Mr Boone’s oil plan is interesting, but benefits him completely. His plan is basically centered around Nat. Gas and Wind.
1. The incease use of Nat Gas for automobiles would benefit CLNE (He is a major holder).
2. He is building the biggest wind farm in the nation in Texas.
Frankly I am surprised none of the media outlets have not questioned him on it. But what he also fails to mention, or purposely leaves out, is the use of the Smart Grid and batteries.
The automotive world will see a transition, and it is obviously seeing it. The transition will come with electric cars. There are batteries in play that can handle this, due to new developments in the battery space, and companies ready to take advantage. (article)
The energy use in this country is shifting. We will primarily be using our own natural resouces and multiple alternative energies, and (IMO) transitioning from a carbon fuel base to a more electric fuel base society. Over the years we should see a significant decline in our account deficit, and the dollar strengthen significantly from this transition. But the economic factors all depend on how quickly we transition our primary fuel base. In order to transition, the Grid needs to be upgraded, and to be made more efficient to handle the extra electricity. No question it will be a long journey, how long depends on gov. incentives.
The tide has already shifted… its a matter of ‘how long’. (Exxon selling their entire retail unit, imo, is the biggest indicator of the transition.)
I’m not going to argue with you that T. Boone is making a sales pitch that promotes his personal investments, but that does not mean he’s completely wrong.
Yes, PHEV and EV’s are the future, but nat gas is a good short term solution for existing cars and cars already in the mfgr pipeline. Nat gas provides a transport fuel that keeps BILLIONS of dollars in our economy as we transition to electricity as the primary transport fuel.
You cannot rapidly replace all cars on the road with PHEV’s and EV’s; you can’t rapidly produce enough batteries to fill the demand pipeling for affordable long range ev’s; for the balance of vehicles during transition — nat gas is an excellent solution.
I agree, and by no means was I calling him wrong. (I mean seriously who am I to call him wrong… the man’s knowledge of the energy sector will run laps and laps and laps around mine
)
I just didn’t want to neglect the longer-term trends getting started.