T. Boone Pickens appeared on CNBC’s popular “Squawk Box” program and, according to the CNBC webpage, said
“U.S. dollars for OPEC oil help fund terrorists and the Taliban. I am trying to get away from the terrorists,” he said. “I think the money we pay to OPEC gets in the hands of the Taliban.”
Boone also spoke about the folly of exporting a portion of our vast natural gas reserves while we continue to import OPEC oil:
“So here we are, we’re exporting our clean-burning fuel and importing dirty oil from the enemy,” he said. “We’re gonna go down as the dumbest crowd in history that’s ever come to town.”
Speaking about the NAT GAS Act (H.R. 1380), Boone answered critics who complain about tax incentives to kick-start a natural gas vehicle (NGV) industry in the United States:
“I’m asking for $1 billion a year” for five years for natural gas development, Pickens said.
“We have cheap natural gas and an opportunity to use it for transport fuel, and all I’ve asked for is the eight million 18-wheelers,” he said. “With that I can cut OPEC in half…The subsidies for ethanol are vastly different from that, $6 billion a year. I’m asking for $1 billion a year.
“Mine is either a good idea and it’ll all happen in five years, or it was a bad idea and just forget it.”
To see the article and view the interview click HERE.
— The Pickens Team