Pickens on The Daily Show: natural gas is the way?

After watching T. Boone Pickens on The Daily Show last night, I would like to learn more about the Pickens energy plan. From what I can gather watching the interview, Pickens wants the U.S. to shift to consuming natural gas produced in the United States, which he says is owned in great supply by the US. Pickens argued that electric hybrid technology is a good thing for passenger cars, but inadequate for large trucks. Does his plan make sense? What are the greenhouse gas implications of his plan?

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