Right, he's what 80 yrs old if I were him I'd want to invest billions so I could make millions. It seems he intends to build with or without a PTC. His concern with the PTC is not just for himself but for other investors to get involved in projects so we don't go bankrupt buying foreign oil.
He seems to think we have reached peak oil in 2005. The U.S.A. Has recently cut back by 500,000 thousand barrels a day which the Chinese have picked up. As we conserve the Chinese thirst grows.
He's attempting to offer a clean solution, from the plan;
According to the California Energy Commission, critical greenhouse gas emissions from natural gas are 23% lower than diesel and 30% lower than gasoline.
Natural gas vehicles (NGV) are already available and combine top performance with low emissions. The natural gas Honda Civic GX is rated as the cleanest production vehicle in the world.
According to NGVAmerica, there are more than 7 million NGVs in use worldwide, but only 150,000 of those are in the United States.
The EPA estimates that vehicles on the road account for 60% of carbon monoxide pollution and around one-third of hydrocarbon and nitrogen oxide emissions in the United States. As federal and state emissions laws become more stringent, many requirements will be unattainable with conventionally fueled vehicles.
Since natural gas is significantly cleaner than petroleum, NGVs are increasing in popularity. The Ports of Los Angeles and Long Beach recently announced that 16,800 old diesel trucks will be replaced, and half of the new vehicles will run on alternatives such as natural gas.
If drilling will buy us time natural gas will buy us time. It's not the only answer just a part.