Monthly Oil Numbers

Barrels of Oil Imported by the U.S.
284 Million
in April 2014

% Imported from Foreign Countries
51%
in April 2014

Money Sent Overseas
$30.6 Billion
in April 2014


BooneCam

Make your voice heard on critical energy issues

This week, T. Boone Pickens participated in a discussion about oil and natural gas prices and availability with ABC News' Rebecca Jarvis at The Concordia Summit. He pointed out that the US has the cheapest energy in the world – about a quarter of world price on natural gas, $10-$15 per barrel cheaper on oil, and Americans only pay about half the world price for gasoline.



Pickens said the main reason is the U.S. was producing only 4.5 millions of barrels of oil per day in 1970 (when we became so dependent on OPEC for our oil). Today we have doubled production to 9 million barrels per day. We are just behind Saudi Arabia and Russia in oil production and we lead the world in natural gas production.



"Our technology has absolutely changed the world," he said.





With the mid-term elections coming up, this is your chance to make your voice heard on critical energy issues. Click here to email candidates running for governor and the state legislature in the upcoming election.

DailyPickens

Oct 15 2014

Saudi Prince Says Falling Oil Prices a Catastrophe

Oct 15, 2014

The global oil glut has got OPEC worried. Since June, the price of North Sea Brent has fallen more than 20 percent, and the International Energy Agency has cut its full-year oil-demand growth forecast to the lowest level in five years.

Now, with global oil prices testing a four-year low, one of the world’s wealthiest individuals, Prince Alwaleed bin Talal, has launched an extraordinary attack on his country’s oil minister for not stabilizing prices by reining in production numbers. Saudi Arabia is the world’s largest oil producer and, by virtue of that fact, the most powerful voice within OPEC.

According to The Telegraph, the prince posted an open letter at his personal website addressed to the kingdom’s highly respected 79-year-old oil minister, Ali bin Ibrahim Al-Naimi.

Read more HERE.

 

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Oct 13 2014

Energy Imports Fall to Lowest Level in 29 Years

Oct 13, 2014

According to the U.S. Energy Information Administration, 2014 has proven to be a banner year for energy security.

Last week, the federal agency announced that total U.S. net imports of energy as a share of energy consumption fell to their lowest level in 29 years for the first six months of 2014.

Total energy consumption in the first six months of 2014 was 3% above consumption during the first six months of 2013, but consumption growth was outpaced by increases in total energy production. These changes led to a 17% reduction in net imports compared with the first six months of 2013.

Read more HERE.

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