Tuesday, September 9, 2008

CNBC - T. Boone Pickens 9/09/08 on Oil, Wind, Solar Energy, Natural Gas

Boone Pickens was on CNBC just now...he had this to say:

- $4 gasoline killed demand.....$4 was the price that killed demand for gas
- If Opec wants to support the price for Oil....they will balance the market for Oil.
- I want to get wind and solar energy started
- Natural Gas to fuel vehicles...as well as batteries.....the battery only does vehicles...it won't move an 18 wheeler. Natural Gas is the cleanest burning fuel.
- We are not going to drill our way out of this but it will help!
- 30% of transportation fuel used in America is used to move goods from one place to another ( via trucks )
- Companies need incentives to switch over to Natural Gas as a transportation fuel