Business, 17.06.2021 14:00 eva4548

(A) Oilman Boone Pickins has proposed a plan to build wind farms in the center of the United States to produce about 20 percent of the electricity consumed in the United States to replace that same percentage of electricity currently produced by natural gas. The natural gas saved would be used to replace gasoline to run cars and light trucks. According to Pickins, oil imports could be reduced by one-third. The United States currently uses about 25 percent of global oil production Explain how Pickins's plan would affect the global price of oil if it were to be successfully implemented.

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