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| T. Boone Pickens Offers a Short-term Fix for Oil Imports |
| Written by John Fisher |
| Tuesday, 09 September 2008 20:17 |
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Oil billionaire T. Boone Pickens is spending 58 million dollars to advertise his energy plan on television. Although the plan has its critics, it’s pretty simple – and maybe workable.
This nation still has more coal than any other country. Unfortunately, we are increasingly selling it abroad rather than using it here at home. In March, the New York Times reported that "rising worldwide demand is turning American coal into another hot global commodity, with domestic buyers having to compete with buyers from countries like Germany and Japan." According to the Times, it is expected that 7 to 8 percent of U.S. coal produced this year will be shipped overseas. In 2006, U.S. coal exports totalled 49 million tons. Last year that number rose to 59 million. In the coming years, U.S. coal exports are expected to reach upwards of 120 million tons, making American coal a key fuel in worldwide energy generation. Because coal represents a more concentrated source of stored energy than does wind power, and because it is a readily available domestic fuel, it makes more sense to increase our use of coal for power generation here at home than it does to build ugly and dangerous wind farms and ship our coal to Germany, Japan or China.
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