T. Boone Pickens published a letter to the editor in the April 28, 2012 edition of USA Today taking exception to an editorial that urged the export of natural gas.
Pickens explained that “with natural gas selling for nearly $14 to $18 per thousand cubic feet (mcf) elsewhere in our world” it is natural that domestic natural gas developers would want to get more than the $2.80 natural gas is selling for in the U.S.
However, Pickens said, the answer isn’t exporting this crucial natural resource, the answer is to “expand demand for our domestic natural gas here in the U.S. We should expand the use of natural gas in transportation and use it to cut imports of crude oil/diesel/gasoline from OPEC.
To read the entire letter in USA Today, click HERE.
— The Pickens Team