Good intentions

Although T. Boone Pickens' plan is noble, it has one very major flaw - supply and demand. This has been a major concern of mine ever since he started touting his "brilliant" plan. Steven Milloy from Junkscience.com says:

Moving past the personal expense and inconvenience, the broader implications of natural-gas cars are worrisome.

The U.S. currently uses about 23 trillion cubic feet of natural gas per year. Like all commodities, the price of natural gas is supply-and-demand dependent.

Switching just 10 percent of the U.S. car fleet to natural gas would dramatically increase our consumption of natural gas by about 8 percent (1.9 trillion cubic feet) -- an amount that is slightly less than one-half of all current residential natural gas usage and one-quarter of all industrial usage.

The price ramifications of such a demand spike would likely be significant. The current cost advantage of natural gas over gasoline could easily be reversed. Our move toward energy independence could also be compromised.

Domestic production of natural gas has not kept pace with rapidly increasing demand. Consequently, about 15 percent of our natural gas must now be imported.

It's good to be independent, but wouldn't this just delay longer what's going on with oil?

By the way, this guy needs to read Clark's blog about what's going on.

P.S. I hope they read this!