T. Boone Pickens was recently interviewed by Joseph F. Cotto a writer from Central Florida on the state of an energy plan in American.
Pickens told the writer about the vote in the Senate on the Natural Gas Act earlier this year which failed in spite of receiving 51 votes but the bill “needed sixty because it was not considered germane to a transportation bill, which is totally unbelievable to me. Anyway, we got forty-five Democrats and six Republicans,” he said.
When Cotto asked Pickens whether he thought fossil fuels would be replaced by alternate sources, Boone said
“Seventy percent of all the oil used everyday goes to transportation, and you can’t replace transportation fuels with solar or wind or geothermal. You can’t substitute them for transportation, so you’re going to use fossil fuels for the next fifty or one hundred years. Natural gas is thirty percent cleaner than diesel, so it’s at the top of the hydrocarbon chain, and it should be seriously considered for transportation fuel.”
Pickens also said that getting on our own resources rather than importing oil from OPEC oil made economic sense because:
“Our oil is twenty percent cheaper that the global market price, seventy-five percent cheaper for natural gas, and we have half the cost of gasoline. So, it’s an opportunity for us to take advantage of cheap energy and build the economy back on the basis of cheap energy.”
To read the entire interview, click HERE.
— The Pickens Team