Thursday, October 16, 2008

Cramer keeps pumping Pickens Plan

Still on the Picken's bandwagon

Watched Jim Cramer interview Boone Pickens on Mad Money today. Cramer has become a huge supporter of the Picken's Plan, and both men seem to truly believe that the Pickens Plan wouldn't just end foreign oil dependency, but create a lot of new jobs here in the US.

Building up the wind corridor from Texas to North Dakota wouldn't just create enough electricity to account for 20 percent of total US electricity consumption, it would also create a lot of jobs.

Likewise, the solar corridor, from Texas to California would also create electricity and jobs, while pumping the kind of investment into solar that can truly make it cost effective. Once that happens solar power could offer far more potential than the government verified potential of wind power.

Clean coal? Pickens and Cramer called clean coal an oxymoron.

Nuclear? It will take too long according to Pickens.

The Pickens Plan. What do you think?

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