June 15 CNN Larry King: Interviews T. Boon Pickens - Part 1 of 3

King talks about President Obama Oval Office Address to the Nation of Tuesday June 15th.


With an estimated current[update] net worth of about $3 billion, Pickens is a former oil executive ranked by Forbes as the 117th-richest person in America and ranked 880th in the world.




The Pickens Plan

On July 8, 2008, Pickens announced a major energy policy proposal, called the Pickens Plan.[55] The plan promotes alternatives to oil, including wind and solar.[56] A major feature of the plan is replacing the 22% of its electricity that the United States gets from natural gas with wind energy, which would then allow that natural gas to provide 38% of the nation's fuel for transportation and reduce its dependence on foreign oil. The Pickens Plan calls for the United States to utilize its wind corridor in the middle of the country stretching from Texas northerly through the Great Plains to the Canadian border. He noted in Congressional testimony in July 2008 that his plan would generate new jobs and provide economic stimulus to this area, while noting that it would also require new transmission lines which traditionally antagonize some environmentalists and/or nearby populations.

Critics of the plan, however, point out that it is self-serving: Pickens is a huge investor in wind power, and subsidies and mandates for wind power would help his personal financial position.[57] The announcement of the plan also coincides with Pickens' need for federal subsidies for wind to be renewed, as he's already begun placing orders for his planned wind farm in Texas.[58]

Pickens plans to spend $58 million on his multi-media effort to promote the Pickens Plan. Pickens multi-media campaign includes old media, such as newspaper and TV, and new media, such as YouTube and Facebook.[59][60]

Carl Pope, executive director of the Sierra Club, has expressed support for the Pickens Plan.[61]

On December 27, 2009 during what is called the "Meet the Press Roundtable" New York City Mayor Michael Bloomberg made the Pickens Plan case by talking about the need for energy independence.

This discussion was in the context of the failed attack on an airliner on Christmas Day, but Bloomberg echoed what Boone Pickens has been saying for the past 17 months: the USA is funding both sides of this war and the USA is transferring its wealth to people who don't like it very much.[62]

Pickens' proposal for the greater use of natural gas in heavy duty trucks and fleet vehicles is included in the NAT GAS Act (H.R. 1835 and S. 1408)[63] and the American Power Act.[64]

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• June 15
• Boon Pickens

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