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Pass the Boone Pickens Bill - NYTimes.com - 0 views

www.nytimes.com/...12nocera.html

boone pickens nytimes.com energy natural gas oil

shared by Chai Reddy on 13 Apr 11 - No Cached

an actual bipartisan piece of legislation — its official title is the New Alternative Transportation to Give Americans Solutions Act, or the Nat Gas Act, for short. People in the know, however, call it the Boone Pickens bill
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that the country’s energy salvation depends on moving away from the fuel we don’t have — namely, oil, where imports, some of which come “from our enemies” (to quote Boone), account for two-thirds of our oil needs. Instead, we should move to a fuel we have in abundance: natural gas.
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Boone’s convinced that modern drilling techniques will allow us to find enough for several centuries.
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The Pickens plan calls for increased use of wind, solar, nuclear, even coal. ”I’m for anything that’s American,” he said.
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The Pickens bill creates tax incentives — $1 billion a year for five years — to encourage manufacturers to begin building heavy-duty trucks that will be powered by natural gas instead of diesel. It also gives some tax incentives to truck-stop owners who install natural gas filling stations to help create the infrastructure
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Of the 20 million barrels of oil we use each day, 70 percent goes for transportation fuel. The 8 million heavy-duty trucks on the road today account for 23 percent of that fuel. Although the tax incentives in the Pickens bill would be enough to cover only about 140,000 new trucks, he hopes that it will catapult the industry toward natural gas even without the subsidies.
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Natural gas is cheaper than oil. It’s cleaner.
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