Gore's plan is expected to cost between $1.5 trillion and $3 trillion and involves investment in wind, solar and geothermal energy, energy efficiency and a national power grid. He also wants to retain energy production from nuclear and hydroelectric power plants, and invest in technology to store and capture carbon dioxide from coal and gas.
The “Pickens Plan,” calls for a massive switch to natural gas as a transportation fuel and a dramatic increase in wind power. Pickens says his $300 billion plan will reduce the amount of imported oil by more than a third in the next decade.
Pickens, a Texas oilman, is funding his own ad campaign and has commercials running on TV already. Gore has the backing of the “We Campaign,” a $300 million effort launched earlier.
On NBC’s “Meet the Press” this weekend, Gore said he disagrees with Pickens that natural gas should be the dominant transportation fuel, advocating for electric cars instead. Pickens, however, has said Gore’s plan doesn’t do enough address the nation’s dependence on oil imports.
above via Reuters
There is much these men agree on and both plans stand in stark opposition to President Bush’s recent move to increase domestic oil production by lifting the ban on oil drilling along most U.S. coastal states.