In a speech at the University of Texas at Dallas, T. Boone Pickens says that we have enough natural gas to last for about 30 years before it dries up. We'll need to find another solution like fuel cells or battery. It doesn't have to be bad news for companies in the natural gas business. Instead, they can use the information to start looking for other solutions that will be available before 30 years pass.
Look at it as an opportunity to explore another area and to innovate. Natural gas provides a good solution to get away from oil and its increasing prices. He believes we'll see oil prices go up to $300 a barrel in the next decade—unless we lower demand and dependency on oil.
The geologist pumped millions of his own cash to put together the Pickens Plan in an attempt to divert Americans from relying on foreign oil. He asks that we build wind generation facilities to generate 20 percent of America's electricity. This approach will create new jobs, benefit the environment and improve energy efficiency.