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July 18th, 2008 - By Nick Hodge
Energy & Capital editor Nick Hodge touts The Pickens Plan as a catalyst for energy profits from both wind and natural gas vehicles...
Chalk another one up to clean technology.
Legendary Texas oilman, billionaire and America's 117th richest person, T. Boon Pickens, has unveiled a $58 million public relations blitz focused on persuading Americans to reduce their dependence on foreign oil by turning increasingly to natural gas and wind.
Called The Pickens Plan, the project calls for an estimated $1 trillion government investment to displace electricity currently produced with natural gas with clean wind power.
Then, the resultant excess natural gas capacity would be used to power cars and trucks.
T. Boone, the plan's creator, says it would alleviate hundreds of billions of dollars currently spent on oil while creating thousands of U...
Today, energy is at a global crossroads. The International Energy Agency (IEA) estimates a minimum of $20 trillion needs to be invested over the next 25 years to meet surging energy demand and to offset the declining reserves of the world's major oil fields.
There is, however, a solution to the looming energy crisis--a solution that will encompass numerous energy technologies and practices. The blueprint for success will not only include alternative and renewable energy, but the economic harvesting of remaining and unconventional oil sources as well.
Within that blueprint for renewable energy and sustainable energy use lies the most profitable investments this century has to offer. These are the energy stocks and investment strategies that fully exploit the "New Energy Economy." And Energy and Capital's editors and researchers bring them to market each and every day.
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