billionaire energy investor by the name of t-bone pickens hide-and-seek pickens
used to be in oil man but now he has shifted his focus to renewable energy
that's what is the entire business is centered on uh... and he basically says
that the biggest deterrent to an energy plant here in america
article brothers which i think most environmentalists in mostar democrats
would agree with how indeed it was pretty stunning
slammer against that kind of thing i was thinking of it is a billionaire contour
cage match
because here you got you know while on the one hand you got to cut brothers you
know the second richest man in america i believe you
are deeply invested in their and clerk
oil and chemical businesses here they are most of the pipeline refineries all
of that they have their little hands and all of that and then you got even pecans
on the other side
to as he said he's to be an arm and that now has
taken most of his money
and really bet heavily on women
and natural gas vehicles like trucks is the one that printed put put forth the
idea
we could transition america's truck delivery
fleet international gas which would save a lot of money
and also make a lot of money pretty good
now use bt yahoo news and i think that he
an an an
and then the fertilizer business and they're the chemical business so their
margins are huge and they do not like newt to have energy plan because if you
had a plan the natural gas prices would come up
and he's he's absolutely right about that for him to have the idea that we
have this uh... incredible bloom right now in the very controversial drilling
technique of hydraulic fracturing her cracking for short
in that something that has been a news lately as more and more homeowners are
realizing that they're are
there's scientific evidence that
natural gas drilling in the former frackie nc and actually contaminate the
water so that's an issue but it has created this huge brown
this huge brown has not created a natural gas intellect
throughout the united states and caused the price to drop i think it's like
ninety percent over the last ten years or so
and that's been great for companies that use natural gas as they are supplied
because that means of supply chain is cheaper
but not so great for folks like to even pickens who makes his money off of that
now let's talk about natural gas a little bit because i feel like
scientists right now are debating or at least trying to figure out whether or
not
until you can actually got side is more environmentally friendly then
mined for coal we don't have a life-cycle issue that we're talking
about right you know that overall in the past
studies at
young appear to make it look like when you do a satire life-cycle analysis from
the actual extraction
drew the distribution
through the actual use of in the burning of indian nations of these two different
types of fossil fuels colin atul gas not overall
the evidence appears to make it look like
natural gas has about half
the life-cycle emissions of coal
and that's really good at this point you know we cannot stop
using cola natural gas immediately we can do a cold stop but
we do need to dial back admissions gradually
if we're going to stay within twenty five but scientists say is two degrees
celsius of average global temperatures rising that will keep us sort of within
a and sort of a safe limit
go above beyond that that means we get into some
at potentially dangerous consequences so in order to get to that in order to
basically ramp down our missions without actually causing huge economic
destruction that's the switch over to natural gas and unfortunately as they do
more studies on this many more investigations and other finding that
natural gas may not actually be the great bridge that we're hoping for right
and a lot of that has to do with mac eight weeks yesterday yes they did the
drilling process a hydraulic fracturing for those who don't know
it's the injection into a well
uh... drilling well of millions of gallons of water fresh water which is an
issue inquest
uh... millions of gallons of fresh water
laced with toxic chemicals like benzene mckinney injected deep into the ground
under high pressure what this does is it fractures the rock and that causes the
gas that's embedded the national gas its abandon these rocks to be released
because back up the pipe the problem is that you get methane leakage at every
single stage of drilling process neck pain it is a greenhouse gas that's
thirty times more powerful it trapping the suns he and carbon dioxide its
wendy we have in just a little bit of math thing that's escaping during these
processes than actually can have a problem later ron with increasing your
mission success they actually kind
equals out over cold
man and that's the issue that we're looking at right now there's a new study
that just came out
took what the a_t_a_ head estimated at being you know a two point four percent
leakage of methane from the drilling process and i think you know i actually
maybe double that
they actually measured the air quality in colorado ground tracking sites
and this this can be a major issue in no way forward for trying to dial back if
we ever do get an
lined uh... national standard in order to start beginning and serious reduction
of our missions you know by going to work more sustainable world renewable
technologies
the great white hope of natural gas being the bridge
may not actually prove to be true and that and that becomes a very serious
issue
when we're trying to actually need these targets right when it comes to renewable
energy when it comes to wind powered solar power
do you see that as something and it's even pickens obviously sees that is
something that could be successful and
profitable in the future
what are your thoughts on that you know you have the republican party right now
criticizing the obama administration for what happened with salim trafford and
they will not let that go and they're doing whatever they can to basically
keep renewable energy when power solar power all of that uh... under the table
precedent of the right what's not allowed to be successful do you see this
as becoming a
breakthrough in the future yes by don't see how there can be anything other than
that i mean when you have as we talked about earlier the military making huge
investment and renewable technologies just for their own necessary means on
them and also
it's it's the fastest growing sector in the united states of jobs clean energy
jobs fastest growing sector it's it's a huge sector of the economy as well in
fact it weather the recession a lot more
a lot better than other other industries debt now
of course it is still in a situation renewable energies are where they need
that
government subsidies the taxpayer funding to help get from that research
past that valley of death of investment
to actual deployment and success
but what people don't really seemed to realize is that
people and industry gets a subsidized and coal industry get subsidized by the
taxpayer and write like four times the amount of real goals
these oil industry subsidies
are per minute they were established in assam is bar back as nineteen sixteen
whereas now we have to get the wind energy and the solar energy and the
geothermal energy subsidies and credits and other
you know industry support economic support that has to be reestablished by
congress every single year and it becomes quite a bargaining chip with the
combination of these things you can actually replace all of our fossil fuel
use with the dedicated africa to the problem is he actually have to try