Tuesday, June 25, 2013

In the News, Pickens Plan, Press Releases

T. Boone Pickens’ Statement on President Obama’s Climate Change Speech

The President’s speech today once again calls for increasing the use of domestic natural gas in heavy duty transportation, and he’s to be commended for that.

But it’s important to note that he has called for that before. A plan without action isn’t a plan, it’s a speech. We need specific legislative proposals and regulatory actions to achieve this objective if we are to meet the twin goals of significantly reduced greenhouse gas emissions and a major reduction in our use of OPEC oil. Remember, natural gas in transportation is 30 percent cleaner than diesel.

So much of the president’s speech addresses power generation, not transportation. There are significant gains to be made there, and I’m hopeful he and the new Secretary of Energy will step up their efforts there. We need an action plan with specific policies, goals, and measurable results.

Here are some specific ideas to move the ball forward:

First, the federal government should incorporate natural gas as the primary transportation fuel in its heavy duty trucks, and require the same of those who contract with the federal government for goods and service movement.

Second, the government should equalize the excise tax on natural gas for transportation to level the playing field. This needs to be done on sales taxes for new vehicle purchases and at the pump.

Third, the federal government should provide vehicle incentives through tax exemptions or grants to accelerate natural gas vehicle market adoption.

We are seeing leadership at the state level, where there is a growing momentum to correct archaic regulatory and tax policies that disadvantage natural gas as a transportation fuel and actually favor imported diesel.

The growing “Natural Gas Highway” is well on its way to becoming the “National Gas Highway” largely due to the leadership of Governors around the country. Our leaders in Washington would do well to look at what is happening at the state level and adapt the appropriate actions to the Federal government.

On the eve of the 5th anniversary of The Pickens Plan (July 8, 2008), we have always regarded natural gas as a bridge fuel, a vision that was echoed last week by Energy Secretary Ernest Moniz in a town hall meeting with Energy Department staffers.

I am hopeful that this speech will not be a two-day event on cable news, but will signal a wide-ranging, far-reaching development of a national energy policy.

Tuesday, April 23, 2013

In the News, Pickens Plan

New York Times’ Says Time has Come for Natural Gas

The New York Times headlined a major story this week with “Natural Gas Becomes Fuel for the Long Haul.” In the article, written by reporters Diane Cardwell and Clifford Krause, points out that the “momentum of natural gas for transportation is accelerating” with United Parcel Service preparing to announce it will move 800 of its 18-wheelers from diesel to natural gas by “2014 up from 112 now.”

The article said Cummins, a major manufacturer, is building the engines which will run on Liquified Natural Gas.

“The move,” the article said, “could also cut the country’s oil import bill. Right now, about eight million heavy and medium-weight trucks consume three million barrels of oil a day while traveling the nation’s highways. That is nearly 15 percent of the total national daily consumption and the equivalent of three-fourths of the amount of oil imported from members of the Organization of the Petroleum Exporting Countries. Roughly two-thirds of the diesel used as transportation fuel nationwide feeds three million 18-wheelers, the main trucks hauling goods over long distances.”

Cardwell and Kause reminded their readers that building out the refueling infrastructure for natural gas vehicles is just beginning. They wrote:

“As of May 2012, only 53 L.N.G. fueling stations were in the United States, more than two-thirds concentrated in California, along with 1,047 compressed natural gas stations around the country, according to the Energy Department. In comparison, there were 157,000 fueling stations selling gasoline.”

Getting America’s 8.5 million heavy-duty trucks running on domestic natural gas rather than imported diesel has been a cornerstone of the Pickens Plan since 2008.

“If the New York Times has come around to recognize the value of getting on our own resources,” said T. Boone Pickens, “even the United States Congress might understand the value of helping reduce our dependence on OPEC oil.”

To read the entire article, click HERE

– The Pickens Team

Wednesday, March 20, 2013

In the News, Pickens Plan

Pickens: 3 Golden Rules for Energy Independence

T. Boone Pickens appeared on CNBC to discuss his “three golden rules for energy independence” in America. He said we are taxing domestic natural gas at a higher rate than we tax imported diesel - propping up the OPEC cartel.

Second, he believes we should start selling off - over a 10 year period - about half of the oil in the Strategic Petroleum Reserve. Third, we should form a North American Energy Alliance with Mexico and Canada - “now you’re energy independent - you don’t need Middle East oil at all.”

Here’s a link to the entire interview on CNBC.

– The Pickens Team

Thursday, March 14, 2013

In the News, Pickens Plan

Pickens: No Free Market in Energy

T. Boone Pickens had an essay published in Politico, the highly regarded inside-the-beltway news organization, in which he says there is no free market in energy and the U.S. has got to have a plan to operate in a manipulated market.

