The Mortgage Man

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The Pickens Plan – A Solution To The Energy Crisis

The Pickens Plan may be the most viable option to release our dependence on foreign oil.

Most of you know that this blog is primarily about mortgages and the real estate market.  But, I also have discussed at length recently the affect that oil has had on our economy and consequently the affect it has had on mortgage bonds which control mortgage rates.  Because of that, I feel this topic is still relevant to the blog.

I saw this guy on CNBC the other day named T. Boone Pickens.  i didn’t know who he was, but apparently he is a lifelong oil man from Texas, and a billionaire because of it.  He was discussing the country’s problem with oil, and I was busy so I barely paid attention.  Then this morning, I saw a commercial that he has paid for so I went to his website to learn more about his plan.

What i discovered on his site was a simple 5 minute video of exactly what is going on, how it will continue to affect us, and how we can fix it.  I have never seen it described in such a simplistic way, but it really is a simple supply and demand issue.  In addition, we are sitting on huge reserves of natural gas and an abundance of wind power in the middle of the country east of the Rocky Moutains.

Take a look at the site and watch the video to decide for yourself.  But, I believe that it will take visionaries in the private sector to come up with solutions like this.  To rely on government to fix it will lead to bigger problems and very likely no real solution.



  Bob Schenkenberger wrote @

The next time the Government solves a problem of any magnitude will be the first. Solutions ALWAYS come from the private sector. This is no different.

  TB’s criminal son wrote @

These ideas are great since my car already runs on gasoline AND natural gas along with fairy dust. I won’t have to spend a shitload of money just to make it work with all these money saving plans.

  Cal Carter wrote @

Pickens has been around a long time. He is pretty knowledgeable about the oil industry.

I vote to start at Fort Morgan, AL and put a drilling rig every 10 miles all the way around Florida and up the East Coast. Rigs from Baja all the way up to the Yukon.

Or……… let those great populous States that put the most demand on energy whether for industry, private jets, multiple cars, or yachts pay a premium to subsidize the fuel costs of those citizens in States that are actively producing or would if they had any oil.

When the platforms on the Coastal areas become non-producing the infrastructure (pilings and platform) should be left in place for a windmill power distribution platform and windmills should go up all around the platform with the distribution cables run through the unneeded pipeline.

Let’s quit throwing our money away and do something sensible!

  scotty wrote @

There is a public Forum for discussions about Pickens plan :

[…] For more on our dependance on foreign oil and how we may be able to change it, see my post on The Pickens Plan. […]

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