1. Natural Gas is still a non-renewable fossil fuel.
2. Can the auto-makers, which seem slow to adjust to changes, update their fleets?
However, I also think there are some good points here:
1. Wind power can help rural America. Also, Pickens doesn’t mention this, but there are also some exciting new technologies where smaller vortex-like turbines can be placed on the tops of buildings in the cities.
2. This section:
“In 1970, we imported 24% of our oil.
Today it’s nearly 70% and growing.
As imports grow and world prices rise, the amount of money we send to foreign nations every year is soaring. At current oil prices, we will send $700 billion dollars out of the country this year alone ? that’s four times the annual cost of the Iraq war.
Projected over the next 10 years the cost will be $10 trillion ? it will be the greatest transfer of wealth in the history of mankind.
America uses a lot of oil. Every day 85 million barrels of oil are produced around the world. And 21 million of those are used here in the United States.
That’s 25% of the world’s oil demand. Used by just 4% of the world’s population.
Can’t we just produce more oil?
World oil production peaked in 2005. Despite growing demand and an unprecedented increase in prices, oil production has fallen over the last three years. Oil is getting more expensive to produce, harder to find and there just isn’t enough of it to keep up with demand.
The simple truth is that cheap and easy oil is gone.”
I think this is a very important point. He may just be looking out for numero uno, but I also happen to think he’s right. ANWR and offshore drilling are estimated to produce about 1-2 million barrels a day. Even in the most optimistic scenarios, there just isn’t enough oil there for us to “get off of foreign oil”.