Here are some potential pros and cons of the Pickens Plan:
Pros:
- It aims to reduce dependence on foreign oil by increasing use of domestic natural gas resources. This could boost energy security and the domestic energy industry.
- Natural gas produces fewer greenhouse gas emissions than oil or coal when used for electricity generation or transportation. This could help address climate change issues.
- Money saved from reduced oil imports could boost the economy if redirected to other economic sectors.
Cons:
- Increased natural gas production and transportation could pose environmental and health risks from drilling and hydraulic fracturing operations. Proper regulation would be needed.
- Building out natural gas infrastructure like pipelines would require large capital investments and could face local opposition