Billionaire Pickens on high gas price solution…we just referred to Boone Pickens yesterday interviewed on Good Morning America talking about solutions to our high gas crisis…Here’s more info…
NEW YORK, July 8 (Reuters) - Texas energy tycoon T. Boone
Pickens on Tuesday called for a massive switch to natural gas
as a transportation fuel and a boost in wind power in a plan
aimed at reducing U.S. foreign oil dependence by a more than a
third. |
The Pickens Plan, which includes exploiting domestic
natural gas supplies in new areas like East Texas and
Appalachia, could replace 38 percent of U.S. oil imports, he
said. |
“U.S. natural gas can replace foreign oil. It’s the only
natural resource we have that can do that,” Pickens said during
a press event for his energy plan. |
The 10-year plan would reduce the annual U.S. oil import
bill of $700 billion, at oil prices of $140 a barrel, by
hundreds of billions of dollars, he said. The country imports
about 70 percent of its crude. |
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