We’re celebrating six years of the Pickens Plan by continuing to refine and expand the principles we’ve been working toward. Because of your hard work, energy policy is an agenda item in a huge percentage of federal, state, and local campaigns leading up to the elections this November.
I have created a short video explaining the Five Pickens Principles of Energy. I’m asking you to watch it, and then send it along to anyone in your contact list with an interest in advancing the cause of energy security.
The Five Principles are:
1. Establish one agency with accountability and responsibility for Energy Policy in America.
2. Inject real fuel competition in our transportation system.
3. Cool down the rhetoric on exporting natural gas to Europe and Asia. Let’s use it to build our own economy.
4. Establish a North American Energy Alliance with two of our largest oil traders, Mexico and Canada.
5. Remember that energy does not operate in a free market.
We’re moving forward, and I’m thrilled you’re along for the journey. Soon we will give you opportunities to have your voice heard in this election cycle.
As we celebrate the 6th anniversary of the Pickens Plan, I’ve come up with a great way to summarize what we should focus on to ensure we continue to make progress in achieving the goal of greater energy security for our nation.
Remember, a key objective is eliminating once and for all the national security and economic threats posed by our dependence on OPEC oil.
I think it’s important to share these basic principles with you, so you can make your voice heard in the upcoming election. I call them “The Five Pickens Principles of Energy.”
The principles are:
1. Clear responsibility and accountability for energy decisions.
2. Inject real fuel competition into the transportation mix.
3. Meet our own energy needs before we worry about other countries.
4. Pursue a North American Energy Alliance.
5. Remember: Energy is not a free market.
Educating our political leaders at all levels is important, and I’m hoping you will be a part of that. To help with that, I need you to watch this video as I briefly explain each of the principles to CBS News.
If you’re with me on securing North America’s energy future, these Five Pickens Principles of Energy can help your family, friends, colleagues, and neighbors understand what we’ve been working so hard to accomplish. Please share this video with them.
Congratulations! We live in the only country on Earth whose oil and gas production is increasing along with its reserves. America is enjoying an energy renaissance while the rest of world is suffering a decline in reserves and production and a corresponding increase in prices.
This is big news. Cheap, abundant, domestic energy affects everything from employment to cost of living, and from the environment to national security. It makes the U.S. more appealing to manufacturers. And our dependency on OPEC oil continues to decrease.
These newfound energy resources are a great national treasure. Watch this video for my thoughts. Then tweet me yours at @BoonePickens.
Forty years ago, the Arab Oil Embargo changed the way America thinks about energy. After finding ourselves at the mercy of a bunch of oil states, we panicked. The government put price controls in place, the Strategic Petroleum Reserve was launched, and all oil exports were banned.
Thanks to recent breakthroughs in technology, however, our country’s energy picture has taken a dramatic turn for the better. The U.S. now imports about half the oil it consumes – some 8 to 9 million barrels a day – and we export more than 3 million barrels of oil products, such as gasoline and diesel, every day.
Does it make sense for us to ban oil exports at the same time we’re shipping millions of barrels of oil products overseas? It might be time to revisit that policy.
The Trans-Alaska Pipeline was built more than 30 years ago, and at one time we were getting more than 2 million barrels a day out of it. Now that number has fallen almost 75 percent to about half a million barrels a day.
I’m all for getting it back up to 2 million, aren’t you? We both know that every barrel of oil that flows through the Alaskan Pipeline is one less barrel that we have to import.
It’s time to open up ANWR and get the oil going back through the Alaskan pipeline.
The Strategic Petroleum Reserve (SPR) was established 40 years ago to protect America from another OPEC oil embargo. With that in mind, the federal government pumped 750 million barrels of oil into salt caverns beneath Louisiana and Mississippi for safekeeping.
But the truth is we have rarely tapped the SPR in the four decades it’s been in existence. The most we’ve ever drawn out at one time was 17 million barrels during Operation Desert Storm. That’s barely two percent.
Sounds to me like it’s time to discuss the future of the SPR. We need to use it strategically as a resource to reduce our dependence on foreign oil while developing our own resources.
Watch my latest BooneCam for more of my thoughts on this issue, and then send me a Tweet @BoonePickens with your thoughts.
Every day, Saudi Arabia exports 9.3 million barrels of oil. That makes the Saudis the largest oil exporter on earth. And they need to be. Why?
Because the Kingdom of Saudi Arabia is a welfare state, a very wealthy welfare state. Seventy percent of the country is under 30, and 40 percent of those young Saudis are unemployed. That means each year the Saudi government has to make billion-dollar handouts to keep millions of Saudis happy.
The kingdom’s biggest oil field has been in production since 1951 and its best years are behind it. Combined with the social uncertainties and pressures there, it’s a bad cocktail brewing, and problematic for countries that rely on Saudi oil. And America doesn’t need to be one of them.
We’ve got enough energy in the U.S. – including the world’s largest natural gas reserves. One thing is for sure: Saudi oil is a big problem spot for us. Let’s put a plan in place before it becomes a bigger problem.
People always ask me, “Are electric vehicles the answer?” The truth is as long as you don’t want to haul anything or go too far, they sure are. Remember – I’m for anything American, and that includes electric vehicles.
But an electric battery won’t power an 18-wheeler. Just like 18-wheelers, locomotives can’t move on a battery. Neither can a barge or a ship. Big users require a combustion engine, and combustion engines run on one of two fuels: imported diesel or domestic natural gas. That’s why I’m pushing America to switch to cleaner, cheaper, domestic natural gas.
I want our air to be cleaner, our fuel costs to be lower, and our money to stay here.
In this video, I discuss the role electric cars can play in transportation and the opportunity we have with domestic natural gas for reducing our dependence on OPEC oil.
If you have a vehicle, you’ve seen what’s happening to gasoline prices. They’re going up, and in a hurry. As you may have seen on CNBC this morning, average national prices rose 12 cents in the past week alone.
Take a look at this video and you’ll have a better idea of why it’s happening. And what the solution is.
We need to introduce competition to bring down prices and break the hold of OPEC oil, and we have the domestic fuel to do just that: Natural Gas. Watch this video and send it along to your friends and elected representatives.
Since the Pickens Plan launched in July 2008, we’ve made enormous progress in getting America the energy plan it deserves.
We’ve now got the cheapest fuel in the world, be it oil, natural gas, or gasoline. In addition, more and more of our heavy-duty trucks are running on domestic natural gas instead of OPEC oil. That’s a big step in the right direction. And a Natural Gas Highway now links one end of the country with the other.
In a nutshell, we’ve got the supply, the technology, and the infrastructure in place. I can’t wait to see what we accomplish over the next five years!
Watch my latest BooneCam with my thoughts on what’s ahead for us.