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Jan 12, 2009

Energy independence * USA - The benefits of investing in America

Washington,DC,USA -The Washington Times, by T. Boone Pickens -January 12, 2009: -- While the 111th Congress and the Obama administration work on the details of the federal stimulus package, we have to make certain that we are looking for nongovernment mechanisms to stimulate the American economy... One large target for preserving American cash is the huge amount of money we are sending overseas to buy oil... Fully 20 percent of the oil we import is used as diesel fuel by long-haul trucks -18-wheelers - to move goods around the country. Some day battery or hydrogen technology will improve to the point where it can be used for heavy trucks, but that technology does not exist today... The only domestic fuel which can replace imported diesel is natural gas. Aside from water, natural gas is one of the most widely distributed resources in the nation. Technologies to recover natural gas from huge shale basins have made trillions of cubic feet available for development and use. We have an abundance of natural gas, and it is cheaper and cleaner than diesel... Manufacturing processes to produce heavy truck engines which use natural gas already exist. All that is needed is to provide incentives to truck owners - small businesses and major trucking companies - to move from diesel to natural gas as they go through their normal vehicle replacement cycles... Providing similar incentives to fleets of all types - school buses, municipal vehicles and express delivery trucks - to upgrade to natural gas would serve the goals of cleaner air, cheaper operating costs and reduced dependence on foreign oil. The infrastructure needed would be paid for by private industry...

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