For more than two and a half years, T. Boone Pickens has repeatedly pointed out that our country’s failure to develop a comprehensive energy plan is one situation that we can’t drill our way out of.
Millions of Americans have voiced their support for this common-sense position, and last Friday one more American raised his voice: President Barack Obama.
On March 11, during a news conference in the South Auditorium at the White House, the President not only referred to T. Boone by name but echoed his comments about the need for a national energy policy.
“Even if we started drilling new wells tomorrow, that oil isn’t coming online overnight. And even if we tap every single reserve available to us, we can’t escape the fact that we only control 2 percent of the world’s oil, but we consume over a quarter of the world’s oil.
“T. Boone Pickens, who made his fortune in the oil business – and I don’t think anybody would consider him unfriendly to drilling – was right when he said that ‘this is one emergency we can’t drill our way out of.’
“We can’t place our long-term bets on a finite resource that we only control 2 percent of, especially a resource that’s vulnerable to hurricanes, war, and political turmoil.”
You can see the clip of the press conference HERE.
— The Pickens Team