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Page added on May 29, 2012

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T. Boone Pickens Finds Flaws In Presidential Energy Plans

Public Policy

Energy titan T. Boone Pickens is less than impressed with the energy plans that have been floated by President Barack Obama and his likely White House challenger Mitt Romney.

Speaking to Dow Jones Tuesday, Pickens said Obama’s “all of the above” energy plan needed to be “more specific” and said Romney’s plan is “not total.”

Pickens didn’t endorse either candidate, but said “I’m going to come out for the candidate who has an energy plan.”

Pickens has had his toes in political waters for several years, pressing members of Congress to pass legislation that uses tax credits to encourage the use of natural gas in trucking fleets.

That legislation hasn’t yet gained the necessary traction, most recently stalling as an amendment to a transportation bill. Pickens said he thought the measure would eventually pass. But regardless of whether it does, “I’m retiring from Washington after this,” he said.

Pickens is one of the most vocal supporters of U.S. natural gas and has urged lawmakers to create policies that wean the country off foreign oil imports.

For several months now, Obama has characterized his energy plan as an “all of the above” approach that relies on oil and natural gas, as well as nuclear, wind and solar power.

Earlier this year, House Republicans attacked the president for leaving out “coal” on his campaign website, but the campaign quickly added “clean coal” under a description of the president’s energy plan.

Coal is found in abundance in the U.S. and is used to generate electricity, but it creates more air pollution than natural gas when it is burned.

Obama has increased support of U.S. natural gas, saying it could replace oil as a transportation fuel and supplant coal as a source of electricity generation.

Speaking to Dow Jones, Pickens criticized the president for withholding approval for the Keystone XL oil pipeline, which would stretch from Canada to Texas and carry several hundred thousand barrels of oil from the Canadian tar sands.

The U.S. should create an alliance with Canada and Mexico to strengthen ties for energy imports and exports, Pickens said. His opposition to foreign imports is focused on oil from the Organization of the Petroleum Exporting Countries.

Romney also has been critical of the president’s position on the Keystone pipeline. His energy plan calls for the pipeline to be approved, along with greater production of U.S. energy resources through streamlined regulations.


4 Comments on "T. Boone Pickens Finds Flaws In Presidential Energy Plans"

  1. Plantagenet on Tue, 29th May 2012 9:24 pm 

    Obama has had 4 years to come up with an intelligent energy policy but has failed. Time for him to step aside for someone who can get the job done.

  2. DC on Tue, 29th May 2012 10:05 pm 

    I find flaws with Pickens grip on reality. Why anyone in the US pays any attention to his old fossil-fool windbag is beyond me. O wait, this is the United states of Confusion were talking about here. No wonder he gets so much press…

  3. BillT on Wed, 30th May 2012 2:44 am 

    DC, in a country where the opinions of rock stars, actors and others of similar intelligence and experience, carries weight with the sheeple, what can you expect? Everyone has their favorite scapegoat: government, taxes, Republicans, Democrats, gays, blacks, Latinos, immigrants, etc. No one wants to look reality in the face and accept their fate.

    There is no “Energy Policy” other than to grab what they can from countries they can invade and bully. They, like the Saudis, know that the sheeple will put up with anything as long as they can shop and spend and have reasonably cheap gas for their SUVs. But, that is getting harder and harder to accomplish in the world or decreasing resources.

    They (the Us) are the grasshopper in the fable and now winter is approaching and they are begging the ant (China)_ for help and the ant is telling them to F-off. He has been securing resources for decades and is prepared for the cold to come as best as possible.

  4. Beery on Wed, 30th May 2012 9:57 pm 

    Of course T.Boone Pickens sees flaws in the President’s plan – it’s not 100% fueled by natural gas.

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