T. Boone Pickens + Israeli Hi-Tech= Natural Gas Powered Vehicles
Written by: Aaron Katsman | February 11, 2009
A lot of attention has been paid to Shai Agassi and his Project Better Place, where he is developing electric cars. Governments are throwing money at his project as if it was going out of style. Environmentalists love anything that doesn’t involve fossil fuels. Of course we have not heard the other side. Price of the cars, the need to have battery stations all over the place and perhaps the most important issue, the creation of mobile electro-magnetic fields which may prove to increase rates of cancer, are all issues that need to be addressed.
That’s why I think that Israel needs to capitalize on the recent massive natural gas discovery, to create cutting edge technologies for natural gas powered cars. After all, none other than T. Boone Pickens himself has called for the US to use its massive natural gas reserves to move from gasoline to natural gas powered cars. Natural gas is cheaper, burns cleaner than crude and is abundant in the US and in Canada, which will help the US not be so dependent on foreign oil. Didn’t that used to be a big issue?
Last summer Pickens announced his own energy plan. It called for a move to wind power( okay so everyone misses the boat sometimes!) and natural gas powered vehicles. My thought is that Pickens has the money to invest and Israel has the superior ingenuity to develop cheap and innovative technologies for the world to move to natural gas cars. With Israel sitting on huge supplies of natural gas, this wouldn’t just be an export business, but rather would be implemented locally as well, which will help wean Israel off of crude, which may be helpful in terms of national security. it will also be a boon to the Israeli economy. Pickens and Israeli hi-tech. Sounds like a match made in heaven.
Pickens is a financial wizard, and if he smells a big opportunity to make money he will invest in it. It’;s time for israel entrepeneurs to step up to the plate and start creating technology to allow for the move to natural gas.
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