In an interview that aired earlier today, T. Boone Pickens told FOX Business Network that the US will have an energy plan by June and that we need to “sit on our own bottom” and utilize our abundance in natural gas.
Excerpts from the interview below: Courtesy of Fox Business Network
On Obama’s energy policy:
“The thing about it is they’ve been tied up on healthcare. I think if we did not have the healthcare issue, that we would have been into energy. I think energy is going to come up next and I think it’s going to come up pretty fast. I think we’ll have an energy plan for America by Memorial Day. So we’re talking about the first of June.”
On the energy bill:
“It is so simple, the bill is so simple, it is heavy duty equipment will move to natural gas…
We can do that in less than 7 years. If we do that, we’d just cut OPEC in half.”
On near-term impact on oil:
“We’ve got to sit on our own bottom Brian. And we’re not doing that. We’re sitting here dependent on oil from countries that are not friendly to us. It’s nuts. We’re paying for both sides of the war. I want to get off that and I want to get on something realistic and realistic is on our own resources in this country. We have the resources. Now the leadership has to direct us in that direction. It’s that simple.”
On how the US needs to “step up to the table” and utilize the natural gas resources:
What I am saying is that we have plenty of natural gas in the United States…Here we are with our hat in our hands sitting in the hallway waiting for the energy producers to tell us what we’re going to get and what the price is going to be. We would immediately move to the table. We would go in and sit at the big table. We wouldn’t sit in the hallway with our hat in our hands. See we are the largest now in natural gas in the world. We’re larger than Russian, Iran. So, by God, step up to the table. It’s time for us to use our own resources.
