Obama Fueling the Shift to PHEVs

David Fessler introduces Seeking Alpha readers to the concept of plug-in hybrid electric vehicles or PHEVs.

Published: 07-Feb-2009

Several weeks ago, I wrote here about how I believe natural gas makes sense as a bridging strategy to get us from oil over to electric as a source of energy to move us around. You can read my article here.

Of course, the most vocal proponent of this has been T. Boone Pickens, with his “Pickens Plan”. Many have argued Pickens is only pushing the plan as a means for personal gain. I don’t believe it, for several reasons:

First, Pickens isn’t hurting financially. Quite the opposite: he has made a fortune in the oil business, and his personal net worth is estimated at around $3 billion. He’s donated over $400 million dollars to Oklahoma State University where he is an alumnus.

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