“OPEC is a cartel,” Pickens wrote. “It controls prices with production. Since October, the Saudis have sharply curbed production, and consumers are seeing the impact at the pumps today.”

He also reminds readers that “70 percent of the world’s oil is controlled by state-owned oil companies. Or that the federal and state governments are constantly changing tax and regulatory policies - CAFE standards are a good example - to appease one interest group or another for whom the oil industry is an easy target.”

The way to drag the world - or at least the United States - back into a free market energy system is to “inject serious fuel competition into America’s transportation market.”

Seventy percent of the oil we consume is in the form of transportation fuels - gasoline for cars and light trucks and diesel for heavy-duty vehicles. Batteries are a difficult substitute for gasoline in passenger cars, but will not move an 18-wheeler.

The only substitute for imported diesel is natural gas for heavy-duty trucks.

“We now have enough recoverable natural gas to last about 100 years. By that time, I believe we’ll be far beyond today’s internal combustion engines,” Pickens says.

To read the entire essay in Politico, click HERE.

– The Pickens Team

Wednesday, February 20, 2013

Fact of the Day, In the News

U.S. Continues to Import more than 50% of its Oil Needs

In January, 2013 the United States imported 304 million barrels of petroleum at a total cost of $34.3 billion. The amount of oil imports was 54% of the total we used.

Over 70% of oil is used as a transportation fuel in the form of gasoline for most cars and light trucks or diesel for heavy-duty trucks and other vehicles.

Over the course of 2012 we imported a total of 3.9 billion barrels at a cost of $434 billion. To put this in perspective, the amount of money being cut from the Fiscal Year 2013 federal budget under the terms of the sequester is $85 billion - one-fifth of the amount we spent on foreign oil last year.

Monday, December 10, 2012

In the News, Pickens Plan

Pickens Interviewed on Energy Policy

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

Sunday, November 11, 2012

In the News, Pickens Plan

Boone Pickens Still Pushing Natural Gas

According to an article by Paolo von Schirach on his SchirachReport.com website T. Boone Pickens is continuing to “push forward an energy independence agenda focused on making greater use of the domestic shale gas bonanza.”

Moving to natural gas as the principle fuel for America’s 8 million heavy-duty trucks, the essay says,

Would help boost the production of an American energy source, while they would also help reduce America’s dependence on imported oil. There are more than 8 million heavy trucks in America and they use a lot of oil based fuel. Switching to cheap gas would be good for them, for US energy companies, for America’s balance of payments and for our national security, as we would become more energy self-reliant.  Bottom line, choose shale gas from Pennsylvania, Texas or Ohio instead of buying oil from OPEC.

To read the entire essay on the SchirachReport.com website, go HERE

— The Pickens Team

Wednesday, November 7, 2012

In the News, Pickens Plan

Statement of T. Boone Pickens on the Re-election of Barack Obama

Though I supported another candidate in this election, I congratulate President Obama on his re-election. We should all remember, no matter how divided Americans are during the campaign season, we have one President, and we can only succeed when we come together as a nation to find solutions to our greatest challenges.

In his last State of the Union address, President Obama spoke strongly in support of using America’s natural gas resources to reduce dependence on OPEC oil. I applauded his call for action at the time, and I will be eager to see him turn this promise into a reality during his second term.

I hope that, without the pressures of a re-election campaign bearing down upon him, the President and his new Cabinet will reach out to Americans of all political persuasions; representing all commercial sectors, the environment, those who are focused on social and economic needs and have us all work together to secure our energy future, reduce our dependence on OPEC oil and get our economy moving again.

– T. Boone Pickens

Wednesday, October 17, 2012

In the News, Pickens Plan

T. Boone Pickens Statement on Debate

T. Boone Pickens, the architect of The Pickens Plan to achieve greater energy security in the U.S., released the following statement on the energy comments by Governor Mitt Romney and President Barack Obama during last night’s second presidential debate:

“After four long years of helping candidates and public officials understand the importance of energy as a domestic issue, an environmental issue and a national security issue, President Obama and Governor Romney finally gave us a spirited debate on their views on the subject.

“There will be dozens of so-called energy experts providing fact-checking on their respective comments. That will be a healthy debate in and of itself.

“President Obama had the first opportunity to go into detail and stressed the importance of American natural gas to reducing our reliance on imported oil. Mitt Romney also supported this approach and I thought he demonstrated a deeper understanding of energy by pointing out that replacing imported oil with domestic fuels would - and should - create a major positive contribution to our economy and create jobs. Another bright spot was his call for a North American Energy Alliance. That can be a critical element of a national energy strategy going forward.

