I just got an email from T Boone Pickens, Pickensplan.com, and thought I would share my experience of seeing him at a Fort Worth Chamber of Commerce luncheon. TBoone is serious about his plan and I do not believe his motivation is only financial. The event was the 25th anniversary of the "T" which is Fort Worth's Transportation authority that is pushing for a fleet of natural gas buses. T Boone told us all about his plan to end our dependence on foreign oil but the funny thing was that I never thought I would be eating chocolate cake and listening to a billionaire talk about windmills, gas conversion, and how no one will loan him any money to build those windmills. So he is focusing on natural gas conversion.
T Boone says 70% of our oil is imported and the only way to end this madness is to convert heavy duty trucks to natural gas. He estimates full conversion could take place in 4-5 years based life expectancy of current trucks. T Boone met with President Elect Obama and relates that Obama was proud to say that he wanted 1 million hybrid cars on the road within his term but the basic problem is there are 250 million cars on the road. The hybrid plan will not even make a dent and Obama did not have an answer to that.
He called ethanol an "ugly baby" which it is because we can not realistically use our food source to meet energy needs. The answer of course is natural gas and the room full of people with vested interest in this turned their ears forward. Fort Worth lies over the Barnett Shale one of the largest natural gas reserves in North America. Natural gas, according to Pickens, is the 2nd largest natural resourse in the US. If the Pickens Plan is implemted then Fort Worth real estate will certainly benefit.
It only makes sense because, "A battery will not move an 18 wheeler". Critics rarely have anything legitmate to say to T Boone because he simply asks them what their plan is and is met with silence. "If you do not have a plan then your plan is foreign oil." That makes sense. It particularly makes sense when you consider "foreign producers of oil are not our friends." Pickens is now 80 and may not see the finish line admittedly but hopes his grandkids will. To learn more about the Pickens Plan simply go to www.pickensplan.com
Alexander Chandler, ABR, GRI
Alexander Chandler Realty
817-806-4100
