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"This is not about Republicans vs. Democrats," Pickens says. "This is about saving our country from the ruination of spending $700 billion a year on oil imports. Ninety days after the oil hits our shores, it's all burned up, and we've got nothing to show for it. But they (foreign oil producers) still have our money. It's killing our economy."
Texas oilman T. Boone Pickens wants to supplant oil with wind
By Dan Reed, USA TODAY SWEETWATER, Texas — Get ready, America, T. Boone Pickens is coming to your living room.
The legendary Texas oilman, corporate raider, shareholder-rights crusader, philanthropist and deep-pocketed moneyman for conservative politicians and causes, wants to drive the USA's political and economic agenda.
"We're paying $700 billion a year for foreign oil. It's breaking us as a nation, and I want to elevate that question to the presidential debate, to make it the No. 1 issue of the campaign this year," Pickens says.
Today, Pickens will take the wraps off what he's calling the Pickens Plan for cutting the USA's demand for foreign oil by more than a third in less than a decade. To promote it, he is bankrolling what his aides say will be the biggest public policy ad campaign ever. The website, www.pickensplan.com, goes live today.
when T Boone is NOT telling US to drill for more domestic oil? there's a reason.
Pickens foresees as many as a third of the vehicles running on natural gas within only a few years. Julius Pretterebner, director of the Global Oil Group at Cambridge Energy Research Associates, says getting 15% to 20% of the USA's cars to run on natural gas — in some cases, in mixtures with other fuels in dual-fuel vehicles — by 2020 would be an outstanding achievement, and doing that will require federal support to expand the necessary infrastructure.
Critics could easily accuse Pickens of advocating a major new public policy initiative that will line his own pockets. He is, after all, a big player in both the wind power and natural gas businesses. Pickens says that while his hedge fund will earn money for its investors, earning more money personally is meaningless: "I'm 80 years old and have $4 billion. I don't need any more money."
-------------------- It's never a good idea to change horses on the way to the apocalypse. Posts: 27105 | From: USA | Registered: Sep 2003
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Smart man after you buy oil and use it its gone and so is your money and you have made the world a warmer place
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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the real point here is that this is one emergency we can't drill our way out of... all the oil people know this.
if you ask me? his real goal here is to force the stupid politicians on both side of the aisle to stop acting like kindergarteners and grow up.
-------------------- It's never a good idea to change horses on the way to the apocalypse. Posts: 27105 | From: USA | Registered: Sep 2003
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