicked out of Washington. Why is a country like Brazil oil independent and Americas energy plan non-existant?
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- [When the free market becomes interested in cleaning up the environment that is when it will actually happen.]
[Posted by fedupwithit1 at 11:50 AM : Jul 23, 2008]
this would be appropriate since it''s the free market that contributed to many of the problems in the first place. - Reply to this comment
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