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The Wall Street Journal may not like T. Boone Pickens' clean energy plan, but it has a lot of merit. What Pickens sees -- and the WSJ ignores -- is that our oil-driven global economy is stretched to the limit and is likely not sustainable.

A telling indicator is an enormous oil-extraction project in Alberta, Canada -- an enormous energy-intensive, financially questionable undertaking that oil companies are now treating as the next great oil bonanza.