Zachary Toliver | Shale Plays Media
American energy tycoon, T. Boone Pickens recently showed up on CNBC to speak about how or if America could completely eradicate OPEC oil from coming to the US market. At one time, America consumed 7 million barrels of OPEC oil a day. Now Pickens says, “We’re down to 4 million barrels a day of OPEC oil… and we can knock that out within the next three years”
Pickens had a simple solution to push America further toward the holy grail of energy independence. “Switch natural gas over to the heavy-duty trucks… you would have cut out 75 percent of OPEC, because 8 million trucks converted to natural gas off of diesel is 3 million barrels a day.”
Back in July of 2008, T. Boone Pickens released the “Pickens Plan” which was an energy policy meant to guide America towards self-reliance in the world of energy. The gist of the program involves harnessing the winds of the Great Plains through thousands of new turbines funded by private industries. In addition, the plan also calls for government to build new infrastructure in order to connect the new energy efficiently to the power grid. Due to the new energy source, the nation could collectively move the natural gas previously used for plants into the fuel market for cars and trucks. Over the years, the proposal has received mostly positive reception and according to the Pickens Plan website, over 2 million American have signed in support of the now six-year-old idea. “If [Washington] had gone with me six years ago, you figure you could probably had the job done in three to four years,” Pickens stated in his CNBC interview.
Check out the video and more of Pickens argument in the article, “Obama, Congress should have listened to me: Pickens” by CNBC correspondent, Matthew J. Belvedere.