President-elect Barack Obama delivered a major speech today on the economic crisis and the coming stimulus package. Here is what Boone Pickens released immediately afterwards:
“President-Elect Obama’s comments in his speech this morning represent an important first step in solving our nation’s energy crisis and getting our economy moving again. Investing in alternative energy, focusing on conservation and rebuilding our power grid to deliver that energy to every corner of our country are critical components of this effort.
As the new Congress and new Administration begin work, it will be critical that they focus on the need to dramatically reduce our dependency on foreign oil, which strangles our economy and threatens our national security.
President-Elect Obama made it clear that he also understands the important role that transportation will play in solving our energy crisis and I am confident that he will recognize that as we reduce our imports of foreign oil, there the only domestic resources available are natural gas and plug-in batteries that can have an immediate impact on this effort.
A program focused on renewable energy, conservation, improving the grid and replacing foreign oil with domestic resources in our transportation system is something that I believe will create hundreds of thousands of jobs and revitalize our economy.”
— The Pickens Team