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The Pickens Plan:
How Individual Investors Can Make a Fortune...
in the World's New Energy Paradigm
November 21st, 2009
From legendary oilman and billionaire T. Boone Pickens:
"America is in a hole and it's getting deeper every day. We import 70% of our oil at a cost of $700 billion a year - four times the annual cost of the Iraq war."
"I've been an oil man all my life, but this is one emergency we can't drill our way out of. But if we create a new renewable energy network, we can break our addiction to foreign oil."
So, what is one of the world's richest oil men doing about it?
The "Oracle of Oil" has unleashed a $58 million public relations blitz focused on persuading Americans to reduce their dependence on foreign oil by turning increasingly to wind power and natural gas.
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.
Meantime, he's pouring billions of his own money into each of those profitable sectors. In fact, he's spending $12 billion on what could prove to be the world's biggest wind farm--in Texas.
Another of his ventures, Clean Energy Fuels, is the foremost company in one of the world's fastest-rising industries: building and operating natural gas fueling stations for vehicles.
But that's just the beginning of the story behind wind and natural gas.
With over 50 countries now installing wind turbines, investment in wind energy climbed to $50.2 billion last year. And hundreds of corporate and governmental fleets are converting to vehicles that run on natural gas.
At Green Chip Stocks, we're tracking the best of these companies to secure early profits for our subscribers.
Green Chip Stocks Editor Jeff Siegel, featured on CNBC's Green Week _____________________
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