Another prediction: Pickens -- who said he's been conferring with Sen. John Kerry (D.-Mass.) and Sen. Lindsey Graham (R.-South Carolina) -- expects to see a federal natural gas bill passed by Memorial Day.
That alone, he said, will justify the roughly $62 million he's spent promoting his alternative energy cause. "I have people ask me if I got my money's worth," Pickens said. "The legislation will be the proof."
"We've had no energy plan for 40 years," he added emphatically. "So, get a plan!"
According to the proposed legislation, the New Alternative Transportation to Give Americans Solutions Act of 2009, the internal revenue code would be amended to allow for tax credits for the use of natural gas.
Pickens has long trumpeted the idea that the U.S. should utilize its abundant reserves of natural gas, rather than become increasingly dependent on foreign oil.
As I understand it, we've got two main new usage sources of NG. One is electricity production. The other is fueling the commercial fleet. Fueling non-commercial vehicles-consumer cars and trucks still seems to be a stretch to me. The nice thing about the commercial fleet is that you can build out the refueling infrastructure with less expense. You can have a central refueling depot for big city fleets like busses and along the interstate refueling for trucks.