• April Oil Import Numbers Show Continued Dependency
  • The Daily Pickens  |  May 17th, 2012No comments
  • The Energy Information Agency of the U.S. Department of Energy has released the oil import numbers for April 2012 and our addiction to OPEC oil has not abated.

    According to the EIA, we imported 316 million barrels of oil in the month at a total cost of $37.8 Billion. That represented 56 percent of our total oil use for the month and brought to total for the year to 1.28 billion barrels at a cost of $154 billion.

    At this rate we will spend nearly a half trillion dollars to import oil in 2012 despite President Obama’s State of the Union Address call for a concerted effort to utilize domestic resources.

    – The Pickens Team

  • Pickens & Truckers: Natural (Gas) Allies
  • The Daily Pickens  |  May 15th, 2012No comments
  • T. Boone Pickens is the subject of a major article written by the Executive Director of the Arkansas Trucking Association.

    In the piece the author, Lane C. Kidd, writes about Boone’s dedication to the Pickens Plan which would allow the United States to “regain control of the world’s wealth and economic power, something that would ‘change the dynamics of the world.’”

    The article recounts Boone’s spending some $100 million of his own money to promote the concept of getting away from our dependence on OPEC oil which “is sapping the nation’s wealth and productivity.”

    Kidd quotes Pickens as saying “Trucking consumes half of the five million barrels we buy from OPEC each day” and so he is aiming his considerable ammunition at the trucking industry and the Congress.

    Because of the price differential between natural gas and diesel – about $1.50 per gallon – Pickens says

    “I’ve talked to trucking guys whose companies consume 100 million gallons of fuel a year and they see very quickly how they can save a dollar and a half a gallon. It doesn’t take but about a second for them to see that’s a hundred and fifty million dollars.”

    This is the first of two parts, the second part will be published soon.

    To read the entire article, click HERE.

    – The Pickens Team