The plan, in a nutshell, is this. The U.S. should convert as much of its automobile fleet as possible from gasoline to compressed natural gas (CNG) as quickly as it can. The benefit is that we produce most of our natural gas domestically, whereas we import 70% of our oil--sending American dollars out of the country, into the grubby fists of various thugs, kleptocrats, fanatics, and all-around assholes. (There is also an environmental benefit, as natural gas burns cleaner than gasoline.)
But wait a minute? Don't we already use every btu of gas that we produce already? Yep--about 22% of America's electricity is generated with natural gas (not to mention homes that are heated with and cook with gas). So if we switch all that electricity-producing gas to vehicle-powering gas, where do we get the electricity from?
Boone's answer is windmills. He believes that vast quantities of windmills, built north-to-south in the Great Plains, where wind blows down unimpeded from Canada, can produce that 22% of America's electricity currently being produced by gas.
Still, he's right about the problem with oil, and it's a good thing to see a genuine oilman like him baldly refute the moronic "Drill here, drill now" nonsense that some Republicans are pushing, as this more thorough critique points out. As I said, I've got some issues with his solution, but he's correctly identified the problem, and I love seeing wind energy get a big boost. I think this sums it all up as well as anything:
Seriously, though, it's great that gazillionaire TBP is talking up peak oil and joining the wind power bandwagon (see "Wind Power -- A core climate solution"). And it's great he plans to spend tens of millions of dollars pushing this idea and delivering the message that $15 billion dollars for the wind production tax credit is peanuts compared to the $700 billion this country is going to spend on foreign oil this year.
But if you want to displace oil, the obvious thing to do is [to use] wind power to charge plug-in hybrids (see "Plug-in hybrids and electric cars -- a core climate solution"), multiple models of which will be introduced into the US car market in two years. Indeed, with electric utilities controlling the charging of the plug-ins, they can make optimum use of variable windpower, which is mostly available at night time. That would be win-win-win.
The Pickens Plan, however, is based on the utterly impractical idea that "Harnessing the power of wind to generate electricity will give us the flexibility to shift natural gas away from electricity generation and put it to use as a transportation fuel."
Uhh, never gonna happen, T. Boone. Never. The most obvious reason is the gross inefficiency of the entire plan.
A 2002 analysis of why natural gas vehicles (NGVs) didn't catch on was published in Energy Policy, "Commercializing an Alternate Vehicle Fuel: Lessons Learned From Natural Gas For Vehicles," (subs. req'd). The study concluded, the environmental benefits of NGVs were oversold, as were the early cost estimates for both the vehicles and the refueling stations: "Early promoters often believe that 'prices just have to drop' and cited what turned out to be unachievable price levels." The study concluded, "Exaggerated claims have damaged the credibility of alternate transportation fuels, and have retarded acceptance, especially by large commercial purchasers."
So a large-scale switch to NGVs by consumers is not going to happen no matter what T. Boone does. But he could help accelerate windpower into the marketplace and for that alone he deserves some kudos.