20150603, Fuse Social Graphic Barrels

T. Boone Pickens recently wrote a guest post for The Fuse:

“People in Washington, D.C., want to burn up the press release wires with news of how they “fixed” the oil import problem, even though they’ve done little but use the oil and gas industry as a whipping boy.

“But the real reason they shouldn’t be patting themselves on the back is because the problem hasn’t been solved. Not by a long shot. Despite the stunning expansion of the domestic oil and natural gas reserve base, we’re every bit as dependent on OPEC today as we were when it brought our economy to its knees with the Arab embargo in the 1970s. We’re still reliant on other countries for half the oil we need, including more than 1.5 million barrels a day from the Middle East.”

Read the full commentary on energyfuse.org: In order to compete, the U.S. needs a better energy plan