Pickens knows his oil business!! I saw an interview with him on CSPAN about 1.5 years ago and he said then that gas would hit at least $4/gallon in a year. And he also said that we’re at or passing peak oil production. (Chevron and Exxon recently have announced they will not increase oil production for at least the next two years.)
So it’s no wonder to me that he’s looking at alternative production of electricity. We have built a massive infrastructure for electicity and it’s about the cleanest energy we’ve come up with.
We just need to stop using petroleum to make energy and move vehicles. Solar, wind, hydro, geothermal, tidal, nuclear, etc..will all start to look more “cost effective” as production of oil starts to fall and the global demand increases. Might as well get started on it now. It wont happen very fast.
