Comments on: Let’s get to 120 by 11/20/09 http://www.pickensplan.com/news/2009/10/28/let%e2%80%99s-get-to-120-by-112009/ It's time to stop America's addiction to OPEC oil. T. Boone Pickens has a plan. Wed, 23 May 2012 12:52:17 +0000 http://wordpress.org/?v=2.6 By: Michael R. Wimberly http://www.pickensplan.com/news/2009/10/28/let%e2%80%99s-get-to-120-by-112009/#comment-7511 Michael R. Wimberly Thu, 29 Oct 2009 16:15:32 +0000 http://www.pickensplan.com/news/?p=4227#comment-7511 Sorry Amy I forgot. You may not be able to use my comments to the Houston Chronicle since they now own the copy writes. Michael R. Sorry Amy I forgot. You may not be able to use my comments to the Houston Chronicle since they now own the copy writes.

Michael R.

]]> By: Michael R. Wimberly http://www.pickensplan.com/news/2009/10/28/let%e2%80%99s-get-to-120-by-112009/#comment-7510 Michael R. Wimberly Thu, 29 Oct 2009 16:09:43 +0000 http://www.pickensplan.com/news/?p=4227#comment-7510 Amy I plan to join in this afternoon\'s discussion on line. Regards Michael R. Paper: Houston Chronicle Date: Thursday Oct 29, 2009 Section: B Page: 9 Edition: 3 STAR Weak dollar poses risks The Chronicle\'s editorial “Dollar\'s daze” (Page B8, Thursday) accurately describes how a weak dollar adversely affects our economy by driving gasoline prices to $4 a gallon and further increasing our foreign balance of payments deficit. A weak dollar will spur U.S. exports, but this advantage will be short-lived because it increases the cost of all imported products, not just oil. This complicates our domestic and foreign policies by continuing the financial support of unfriendly foreign supplier-nations who want the dollar dumped for foreign exchange. The only program in this recession capable of stopping the dollar decline while priming our economy is the Pickens Plan, aimed at converting all diesel trucks and buses to domestically produced natural gas. At the same time we must recognize the negative impact of large gasoline engines for personal use by imposing an impact fee to influence a conversion to smaller engines. These plans would preclude the need to increase the gasoline tax while virtually eliminating imported oil. Let individuals decide how big an engine they need and use the impact fee to compensate for the lost gasoline tax. Both programs will cut U.S. oil consumption more than 50 percent, eliminate $150 billion in imported oil annually and have a significant “green” impact. These are real savings that will be annually reinvested as a stimulus to our domestic economy, not in the Middle East or Venezuela. Besides Canada, the U.S. is perhaps the only industrialized nation capable of energy independence. What are you willing to pay to save our nation\'s economy and our way of life? MICHAEL R. WIMBERLY Houston Amy I plan to join in this afternoon\’s discussion on line.

Regards Michael R.

Paper: Houston Chronicle
Date: Thursday Oct 29, 2009
Section: B
Page: 9
Edition: 3 STAR

Weak dollar poses risks

The Chronicle\’s editorial “Dollar\’s daze” (Page B8, Thursday) accurately describes how a weak dollar adversely affects our economy by driving gasoline prices to $4 a gallon and further increasing our foreign balance of payments deficit. A weak dollar will spur U.S. exports, but this advantage will be short-lived because it increases the cost of all imported products, not just oil. This complicates our domestic and foreign policies by continuing the financial support of unfriendly foreign supplier-nations who want the dollar dumped for foreign exchange.
The only program in this recession capable of stopping the dollar decline while priming our economy is the Pickens Plan, aimed at converting all diesel trucks and buses to domestically produced natural gas. At the same time we must recognize the negative impact of large gasoline engines for personal use by imposing an impact fee to influence a conversion to smaller engines. These plans would preclude the need to increase the gasoline tax while virtually eliminating imported oil. Let individuals decide how big an engine they need and use the impact fee to compensate for the lost gasoline tax. Both programs will cut U.S. oil consumption more than 50 percent, eliminate $150 billion in imported oil annually and have a significant “green” impact. These are real savings that will be annually reinvested as a stimulus to our domestic economy, not in the Middle East or Venezuela. Besides Canada, the U.S. is perhaps the only industrialized nation capable of energy independence. What are you willing to pay to save our nation\’s economy and our way of life?

MICHAEL R. WIMBERLY
Houston

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