What Does Pickens Think About Obama’s Energy Team Appointments?
By David Feldman at 22 December, 2008, 1:54 pm
Without a doubt, the energy sector is going to be a hot topic for discussion and governmental development for the next presidency. But what does one of the leading energy moguls, T. Boone Pickens think about the team President-elect Obama has chosen to lead the nation?
If you have even glanced through the ‘Picken’s Plan‘, you know that it consists mainly of America moving away from its dependence on foreign oil and focusing on developing renewable energy resources. Therefore you should not be surprised that Pickens is extremely satisfied with the President-elect’s choices. Below is Pickens’ full response to the Obama energy sector appointees.
“The nominations of Dr. Steven Chu and Carol Browner are excellent signals that the new Administration is going to be very serious about developing a national energy policy which is strong on alternative fuels, on using domestic resources and on conservation. In fact, the Pickens Plan – which calls for building our wind and solar capacity to produce electricity thus freeing natural gas to be used for heavy trucks, buses and fleet vehicles — is the bridge between our dependence on foreign oil today and the exciting carbon-neutral solutions that Dr. Chu is developing, which will hopefully satisfy the global need for energy 15 – 20 years out.”
He continued, “I recently met with Carol Browner in her capacity as the head of the energy transition team for the President-elect and was impressed by her understanding and appreciation of the energy crisis facing America today, importing 70% of our oil poses a significant threat to our economy and security. We also discussed how the Pickens Plan will provide 138,000 jobs in the first year and up to five million jobs over the next ten years, bringing employment to areas of the country that are in most need of economic relief.”
One still hot area of activity in reverse mergers is alternative energy. Watch for this sector to get hotter or at least stay hot under “no drama” Obama.
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