T. Boone Pickens, BP Capital Management, discusses his 6-year energy plan. If you really want to help the economy go ahead and press for the use of our natural gas here, says Pickens.
T. Boone Pickens: US Energy Independence ‘In Sight’
Transcript
well, boone, let’s talk about where we are today as a nation. what’s happened with our own energy production. where do you think we’re headed from here? and just the idea of reaching u.s. independence from opec. is it still a possibility? oh, it’s in sight. it is in sight. if we just, you know, if you go back six years ago, i said you’re going to have all this gas, you remember that? i do. and now we’re now number one in the world in gas. and then we were third. we were about sixth or seventh in oil, and now we’re third in oil. so we’re number one in gas. third in oil and moving on up. so, i’m not kidding you, the industry should hats off to the oil and gas industry in america because they provided jobs and oil. i’ll get off that subject but they do need a — they’ve done a good job no kidding. but here we are, sure, we can get off opec oil. we’re down to 4 million barrels a day of opec oil — from what? at one time we were over seven. so we have come down to four, and we can knock that out within the next three years. all you have to do is switch natural gas over to the heavy duty trucks and that will take you out 3 million barrels. boone, the private sector is a beautiful thing the way it’s done this because you said no one saw it, no one knew about it. somehow it happens, and the capital flows downhill where all this happens. do you think if let’s say the obama administration had — and there’s not renewables. we all love renewables, i understand that. we want to do that. we want to do solar. we want to do everything we can to have a huge portfolio of energy. but what if they had been on board all along, where would we be? because this is where we are without any help, really. okay. if they’d gone with me six years ago you figure you could have
H/T Dataroma.com
