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Profiting from the Pickens Plan: FAN, Clean Fuels, Fuel Systems

 Jul 25, 2008 08:04 PM UTC
Return Risk
-29.77% LOW
Tracked Blogger
Symbol Sentiment Start Return Closed
FSYS Negative 07/25/08 -28.91% --

Graphic_arrow1 Via Long Investment Ideas from Seeking Alpha:  

As many of you probably know, oil speculator extraordinaire T Boone Pickens has a plan, a plan to save the world from itself in the form of clean energy (well sorta, more on that later).  Mr. Pickens, I applaud you for your efforts and for stepping up at a time when government agrees to disagree on just about every issue including investments in green energy solutions.

The Pickens Plan was announced a few days ago and its aim is simple, at least on paper.  Decrease our dependence on foreign oil and do it now with the use of wind power and powering vehicles with natural gas, both of which Pickens claims is abundant in our backyard. Pickens calls the US "The Saudi Arabia of Wind Power" and bases that statement on the fact that studies from around the world show that the Great Plains states are home to the greatest wind energy potential in the world, with North Dakota having the potential to power more than a quarter of the country.  Will wind power be to North Dakota what oil has been to Dubai?  Uh, no ... but if Pickens has his way and the government cooperates, wind power barons might just replace the farmers of America.  Pickens says his plan won't interfere with farming and grazing, and that could certainly be possible but I can't imagine it will be all that easy logistically.   


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