Pickens: Oil Prices Headed Down
T. Boone Pickens appeared on CNBC and suggested that oil prices – which have fallen quickly over the past several weeks – would fall another $5 per barrel but that natural gas would go to $4 per million cubic feet (Mcf) from its current level of just below $3/Mcf. He told CNBC’s Maria Bartiromo that Continue Reading
Who's Got the Cheapest Natural Gas? The U.S. of A.!
Check out this article in Tuesday’s Houston Chronicle. Right now, American natural gas is selling for $2.77 to $2.97 per Mcf. But look at these prices overseas: $8.84 per Mcf in Great Britain $9.82 per Mcf in Spain $10.95 per Mcf in India $12.10 per Mcf in Rio De Janeiro $13.40 per Mcf in China and a whopping $13.80 per Mcf in Japan! As Boone Continue Reading
No Need To Import OPEC Oil
Boone Pickens believes that America can end its dangerous dependence on foreign oil, and he’s got the facts to back up that assertion. Point number one is the sharp increase in U.S. oil and gas production over the last decade. “There are 30 U.S. states producing oil and gas, the highest we’ve ever had,” Pickens Continue Reading
Natural Gas the "New Kingmaker"
The Wall Street Journal took a page from Boone Pickens’ notebook when it reported that “America’s shale oil and gas revolution … is shaking up the world order.” John Bussey, reporting in the Journal‘s Marketplace section, singled out the massive changes that have taken place since the U.S. began developing its enormous shale resources. The Continue Reading
U.S. Spent Another $37 Billion on Foreign Oil in August
The U.S. spent $37.8 billion importing 333 million barrels of oil in August according to reports from the U.S. Department of Energy. That represents about 56 percent of all the oil used in August. Our imports are averaging 329 million barrels a month which is a 3.6 percent drop from a year ago. Analysts suggest Continue Reading
Texans One Step Closer to CNG Refueling at Home
America took another step toward energy security in Austin today when Texas Railroad Commission Chairman Barry Smitherman proposed an initiative that would allow Texans to refuel natural-gas powered vehicles in their homes and garages. Under current Texas law, compressed natural gas (CNG) refueling units are prohibited inside Texas homes. Rule 13.185 of the Texas Administrative Continue Reading
Democratic National Convention
Boone reports on U.S. energy challenges during the week of the Democratic National Convention. Continue Reading
Boone's report from the GOP Convention
Earlier this week, T. Boone Pickens spent a day in Tampa at the Republican National Convention participating in panel discussions and media interviews to talk about energy and the upcoming election. Watch the highlights! Continue Reading
CNG Sparks Fuel Revolution in Florida
When it comes to filling up his tank, Jeff Greene doesn’t worry about the price of Middle Eastern oil. That’s because Greene operates South Florida’s first compressed natural gas (CNG) station. Since the station opened last summer, a gallon of pressurized natural gas has held steady at about $2.19 per gallon — one-third cheaper than Continue Reading