T. Boone Pickens Weighs in on Energy

  • Michigan Gonvenor Jennifer Granholm and T. Boone Pickens, founder and chairman, BP Capital Management, shaire their alternative energy solutions at the Detroit Regional Chamber 2009 Mackinac Policy Conference (Photo courtesy of the Mackinac Policy Conference)

A Texas oil tycoon is trying to get America off of foreign oil. T. Boone Pickens has spent the last year and nearly 60-million dollars promoting his plan to use only US sources of energy. Rebecca Williams reports:

Transcript

A Texas oil tycoon is trying to get America off of foreign oil. T. Boone Pickens has spent the last year and nearly 60-million dollars promoting his plan to use only US sources of energy. Rebecca Williams reports:

T. Boone Pickens says he’s all for domestic oil drilling, solar, nuclear, coal – especially wind and natural gas. But anything, as long as it comes from the USA.

“I’m for anything that’s American. Anything that’s American. (applause) But we have to get off oil from the enemy.”

And he said he used to be an outspoken critic of ethanol. But not anymore.

“It is American. Is it a good fuel? It’s an ugly baby is what it is. But it’s our ugly baby.” (laughter)

He says Members of Congress tell him, whether it’s a good fuel or not, farm states want it.

He readily admits his plan would help him make some money. But he says he also wants the U.S. to get away from foreign imports for the sake of national security and the health of the economy.

For The Environment Report, I’m Rebecca Williams.

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