Boone Pickens

June 2008

I was watching CNBC a couple of days ago, and old Boone Picke

ns was on there with his dire forecasts of the US oil situation. What I like about Boone Pickens is that he tells it like it is... the world demand for oil is 87 million barrels of oil a day and we are only producing 85 million barrels a day (mbpd). The reason the price of oil is so high is not because of the greedy Arabs or Hugo Chavez, or OPEC, or Hurricane Katrina, etc, etc, etc. No... it's simple supply and demand. Just like I have been telling you for the past few years. The supply is stuck at 85 mbpd and is NOT going to go up. It will probably stay the same for a few years and then start to go down. The 87 mbpd "demand" figure is not going to go down anytime in the near future either. It is probably going to go up. Therefore the price of oil is going to go up too.

The billionaire Boone Pickens knows what he is talking about too. He has been around a while. He is one of the original oil wildcatters and has made millions in his Mesa Petroleum company. If anybody knows what is going on with the price of oil, it's Boone Pickens.

     I have often speculated myself on what is going to replace the huge amount of oil we use in the US every day. And this is a very important question. After all, the answer to this question will determine how you plan for your future. Right now, the figure is at 20.2 million barrels per day. That's just in the US! Now, let's look at ethanol... we are producing about 17 million gallons a day. There are 42 gallons of oil in a barrel, so we are using about 848 million gallons of oil per day. Of course, not all that is gasoline - it's diesel, kerosene, jet fuel, heating oil, etc. But, as you can see, 17 million gallons a day of ethanol is just a drop in the bucket compared to what we need if we are to replace fossil fuels. And the biodiesel production figure is even smaller at about 1.2 million gallons per day in 2007.

     Boone Pickens knows all this and calls ethanol a "joke". He says natural gas is the next great fuel to power our nation. And he is putting his money where his mouth is. His plan is to wean the electricity producers off of natural gas so he can fuel our transportation system with natural gas. He is going to use a massive wind turbine farm to generate a massive amount of electricity that would otherwise be generated with natural gas. He will then use the freed up natural gas to fuel America's transportation industry thus reducing our dependence on imported oil by 20% in short order. He plans to have 4000 MW of wind turbine electricity capacity in his Pampa, TX wind farm by 2015. This will make it the largest, by far, wind farm in the world.

     CNBC calls Boone Pickens the "Oracle of Oil". And his plan sounds solid to me. After all, natural gas is a clean fuel as it emits up to 95% less pollution than gas or diesel engines. Boone says, "You find an oilfield, it peaks and starts declining, and you've got to find another one to replace it. With wind, there's no decline curve". And, from what I understand, most of the natural gas we use in the US is produced right here in America.

     As you all know, our little spike in alternative fuel production over the past year has caused some pretty serious secondary problems... rising food prices, food shortages, hunger, clear cutting rain forests to plant biofuel crops, and more. Maybe it's time to take another look at "green" alternative fuels and rethink our future. I have always promoted jatropha for biodiesel. It is not edible and can be grown in semi-arid places where food crops will not grow. Of course used fry oil is good too "if"

you can get it these days. I never did like ethanol because of the very low EROEI (energy returned for energy invested). See my Feb 2006 newsletter at http://www.electricitybook.com/e85-ethanol/ - I really don't like the idea of putting our food into our gas tanks. There are too many people who will go to bed hungry tonight. Many thousands of people will die every day just because they do not have enough food to eat. We simply can not replace our food crops with fuel crops no matter how much more profitable it is.

I like Boone Picken's plan - what about you? You can install your own homemade wind turbine in your back yard. Just click HERE for all the details.

For more information on Boone Pickens, visit http://www.boonepickens.com/

WARNING: There have been a lot of "scam" sites lately selling those run your car on water devices. You may even see one or two of them advertising in the Google Adsense ads above. I can block them, but it is like swatting flies - as soon as you block one, another shows up. These devices DO NOT work. Save your money and DO NOT buy them under any circumstances! For more information, see my Dennis Lee scam newsletter.

