October 27 2008 / by Garry Golden
Category: Energy Year: 2009 Rating: 6 Hot
After airing a special on the future of electric cars CBS 60 Minutes had energy pundits glued to the screen again with Charlie Rose leading an interview with Billionaire Texan T Boone Pickens. Pickens has generated international media attention with his ‘Pickens Plan’ to rearrange the US energy mix emphasizing natural gas and wind in a complicated scheme to wean the US off ‘foreign oil’. What is not entirely clear is how the utilities will respond to the challenges of wind power (without effective storage to manage intermittent power generation), and how Pickens expects free market driven companies to avoid buying ‘foreign’ natural gas if prices are lower than US domestic supplies.
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