U.S. Paid Over $26 Billion for Oil in November
Bipartisan NAT GAS Act would Dramatically Reduce Our Dependence on Foreign Oil as World Demand Poised to Increase
Pickens says, “We have more than 100 years supply of natural gas in this country and a bill in Congress that will incentivize us to use it to replace imported oil, allowing America to recapture control of its energy policy.”
DALLAS----In his twelfth consecutive monthly update on the level of foreign oil imports in the U.S., energy expert T. Boone Pickens said that based on the latest figures from the U.S. Department of Energy’s Energy Information Administration (EIA), the U.S. imported 61% percent of its oil, or 339 million barrels in November 2009, sending approximately $26.4 billion, or $ 591,477 per minute, overseas to foreign governments.
“We’re almost finished with 2009, and we really haven’t made any progress in reducing our dependence on foreign oil,” said Pickens. “Failure to address this issue threatens our national and economic security, and that’s unacceptable. We have an alternative resource in natural gas that is right here in our own soil and with abundant supply to last more than 100 years. But, while we can be frustrated at our failure to reduce our dependence on foreign oil in 2009, we can be hopeful that we are closer to passing a bill in Congress that will incentivize us to use natural gas in transportation in early 2010, which will allow America to recapture control of its energy policy. We urge the leadership in Washington to get The NAT GAS Act passed and to make progress on reducing foreign oil dependence once and for all.”
The NAT GAS Act of 2009, H.R. 1835, was introduced in the House of Representatives on April 1, 2009 and has 126 bipartisan cosponsors. The Senate version of this bill, S. 1408, was introduced on July 8, 2009 as a bipartisan bill by Senate Majority Leader Harry Reid and Senator Robert Menendez (D-NJ) and Senator Orrin Hatch (R-UT).
Pickens continued, “The International Energy Agency said Friday that world demand for oil will increase in 2010 as economies recover. As demand goes up, so does the price, which means we’ll be sending even more American dollars overseas if we don’t act to get on our own resources immediately.”
Since January 2009, the U.S. has imported more than 4 billion barrels of oil. A study released in June by the Potential Gas Committee, a group of academics and industry specialists supported by the Colorado School of Mines, estimates that we have more than 2,000 trillion cubic feet of natural gas reserves, the only available source that could immediately replace foreign oil as a transportation fuel.
About the Pickens Plan
Unveiled on July 8, 2008 by T. Boone Pickens, the Pickens Plan is a detailed solution for ending the United States’ growing dependence on foreign oil. Last year, when oil prices reached $140/barrel, America was spending about $700 billion for foreign oil, equaling the greatest transfer of wealth in human history. That figure has decreased some while oil prices have retreated, but the U.S. is still dependent on foreign nations for nearly 70 percent of its oil, representing a continuing national security and national economic threat. The plan calls for expanding the use of domestic renewable resources, such as wind and solar, in power generation and using our abundant supplies of natural gas as a transportation fuel, replacing more than one-third of our imported oil.
More than 1.6 million people have joined the Pickens Army through the website www.pickensplan.com, which has had over 17 million hits. For more information on the Pickens Plan please visit our website www.pickensplan.com.
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Showing posts with label Pickens Plan. Show all posts
Showing posts with label Pickens Plan. Show all posts
Monday, December 14, 2009
Wednesday, July 08, 2009
T. Boone Pickens Declares “Energy Independence Day” on Year Anniversary of Pickens Plan
T. Boone Pickens Declares “Energy Independence Day” on Year Anniversary of Pickens Plan Pickens Joins Bipartisan Group of Congressional Leaders on Capitol Hill to Promote Natural Gas Legislation
WASHINGTON--July 8 2009 --Energy expert T. Boone Pickens today declared “Energy Independence Day” on the one year anniversary of the launch of the Pickens Plan. This declaration clearly affirms the ongoing American commitment to ending our addiction to foreign oil.
Pickens marked the anniversary by joining a large bipartisan group of Congressional leaders in the House and the Senate at the U.S. Capitol Building to recognize legislation supporting the sale and use of vehicles that run on clean, domestic natural gas. Pickens appeared with Senate Majority Leader Harry Reid and Senators Robert Menendez (D-NJ) and Orrin Hatch (R-UT) to introduce the NAT GAS Act. Pickens also joined Representatives Dan Boren (D-OK), John Larson (D-CT) and John Sullivan (R-OK) and several other bipartisan cosponsors of HR 1835, the NAT GAS Act, introduced on April 1 of this year.
