The Pickens Plan is an energy policy proposal announced July 8, 2008 by American businessman T. Boone Pickens. Pickens wants to reduce American dependence on imported oil by investing approximately $US1 trillion in new wind turbine farms for power generation, which he believes would allow the natural gas currently used for power generation to be shifted to fuel CNG trucks and other heavy vehicles. Pickens stated that his plan could reduce by $300 billion (43%) the amount the country spends annually on foreign oil.
Read more about Pickens Plan: Proposal, Effects On The Environment, Dependence On Foreign Fuels, Questions Over Pickens' Motives and Methods, Support Campaign, Major Endorsements, See Also
Famous quotes containing the word plan:
“Fix’d like a plan on his peculiar spot,
To draw nutrition, propagate, and rot.”
—Alexander Pope (1688–1744)