Opinions
We're "the Saudi Arabia of wind," he argues. We need to "overcome our addiction to foreign oil," by harnessing wind to replace natural gas in electricity generation, and using that gas to power more cars and buses. If Congress would simply "mandate the formation" of wind and solar corridors," provide eminent domain authority to seize rights-of-way for transmission lines, and "renew the subsidies" for this energy, America can make the switch in a decade, he insists.
Pickens' $58-million media pitch makes good ad copy, especially in league with Senator Harry Reid's absurd claim that oil and coal "make us sick." However, his policy prescriptions would bring new energy, economic, legal and environmental problems - and a price tag of over $1.2 trillion.
Hydrocarbon fuels built modern America, gave us the technologies and living standards we enjoy today, helped us eradicate diseases that plagued earlier generations, and boosted US life expectancy from 50 in 1900 to nearly 80 today. They still provide 85 percent of our total energy, and we could greatly reduce our reliance on oil imports if we would simply end the outrageous policies that keep our nation's abundant energy resources locked up.
We have enough oil, natural gas, oil shale, coal and uranium to provide power for centuries. We have a growing consensus that we need to drill, onshore and off. But partisan intransigence and ridiculous environmental claims prevent us from utilizing these American resources.
Wind contributes more every year to our energy mix. But it still provides only 1 percent of our electricity - compared to 49 percent for coal, 22 percent for natural gas, 19 percent for nuclear and 7 percent for hydroelectric. Moreover, we will need 135 gigawatts of new electricity generation by 2020, but only 57 GW are planned.
We can and should harness the wind. But 22 percent by 2020 is far-fetched.
Wind power is intermittent, unreliable and expensive (even with subsidies). Many modern turbines are 400 feet tall and carry 130-foot, 7-ton, bird-slicing blades. They operate at only 20-30 percent of rated capacity - compared to 85 percent for coal, gas and nuclear plants - and provide little power during summer daytime hours, when air-conditioning demand is highest, but winds are at low ebb.
Using wind to replace all gas-fired power plants would require over 300,000 1.5-MW turbines, covering Midwestern "wind belt" agricultural and wildlife acreage equivalent to South Carolina.
Building and installing these turbines requires 5 to 10 times more steel and concrete than is needed to build far more reliable coal or nuclear plants to generate the same amount of electricity, says Berkeley engineer Per Peterson. Add in steel and cement needed to build transmission lines from distant wind farms to urban consumers, and the costs multiply.
It also means many more quarries, mines, cement plants and steel mills to supply those materials. But radical greens oppose such facilities. So the Pickens proposal would mean letting existing power plants rust, and importing steel and cement, instead of oil.
Since adequate wind is available only 3-8 hours a day, we would also need expensive gas-fired generating plants that mostly run at idle, kicking in whenever the wind dies down. That means still more money, cement and steel - and still higher electricity prices.
A successful speculator and corporate raider, who critics say never actually found oil, Pickens has large natural gas holdings that position him to make billions from selling gas for backup electricity generation - especially if drilling bans remain in effect, keeping gas prices in the stratosphere. Launching the enterprise with the backing of federal mandates and subsidies minimizes his financial risk and attracts semi-free-market investors, by putting the risks for his scheme on the backs of taxpayers. A $58-million ad campaign could pay 100:1.
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