T. Boone Pickens recently spoke with Brigitte Gabriel of Act for America for an episode of his podcast. Here are five key takeaways from their discussion.
Middle East oil funds terrorism. It’s that simple.
No one denies that ISIS, Al Qaeda, Al-Shabaab, and other terrorist organizations sell oil, steal oil, and get paid off in petrodollars. The only question is how many millions they take in each month.
Today’s War on Terrorism is a much different battle.
Terrorist organizations such as ISIS produce TV shows. They use social media to lure recruits. They’ve even hacked into the Pentagon. This requires time, training, and a lot of money. Want to guess where they get it?
America’s dependence on OPEC oil is part of the problem.
The CIA has long known that OPEC producers buy off terrorists by funneling money to terrorist organizations. Think about that the next time you fill up your tank.
Americans can’t change the Middle East.
U.S. troops spent a decade fighting in Afghanistan and Iraq. What did we get? Thousands of lives lost and trillions of dollars added to the national debt. And they’re still fighting each other just as they were before we arrived.
But we can change ourselves.
Over the last decade, we’ve cut our dependency on Middle East oil in half. Let’s end this dangerous addiction by converting the remaining 50 percent to American fuels such as domestic natural gas.
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I recently spoke with former Director of Central Intelligence, James Woolsey, for an episode of my podcast. Following are four key takeaways from our discussion.
OPEC won’t let the price of oil stay low for long.
Saudi Arabia is playing hardball with the rest of OPEC for the first time in decades. But that won’t last. Low prices hurt the Saudis as well – and they know it. When the Saudis think it’s time, prices will climb.
Want to contain rogue players like Russia, Iran, and Venezuela? Cheap oil is the best way.
Notice how quiet things are in Eastern Europe? That’s because Vladimir Putin depends on oil and gas for most of Russia’s export income. With the price of oil halved and the ruble in the tank, Russia is causing less trouble than it did last year.
America’s oil and gas industry is as creative as Silicon Valley.
Ten years ago, we thought the U.S. was running out of natural gas. Now, thanks to revolutionary innovation in energy development, America is the world’s leading energy producer. Maybe it’s time to give the oil and gas industry an ‘attaboy’.
If you want to do big things, growing up in Oklahoma is a good place to start.
I grew up in Holdenville, Oklahoma. It turns out Jim Woolsey is a Tulsa native. Must be something that makes Okies want to take on the world.
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Securing America’s Future Energy (SAFE) has announced the launch of online voting for its 2015 Energy Security Prize, awarding a total of $175,000 to companies whose innovations are poised to advance American energy security by helping to end the United States’ dependence on oil. The winner of the 2015 Prize will receive $125,000, the first runner up $35,000 and the second runner up $15,000.
Members of the public may cast their votes for one of four semifinalists: FreeWire Technologies, Momentum Dynamics, Peloton Technology, and SeaChange Group. Voters can view each entrant’s pitch video to determine their favorite at www.secureenergy.org.
These semifinalists were selected by two rounds of expert panels comprised of industry leaders, energy and transportation specialists, and academics:
- FreeWire Technologies’ Mobi electric vehicle (EV) charger helps eliminate the “charge rage” facing areas with high EV adoption and insufficient charging capacity.
- Momentum Dynamics’ high-power wireless charging system delivers energy to electric vehicles via induction ten times faster than plug-in chargers and can help accelerate consumer EV adoption.
- Peloton Technology’s wireless communications system and cloud-based management links sensors and braking between pairs of trucks to provide dramatic aerodynamic fuel savings and increased safety.
- SeaChange Group’s patented Eco-Hybrid fuel uses glycerol, a byproduct of biodiesel production, to reduce emissions in diesel engines and costs for maritime vessels and off-road equipment.
This year’s three finalists will be announced leading up to the Energy Security Prize awards ceremony to be held in Charleston, S.C. on July 31. Attendees will hear remarks from General T. Michael Moseley, former Chief of Staff of the U.S. Air Force, and Larry Kellerman, Managing Partner of Twenty-First Century Utilities, who will speak to the national and economic security benefits of lessening America’s near-exclusive reliance on oil to power transportation.
Partners CNBC and Clemson University will join SAFE in Charleston with CNBC broadcasting interviews with the finalists and announcing the grand prize winner on Power Lunch. Be sure to tune in Friday, July 31 from 1 p.m. to 3 p.m.
“Game-changing technologies cannot just be impressive machinery,” said SAFE Founder and CEO Robbie Diamond. “Truly transformational innovations need to be accepted and embraced by the public. SAFE is proud to share the semifinalists’ technologies with the public and ask for their help in determining the winner. We congratulate the semifinalists and look forward to seeing them play a critical role in reducing U.S. oil dependence.”
This year’s Energy Security Prize is Powered by The InterTech Group and is awarded in memory of the company’s Founder, President and CEO, Jerry Zucker. Mr. Zucker was driven by a life-long passion to create technologies that could revolutionize the world and improve the health of our country. As a prominent businessman, Mr. Zucker worked tirelessly not only to discover these technologies but to bring them to market quickly and efficiently. Mr. Zucker was passionate about the significant advancements technology could make in reducing America’s dependence on oil, strengthening our country’s economic and national security.
For more about the 2015 SAFE Energy Security Prize and to vote on this year’s semifinalists, please visit secureenergy.org/prize.