“I like that President Obama highlighted the importance of developing renewable energy, but think he oversold what they will do to address the OPEC oil threat. Two-thirds of our oil use is tied to transportation, and wind and solar are power generation fuels. They won’t move 18-wheelers. They are an important part of the future, but we need a bridge to get us there by reducing oil imports now.

“I am hopeful that as the candidates hit the campaign trail for the final three-week sprint they will continue to talk about energy - and especially our vast natural gas reserves that are the only fuel which can substitute for imported diesel to push our 8.5 million 18-wheelers.

“The final debate next Monday, October 22, will focus on foreign policy. I am hopeful the two candidates will connect the dots and reinforce for the American public how closely our foreign and military policies and presence are tied to our Middle East oil dependence. Once you get the 8.5 million trucks and fleet vehicles on domestic natural gas, you have an option to rethink your Middle East foreign policies.

“The good news is that both candidates highlighted the role that our expanding domestic crude oil and natural gas reserves can play in enhancing our energy security and moving us off OPEC oil. Now let’s look for specific plans and solutions on how to get there.

“Remember, a plan without action isn’t a plan, it’s a speech.”

Monday, October 15, 2012

In the News, Pickens Plan

Pickens Op-Ed in New York “Newsday”

T. Boone Pickens had some well-chosen words for New Yorkers on the eve of the second debate between President Barack Obama and Governor Mitt Romney in at Hofstra University on Long Island.

Pickens pointed out that the scope of the debate will be both domestic and foreign policy but, he wrote, “If energy isn’t a focal point of the debate, the real loser will be the American public.”

As to watching the candidates in action, Boone wrote:

How will I grade the candidates on energy? Attacking America’s oil and gas industry is a nonstarter. Let’s not stymie those who are developing our rich energy future.

Promoting the essence of the Pickens Plan, Boone told Long Islanders

The best way to reduce our reliance on OPEC imports is to focus on replacing our 8.5 million heavy-duty trucks burning dirty, expensive, imported diesel with fleets running on cheaper, cleaner domestic natural gas.”

Concluding with a call to be more energy independent, Boone wrote:

We have the resources to get there. What we need is leadership, a plan and follow-through. Energy must be a focal point of this debate; the American electorate will be dealt a losing hand if it’s not.

To read the entire Op-Ed in New York “Newsday” click HERE.

– The Pickens Team

Wednesday, October 3, 2012

In the News, Pickens Plan

Virginia Governor Signs Alternative Fuels Order for State Vehicles

Virginia Governor Bob McDonnell announced the signing of a memorandum of understanding that joins a coalition of 22 other states in agreeing to “convert Virginia’s state vehicle fleet to alternative fuels.”

In a statement, the Governor’s office said the multi-state effort, which has been spearheaded by Oklahoma Governor Mary Fallin, is designed to make better use of America’s massive natural gas supplies and “reduce our nation’s dependence on foreign oil.”

Governor McDonnell also pointed out that “a transition to natural gas and propane [as a principal fuel for Virginia's state-owned vehicles] will also reduce emissions.”

To deal with the infrastructure issue of refueling stations for the natural gas vehicles (NGVs) McDonnell also announced the signing of contracts with Clean Energy Fuels and Blossom Gas “to bring new refueling stations to Virginia at no-cost, and they will be available to state agencies, local governments, and private citizens and businesses.”

The 22-state memorandum of understanding (MOU) “is intended to leverage 22 states’ vehicle purchases and use to expand the market for natural gas-fueled vehicles across the country.”

To read the entire statement, click HERE.

– The Pickens Team

Monday, October 1, 2012

In the News, Pickens Plan

Pickens Calls on Candidates to Tell Energy Plans

In the run-up to the first Presidential debate of the 2012 election cycle at the University of Denver, T. Boone Pickens has published an op-ed in the Denver Post calling on the two candidates “to describe his plan for our energy security.”

Saying “an energy plan without action isn’t a plan - it’s a speech,” Pickens pointed out that we have been promised energy independence for the past 44 years by every major candidate in every Presidential election.

Pickens wrote:

“For four years, I have championed a bipartisan energy plan for America. Sadly, the most dangerous place to be is in Washington, D.C., with a bipartisan plan. We’ve seen bipartisan plans fail on debt reduction (like the Simpson-Bowles commission), and now on energy.”

Concluding his essay about energy security, Pickens wrote:

“We have the resources to get there. We are lacking the leadership and the will to get it done.”

To read the entire op-ed in the Denver Post, click HERE.

