In an article published on the GreenEnergyNews.com website, writer Bruce Mulliken lead with:
Once oil man now energy independence evangelist T. Boone Pickens is correct when he says, “Our staggering dependence on foreign oil is responsible for more than two-thirds of our trade deficit, and it’s killing our economy and putting our national security at risk.”
Boone announced last week that, according to the latest figures from the U.S. Department of Energy’s Energy Information Administration (EIA), the U.S. imported 65 percent of its oil, or 366 million barrels, in May 2009, sending approximately $21.6 billion, or $484,087 per minute, overseas to foreign governments.
Mulliken wrote,
“That’s a lot of money that if spent at home would be at least preserving jobs, at best creating them.
“If money wasn’t sent overseas for oil it could be invested in energy research here at home, which would eventually to lead total energy independence, emission free power, new business opportunities and the new employment that goes along with any new investment. At nearly 10 percent unemployment, job creation is now a great concern.”
To read the entire article, click HERE.
— The Pickens Team