Pickens' Natural Gas Nonsense

"Get this one," says billionaire T. Boone Pickens in his latest TV ad, "Iran is changing its cars to natural gas and we're not doing a thing here. They're doing this to use less oil and sell it for $120 a barrel. We can switch our cars to natural gas and stop sending our dollars to foreign countries." Readers of this column know better than to take at face value the marketing of the so-called "Pickens Plan." So what's the full story behind Iran's move, and what would be the impact of switching our cars to natural gas? Although Iran...

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