Oil magnate to present energy plan at Dole

Thursday, April 2, 2009

T. Boone Pickens will discuss a nationwide sustainable energy plan, commonly referred to as the Pickens Plan, in a town hall meeting at 4:30 p.m. on April 8 in the Dole Institute of Politics’ main conference room. The program is free and open to the public and will include time for questions.

Cori Ast, communications and event coordinator for the Dole Institute and December 2008 graduate, said Pickens devised the plan because he was outraged with Americans’ dependency on foreign oil. According to a news release from the Dole Institute, the plan proposes using the domestic supply of natural gas as transportation fuel, harnessing wind and solar power, increasing incentives for household energy-saving alternatives, and creating a national electrical grid.

“It’s interesting the type of political influence one man can have,” Ast said. “The Pickens plan presents one answer to the U.S. energy crisis; it’s a market-driven strategy.”

Pickens is the founder and chairman of BP Capital Management, a financial firm that manages some of the nation’s most successful energy-oriented investment funds.

U.S Senator Sam Brownback will introduce Pickens at the meeting.

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