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Page added on November 28, 2008

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Pickens: Renewable energy sources a must for US


The 80-year-old Texas oil man, who heads the Dallas-based hedge fund BP Capital Management LP, in July launched his so-called “Pickens Plan” for energy independence. The multimedia campaign is designed to bring more focus to solving the nation’s energy crisis.

The plan calls for developing renewable energy sources and using natural gas as a transportation fuel to help wean the U.S. from its dependency on foreign oil.

“I like renewables because they’re in America,” Pickens said. “We have to get off of foreign oil. It’s easy. The only resource we have in America that can go head-to-head to compete with diesel or gas … is natural gas.”

Houston Chronicle

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