Here’s a quick update on another success. Thanks to your help, the National Conference of Weights & Measures decided this week that natural gas as a transportation fuel won’t be dispensed and measured to be sold by the kilogram. Government types who want to sell natural gas like that clearly don’t want to get off OPEC oil as much as you and I do.
Can you imagine a trucker somewhere in the U.S. pulling into a truck stop and saying, “I’ll have two kilos of your best CNG.”
This vote was another victory in our continuing campaign to get America the energy plan it deserves, and it couldn’t have happened without your help.
Analysts were predicting that the summer of 2014 would see the perfect storm, a collision of geopolitics and climactic conditions that would send energy prices through the roof.
Yet The Wall Street Journal is reporting that domestic energy prices are holding steady and even dropping, thanks in large measure to an increase in North American energy production.
A frigid winter had depleted natural-gas inventories, raising questions about whether producers could replace those stockpiles before temperatures drop again. Escalating violence in Iraq had some money managers worried that fighting would disrupt the country’s oil exports.
The steady rise of North American oil-and-gas production has diminished those threats, calming energy markets to a degree that investors and analysts say would have been hard to imagine even five years ago. U.S. gas producers are refilling storage at a record pace, including a bigger-than-expected increase to inventories in government data released Thursday. Iraqi oil shipments have continued unimpeded.
Read more HERE.
We celebrated the 6th anniversary of the Pickens Plan yesterday. Boone spent the day in New York talking about the initiative with appearances on the CBS Morning Show and with Neil Cavuto on Fox Business. Highlights of both segments follow:
CBS This Morning
FOX Business with Neil Cavuto
Also, Boone took the opportunity to release five new energy principles that he believes will be useful in helping voters express their views on energy in the upcoming election. His interview with CBS News summarizes those points well.