“From here on, July 8th will be recognized as Energy Independence Day, honoring the dedicated members of the Pickens Plan, our leaders in Washington who are taking action to promote energy reform, and the commitment of millions of Americans to break our addiction to foreign oil,” said Pickens.
The Pickens Plan was launched to address what the energy industry veteran has called “the greatest transfer of wealth in human history,” the approximately $475 billion the U.S. paid for foreign oil in 2008. America now relies on foreign nations — many of them unfriendly to the U.S. — for nearly 70 percent of its oil needs, a figure Pickens calls the greatest threat to America’s economic and national security.
“I applaud the Congressional leaders I stand with here today in our nation’s Capitol for their dedication to energy reform. By introducing and supporting legislation that encourages making better use of the abundant resources on our own soil, they are helping create the comprehensive energy plan this country has been lacking for 40 years. America’s national and economic security depends on moving off foreign oil as quickly as possible -- their commitment to keeping energy debate on the forefront is moving us one step closer,” continued Pickens. “We’ve accomplished a lot in a year, including elevating this issue to the national agenda and pressing for immediate action. We have made great progress in the past year, but there is still work to be done. We must keep fighting for a brighter, cleaner domestic energy future.”
In just one year, the Pickens Plan accomplishments include:
•Pickens built an advocacy base-- the Pickens New Energy Army-- of nearly 1.6 million members representing virtually every state and congressional district in the United States •The Pickens Plan website (www.pickensplan.com) has received over 17 million hits and was among the top 1,000 sites worldwide in the first month •Pickens secured nearly 2.7 billion media impressions •Pickens traveled to 35 states, 74 cities and hosted 22 Town Hall Meetings to promote the plan and to educate Americans on the threat imported oil has on our economy and security •Energy reform and foreign oil dependency were elevated to key issues in the 2008 election cycle, and Pickens met with both Presidential candidates on the campaign trail •Pickens participated in the Center For American Progress Action Fund’s National Clean Energy Summit, which was held in early 2009 to discuss America’s energy future; participants included President Bill Clinton, Vice President Al Gore, Honorary Chairman Senator Harry Reid, Energy Secretary Steven Chu, Speaker Nancy Pelosi, Pickens and several other leading decision policy makers •Approximately 450 bipartisan elected officials have signed the Pickens Pledge for Energy Independence, including 55 U.S. Representatives, 9 U.S. Senators, and 13 Governors •Dozens of corporate and third-party supporters include leading environmentalist Robert Kennedy Jr., American Electric Power, The American Wind Energy Association, AutoNation, Owens Corning, The Propane Education & Resources Council, NGVAmerica and the Sierra Club •Legislative successes that have included incentives that will transform domestic energy production, transmission, and distribution by allowing for a smarter and better grid and focusing investment in renewable technology through tax credits, grants, and loan guarantees •Legislative initiatives moving forward in the House and Senate including a national renewable electricity standard, transmission reform, a green bank to finance America’s move to domestic energy sources, and conversion of trucking fleets to natural gas What Others Have Said About the Pickens Plan:
“I've really come to admire Boone Pickens, he's someone who's made a fortune in oil and he said before he died he wanted to do something for his country and he's doing that.”
Senate Majority Leader Harry Reid.
“I want to congratulate my very good friend T. Boone Pickens on the first Anniversary of the Pickens Plan. I’m so proud of the tremendous work that Boone is doing to transform our energy future…Congratulations, and once again, a Happy Energy Independence Day.”
California Governor Arnold Schwarzenegger.
“United States of America, our country, is the only nation that can lead the world when a crisis like this looms. And in order to lead the world, we have to restore the momentum and the can-do spirit that - Boone Pickens exemplifies this - let’s go and let’s do this.”
Former Vice President Al Gore
“T. Boone Pickens is celebrating the first anniversary of the Pickens Plan. Since we joined in hosting a Town Hall meeting on Capitol Hill for House and Senate staffers, we have been working together to help America understand that investing in clean energy is not just an investment in a cleaner, greener America. The Pickens Plan will have an immediate impact on creating jobs and keeping American dollars on American soil.”
Robert F. Kennedy, Jr.
“We are proud of our partnership with the Pickens Plan and congratulate Boone and all of the 1.6 million members of the Pickens Plan Army on the first anniversary of the Pickens Plan.”
