President Obama is wrong to think expediting natural gas exports to Europe is a quick fix for their Russian energy problems
There are a lot of calls for increasing natural gas exports from the US to Europe. Producers want to export so they can gain access to higher price markets. In Europe, natural gas sells for $10 per thousand cubic feet (Mcf) compared to less than $5 mcf here in the US. Producers should have the Continue Reading
T. Boone Pickens' Recent Appearances
This week, Boone Pickens was an invited guest to the 2014 Milken Institute Global Conference in Los Angeles, CA. He sat in on a panel discussion titled, “Redrawing the World Energy Map.” It was an insightful discussion with a group of great minds talking about global energy. Watch here. Following are media interviews Boone did Continue Reading
It's Time to Get a Plan
Increased domestic energy production, the expanded use of natural gas as a transportation fuel, more efficient vehicles – all of these factors are having a positive effect on ensuring America’s energy security. Yet the most important element – the amount of OPEC oil we are importing – remains ominously unchanged. According to the Energy Information Administration, Continue Reading
Oil and Gas Industry is MVP of America’s Economy
America is standing on the edge of another economic surge that we would be crazy not to embrace. We have about a 100- to 200-year supply of natural gas. Producers should be allowed to sell their natural gas where they can, but as a nation we should be actively seeking ways to utilize it right Continue Reading
The situation in Ukraine shouldn't be our fight
You want to know how Russia and Ukraine fit into our energy picture? They don’t. Some people, particularly in Washington, say we should use natural gas exports to support U.S. foreign policy objectives. I disagree. That’s not our fight. I believe we should use our natural gas to support Americans, not Ukrainians. Let’s get our Continue Reading
U.S. Crude Oil Reserves Jump 15 Percent
For the fourth year in a row, U.S. oil reserves increased, according to a recently published Energy Information Agency report. Proven crude oil reserves jumped 15 percent in 2012 to 33 billion barrels, their highest level since 1976. The jump was the the largest by volume and percentage increase in oil reserves since 1970. Natural Continue Reading
Let's use domestic fuels to our benefit!
What a difference a year makes! AT&T, UPS, FedEx, Wal-Mart…all sorts of companies are moving towards natural gas to power their fleets, and getting off OPEC oil/diesel. So are several major railroad companies. Are these steps forward occurring as fast as I would like them? No, but it’s still good news. Oil, gasoline, natural gas Continue Reading
The Keystone Pipeline will deliver a present to the United States
Can you believe it’s been almost six years since the Keystone XL pipeline extension was proposed? I can’t. The application was filed in September 2008 – just a few months after we launched the Pickens Plan – and it still hasn’t been approved. This is a Christmas present, and it was put at our front Continue Reading
Forbes Life: T. Boone Reborn
The following article ran in the April 14, 2014 issue of Forbes Life. At 85, T. Boone Pickens has discovered a powerful source of energy: his own. He’s got a new love, a new natural gas empire and a continuing mission to change the world. All he needs now is time. Aboard his Gulfstream G550, Continue Reading
U.S. Now Produces 10 Percent of World's Crude
This week the Energy Information Administration announced that domestic production of crude oil had surged to the point that the U.S. is now producing 10 percent of the world’s crude. The figure applied to the fourth quarter of 2013, when domestic production totaled 7.84 million barrels per day. The continued growth in production is attributable Continue Reading