U.S. Oil Production Skyrockets to New Record
The Wall Street Journal is reporting that U.S. crude-oil production grew by more than one million barrels a day to 8.9 million barrels a day in 2012. The 14 percent increase was not only the greatest in American history – eclipsing a record from five decades ago – but it ranks as the greatest increase in Continue Reading
The Chinese are getting Iraqi oil, and we’re paying for it
I don’t like saying, “I told you so.” But the United States spent $2.2 trillion and tragically lost more than 3,000 men and women fighting in Iraq, and now the Chinese are getting over half the Iraqi oil. On numerous trips to Washington, DC, I said that would happen, and now it has. Every day, Continue Reading
Shale Oil and Gas Reserves Upped by 35% in the U.S.
The U.S. Energy Information Administration (EIA) announced on Monday that oil and gas reserves in U.S. shale formations are 35 percent greater than projected just two years ago. The report credited the dramatic increase to new geologic and well-drilling results as well as the use of hydraulic fracturing. “The use of horizontal drilling in conjunction Continue Reading
Natural Gas Already Reducing U.S. Greenhouse Gas Emissions
Did you know that total U.S. emissions are not expected to reach 2005 levels again until after 2040? Or that in 2013, emissions from the U.S. energy sector were at their lowest in two decades? These are a few of the many eye-opening facts that have just been made available in a report from The Continue Reading
The Time For Natural Gas is Now
Clean Energy Fuels Corp. President and CEO Andrew Littlefair penned the following op-ed, which posted at RollCall.com on June 7, 2013. United Parcel Service’s announcement that it plans to expand its fleet of trucks running on liquefied natural gas, or LNG, to 800 by the end of next year is just the latest in a Continue Reading
Thanks to U.S., China Now Enjoys Lion's Share of Iraqi Oil
Boone Pickens has always said that America needs – and deserves – an energy plan. The only problem is no one in Washington has been willing to step up to the plate and demonstrate the type of leadership necessary to put such a plan in place. In the same breath, Pickens has also singled out Continue Reading
Comeback: America's New Economic Boom
Once upon a time, shale gas amounted to 2% of U.S. natural gas production. Believe it or not, that day and age was just 10 years ago. Today, shale gas is nearly 40% of America’s total natural gas production, a figure that keeps rising with each passing month. The effects of this completely unforeseen development Continue Reading
Pennsylvania Offers Incentives for Natural Gas Vehicles
The Pennsylvania Department of Environmental Protection announced on Wednesday that it is committing $10 million to incentivize private companies, public agencies, and not-for-profits to purchase cars or light trucks that run on natural gas. The grant program will also cover the conversion or purchase of electric, propane, or other alternative fuel vehicles of any size. Continue Reading
T. Boone Pickens at the 2013 Milken Institute Global Conference
T. Boone Pickens and Karen Elliott House, former Wall Street Journal Publisher and author of “On Saudi Arabia,” discuss the future of our oil economy at the Milken Institute Global Conference on May 1, 2013. Continue Reading
Pickens Featured in Tulsa World
Boone Pickens likes to make money – and he sure likes giving it away. That’s one of the many takeaways readers get from an interview given by Pickens just days before his 85th birthday that was published in Monday’s Tulsa World. Pickens says he has donated almost as much as he’s now worth, including $525 Continue Reading