My friends over at the National Center for Public Policy Research have put together a generally superb summary of the shortcomings of the Pickens Plan. The report says that the plan raises several questions:

Has oil production finally and irrevocably peaked, as Pickens claims? Why use wind power instead of nuclear power? Are natural gas-powered vehicles a viable alternative to gasoline-powered cars, and would switching to them improve America’s security? What does Pickens believe the federal government should do to make his plan a reality? Might he or the firms he owns benefit financially from such federal aid?

Free-market conservatives may not be impressed with the answers Pickens seems to favor.