By Rebecca Bowe
T. Boone Pickens, 80, is a Republican billionaire living in Dallas whose spot-on predictions about the petroleum industry have earned him the nickname the “Oracle of Oil.” More recently, the founder and chairman of BP Capital Management has garnered media attention for reinventing himself as a proponent of clean energy. On March 25, hundreds of San Franciscans came out to the Intercontinental Mark Hopkins Hotel to listen to the former oilman discuss the Pickens Plan: a blueprint for curing America’s addiction to foreign oil.
Pickens launched his campaign last July with a slick Web site designed by one of the top brains behind Obama’s online presidential campaign. So far, some 2 million supporters have signed on, Pickens said. “I found out this,” he told a team of reporters shortly before his talk. “When I was a rich guy going to Washington trying to get something done, I got in to see everybody and they were all nice, but not much happened. Today, with 2 million people with me, I’m a hell of a lot more important when I go to Washington.”
A main component of his plan is the installation of thousands of wind turbines through the central corridor of the United States, harnessing what has been called the “Saudi Arabia of wind” to provide what Pickens estimates to be 20 percent of the nation’s electricity supply. To make it work, transmission lines must be constructed to move that power east and west. And according to his vision, domestic natural gas currently used to fire power plants can be utilized as a transportation fuel instead.