GREEN
08/02/2008 05:12 am ET | Updated May 25, 2011

Pickens And Wind Energy: Can It Be Done? What's The Cost?

T. Boone Pickens, the billionaire oilman, has been hitting the airwaves, pitching a plan to use wind to replace all the natural gas that's used to produce electricity, then using that saved natural gas to fuel cars.

In addition to weaning the nation from foreign oil, Pickens' plan is not entirely altruistic. He's investing hundreds of millions of dollars on a giant wind farm in the Texas panhandle, and his hedge fund, BP Capital, is said to own stakes in several companies that equip cars to run on natural gas. If his energy efforts pan out, he could get even richer in the process.

Then there's Al Gore. The former U.S. vice president and Nobel Prize winner said last week that electricity generation should be completely fossil-fuel free in 10 years.

The question is, are these plans realistic or just dreams?

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