Today the Economist weighed in on the Pickens Plan:

Americans spend $700 billion a year on foreign oil. According to one observer, this is an addiction, a crisis, and a trap. The country must pursue alternative energy sources as fiercely as it once shot for the moon. So far, so much liberal boilerplate. The critic in question, however, is a Republican oilman: T. Boone Pickens. As he puts it, in an Okie drawl: “I’ve been an oilman all my life. But this is one emergency we can’t drill our way out of.”He wants America to make a huge investment in wind-power infrastructure. During this election season, he will personally spend $58m to make the case.

Full story here.

This entry was posted on Thursday, July 17th, 2008 at 2:58 pm by Brad in In the News.
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