All eyes have been on the Senate’s budget wrangling which has allowed some interesting things to slip under the radar that may otherwise have received more cameras and klieg lights. Majority leader Harry Reid of Nevada recently convened a clean energy summit in DC, inviting such political luminaries as Bill Clinton and Al Gore as well as words of wisdom from noted oil wildman T. Boone Pickens to discuss how to prepare America’s future as a sustainable energy producer. Most conversation has been focused on revamping the country’s electrical grid by renaming it a smart grid which is currently ill-equipped for handling wattage loads from wind and solar farms which factor largely into the overall scheme of things. However, Pickens takes things a step further as he pounds the pulpit pushing for natural gas to be diverted from electrical production to transportation.
California voters might recall Pickens backing Proposition 10, the Alternative Fuel Vehicles and Renewable Energy Bonds measure which proposed to fund rebates for the purchase of high-efficiency or alternative fuel vehicles, the latter being code for cars running on natural gas. There was also money dedicated to researching renewable energy solutions, but the crux of the initiative was to encourage the purchase of cars which would require natural gas to run. Pickens, it so happens, owns a large chain of natural gas stations called Clean Energy which explained why a Texas oil tycoon who achieved wealth through aggressive company purchases in the 1980’s would be shelling out massive amounts of cash to pass a proposition in another state. Voters rejected this by about a 60-40 margin. (more…)