: "Billionaire T. Boone Pickens expects to know within 100 days of Barack Obama taking over as president in January whether the U.S. government is going to adopt part of his ambitious and controversial energy plan.
The plan calls for an eventual overhaul of the power grid and Pickens is also betting on huge growth in wind power. But he said, as a start, the United States can move toward using natural gas in trucks as well as more renewable power.
"I think both of those will be accepted in the first 100 days of this next administration," Pickens told industry players at the annual EEI Financial Conference on Tuesday.
"I haven't been told that this is the way it's going to unfold," he said, but he saw Obama's plan to stop importing oil from the Middle East within 10 years as an indication that he favored his plan.
"I think it can be done, but you're going to have to do it with natural gas," added Pickens, who made his fortune in the energy business.
Pickens said he hoped Obama's goal would not turn out to be like President Richard Nixon's prediction in 1970, when the United States imported a quarter of its oil, that the country would no longer buy any from abroad by the end of that decade.
The United States now imports 70 percent of the oil it consumes, and Pickens said that share would rise to three-quarters and that a barrel of crude would cost $300 within a decade if the country did not adopt some sort of energy policy......."