[Home] [Terms of Use] [Privacy Policy] [Site Map]

Alternative Energy News - Back issues of Network 6000's alternative energy newsletters
OTEC - Ocean Thermal Energy Conversion
Tesla Death Ray - Has Tesla's death ray gun finally come to life?
Tesla Turbine - Information about teh Tesla Turbine - Tesla's greatest invention?
Jatropha - All about the jatropha plant - a great source for oil in making biodiesel.
D1 Oils - a biodiesel producer with a portable biodiesel processor.
Biodiesel News - Two more oil producing trees - the African Oil Palm and the Paradise Tree
Edward Leedskalnin - Edward Leedskalnin's Coral Castle secret revealed!
Peak Oil - Peak Oil, Hurricanes, and the Price of Gas.
Peak Oil Update - More information on the Peak Oil crisis.
Magic with Magnetism - Professor Felex Ehrenhaft and how his magnetic electrolysis experiment.
Atmospheric Engine - The Power of a Vacuum, Atmospheric Pressure, Atmospheric Engines, and the Newcomen Engine.
Composting for Heat - How Jean Pain extracts heat and methane from a simple compost heap.
E85 Ethanol - Why E85 ethanol may or may not be in your future and FFV - Flex Fuel Vehicles.
Cornish Generator - a unique way to generate hydrogen using aluminum wire and smaller amounts of electricity.
Solar Water Heating & Cooking - A simple, easy, low cost way to heat your water or cook your dinner with the sun.
Enviromax Plus - Add this simple liquid to your gas tank and save up to 35% on your gas or diesel.
Magnetricity - A comparison of the Ed Leedskalnin and Howard Johnson magnetic theories.
Hydrogen on Demand - HOD... can you run an engine totally on Hydrogen created as you need it?
Sustainable Living Information - Over 800 FREE publications on green energy and sustainable living.
Glycerin Soap Recipes - How to make soap from the byproduct of making biodiesel - glycerin
Update on Jatropha & Biodiesel - What is the current status of making biodiesel from jatropha?
Surging Demand for Fossil Fuels - Do you eat, drink, and sleep fossil fuels?
Free Alternative Energy News - Energy Self Sufficiency Newsletter (ESSN)
Solar Flares - How extreme solar activity is predicted to knock out the entire electrical grid sometime soon.
Free Energy - Some current technologies that look very interesting.
Survival Supplies and Equipment - Lehman's - a great source for supplies for off-grid living.
Nikola Tesla Information - and... a huge database of other useful alternative energy/sustainable living info.
Wind Turbines - Learn how to build your own wind turbine, get free batteries, and more!
Biodiesel - Book review of "The Rise of Biodiesel"
Nikola Tesla's Birthday - Some of my favorite sites about Nikola Tesla
Peak Oil - peak oil and a look into the future to 2015.
Garrett Yazzie's Solar Water Heater - If this kid can do it using parts found in a dump, then you can too!
Energy Conservation Tips - My top 10 energy conservation tips.
Hydro Boost and Dennis Lee Scam - Old Dennis Lee is at it again with a hydro boost scam - don't buy into it!
Boone Pickens - Learn about his plans for natural gas and a 4000MW wind farm in Texas.
Algae Biodiesel - All about biodiesel from algae and how you can cultivate it in your back yard.
Cars of Tomorrow - All about the Tesla Roadster, The Smart Car, an Air Powered car, and the chevy Volt.
Electric Car Conversion - Convert your car to all electric for under $500.
Cause of Financial Crisis - Did high oil prices cause the sub-prime financial crisis?
Energy for the Future - What to do about the future economic & energy crisis - a 52 week course.
Victory Gardens - Why it would be wise to start your own Victory Garden now.
Static Electricity - Can static electricity be a source of power?
Solar Water Purification - simple low tech "Sodis" technology could save your life.
Green Energy - example on a highly efficient dairy farm.
Credit Bubble - All about the coming credit bubble and consequences.
Water Powered Cars - Can you run your car on 100% water using electrolysis? (not hydro boost scams)

Return to Alternative Energy Newsletters Table of Contents