– The Pickens Team

Wednesday, September 26, 2012

In the News

Pickens: Oil Prices Headed Down

T. Boone Pickens appeared on CNBC and suggested that oil prices - which have fallen quickly over the past several weeks - would fall another $5 per barrel but that natural gas would go to $4 per million cubic feet (Mcf) from its current level of just below $3/Mcf.

He told CNBC’s Maria Bartiromo that “There are 750 million barrels of oil in the Strategic Petroleum Reserves, and I’d start looking at taking maybe half of that out of there,” he said. “We don’t need to store that much oil.”

Pickens reminded viewers that there are about 18 million barrels of oil shipped through the Strait of Hormuz each day but only about 2.2 million are bound for the U.S. Yet American taxpayers pick up the entire tab of protecting that oil with at least two carrier battle groups.

You can read the summary on CNBC.com HERE

– The Pickens Team

Monday, August 27, 2012

In the News

Pickens and Woolsey Post Op-Ed on Natural Gas

T. Boone Pickens and former Director of Central Intelligence, R. James Woolsey, have published an essay in the National Review Online on the need to use domestic natural gas as a major transportation fuel.

In their op-ed Pickens and Woolsey point out that

Oil monopolizes about 95 percent of the world’s transportation, and OPEC - eight nations in the Middle East and four others - controls nearly 80 percent of the world’s conventional oil reserves.

OPEC uses that leverage to decide how much oil to pump and at what price to sell it. Saudi Arabia, they write, has decided it needs $90 per price for its oil to meet its domestic needs - essentially buying off its citizens.

No amount of increasing mileage for America’s car and light truck fleet can solve the “central” problem of OPEC simply cutting output to keep supplies tight and prices high.

Increasing domestic oil production will not solve the problem because domestic prices would simply follow global prices up and down.

The only solution is to move from dirty, imported, expense diesel - largely refined from OPEC oil - to clean, domestic, cheap natural gas; especially for heavy duty trucks.

Neither biofuels nor batteries will move an 18-wheeler. And even if we were selling and producing millions of electric/hybrid cars per year (which we are not) “less than 1 percent of electricity is produced” by using oil as a fuel so “using electric cars to reduce oil consumption is 99 percent off-base.”

Domestic natural gas, at current prices, would cost a trucker about $2.00 less per gallon equivalent than diesel.

We need to move expeditiously to convert a large share of our buses, delivery vans, and other fleet vehicles to run on compressed natural gas (CNG); and trucks, to run on liqueified natural gas (LNG). The conversions will pay for themselves within a year or two because of the now-huge price advantage that natural gas has over oil.

They call for an “open-fuel standard” which would allow the market to produce vehicles that can run on a variety of fuels.

One of us (Pickens) emphasizes transitioning the nation’s heavy-duty and fleet-vehicle market to compressed and liquefied natural gas, a move that could create more than 400,000 new jobs and cut OPEC dependence by 70 percent. The other (Woolsey) stresses the low, one-time cost (under $100 per car), according to recent studies by MIT and General Motors, of making it possible to use methanol and gasoline in the same vehicle.

They call for an end to our OPEC oil addiction by writing:

Let’s make a national commitment to this and bring forward the day when we can all cheerfully tell OPEC that if they don’t like it they can go play in their oil ponds.

You can read the entire essay in the National Review Online by clicking HERE

– The Pickens Team

Friday, August 24, 2012

In the News, Pickens Plan

Boone on the Romney Energy Plan

“They have a good plan. This will work,” T. Boone Pickens said of the energy plan announced by Mitt Romney this week. “It needs more, but it is a real good shot at a plan.”

The 21-page plan “calls for more state control of federal lands, less restrictive federal regulations and the completion of the controversial Keystone XL pipeline as part of an effort to become energy independent by 2020,” according on the Daily Oklahoman newspaper.

Earlier in the day, Pickens had been asked to rate the Romney plan while on national morning television news shows, but had only seen a summary as provided by the New York Times which had not included anything about natural gas. Having seen only that, Boone said he was disappointed that it only called for more oil production.

When he read the entire plan, Boone viewed it much more favorably.

The Oklahoman wrote,

Pickens for years has called for the country’s trucking fleet to convert to natural gas instead of oil, saying the effort alone would eliminate the need for three-quarters of the oil the United States imports from OPEC.

The Romney plan does not call for tax credits or other financial support for the effort, but it does cite it specifically as an example of how the private sector is “making massive investments in natural gas infrastructure.”

Boone explained, “Romney is saying heavy duty trucks need to get on natural gas. That is an easy sell because of the fuel savings” which is about $2 per gallon equivalent.

– The Pickens Team

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