Owens Corning Chairman Mike Thaman
“Last December, the American Lung Association joined with Mayor Mike Bloomberg and T. Boone Pickens at an event in New York City to mark the occasion of the American Lung Association’s support of the Pickens Plan. Since that time many other groups have followed our lead in supporting an energy plan that will have a significant positive impact on air quality throughout the nation. The American Lung Association would like to congratulate Boone Pickens on the first anniversary of the Pickens Plan. We urge everyone to join in this effort.”
American Lung Association President and CEO Charles D. Connor
About the Pickens Plan
Unveiled on July 8, 2008 by T. Boone Pickens, the Pickens Plan is a detailed solution for ending the United States’ growing dependence on foreign oil. Last year, when oil prices reached $140/barrel, America was spending about $700 billion for foreign oil, equaling the greatest transfer of wealth in human history. That figure has decreased some while oil prices have retreated, but the U.S. is still dependent on foreign nations for nearly 70 percent of its oil, representing a continuing national security and national economic threat. The plan calls for expanding the use of domestic renewable resources, such as wind and solar, in power generation and using our abundant supplies of natural gas as a transportation fuel, replacing more than one-third of our imported oil.
More than 1.6 million people have joined the Pickens Army through the website www.pickensplan.com, which has had over 17,000,000 hits. For more information on the Pickens Plan please visit our website www.pickensplan.com.
Contacts For T. Boone PickensJay Rosser, 214-265-4165Jay@bpcap.netorMelissa McKay, 212-446-1898press@pickensplan.com
News & Stories Published at Clean Energy Stocks Blog
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Visit the Renewable energy stocks directory at
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WASHINGTON--July 8 2009 --Energy expert T. Boone Pickens today declared “Energy Independence Day” on the one year anniversary of the launch of the Pickens Plan. This declaration clearly affirms the ongoing American commitment to ending our addiction to foreign oil.
Pickens marked the anniversary by joining a large bipartisan group of Congressional leaders in the House and the Senate at the U.S. Capitol Building to recognize legislation supporting the sale and use of vehicles that run on clean, domestic natural gas. Pickens appeared with Senate Majority Leader Harry Reid and Senators Robert Menendez (D-NJ) and Orrin Hatch (R-UT) to introduce the NAT GAS Act. Pickens also joined Representatives Dan Boren (D-OK), John Larson (D-CT) and John Sullivan (R-OK) and several other bipartisan cosponsors of HR 1835, the NAT GAS Act, introduced on April 1 of this year.
“From here on, July 8th will be recognized as Energy Independence Day, honoring the dedicated members of the Pickens Plan, our leaders in Washington who are taking action to promote energy reform, and the commitment of millions of Americans to break our addiction to foreign oil,” said Pickens.
The Pickens Plan was launched to address what the energy industry veteran has called “the greatest transfer of wealth in human history,” the approximately $475 billion the U.S. paid for foreign oil in 2008. America now relies on foreign nations — many of them unfriendly to the U.S. — for nearly 70 percent of its oil needs, a figure Pickens calls the greatest threat to America’s economic and national security.
“I applaud the Congressional leaders I stand with here today in our nation’s Capitol for their dedication to energy reform. By introducing and supporting legislation that encourages making better use of the abundant resources on our own soil, they are helping create the comprehensive energy plan this country has been lacking for 40 years. America’s national and economic security depends on moving off foreign oil as quickly as possible -- their commitment to keeping energy debate on the forefront is moving us one step closer,” continued Pickens. “We’ve accomplished a lot in a year, including elevating this issue to the national agenda and pressing for immediate action. We have made great progress in the past year, but there is still work to be done. We must keep fighting for a brighter, cleaner domestic energy future.”
In just one year, the Pickens Plan accomplishments include:
•Pickens built an advocacy base-- the Pickens New Energy Army-- of nearly 1.6 million members representing virtually every state and congressional district in the United States •The Pickens Plan website (www.pickensplan.com) has received over 17 million hits and was among the top 1,000 sites worldwide in the first month •Pickens secured nearly 2.7 billion media impressions •Pickens traveled to 35 states, 74 cities and hosted 22 Town Hall Meetings to promote the plan and to educate Americans on the threat imported oil has on our economy and security •Energy reform and foreign oil dependency were elevated to key issues in the 2008 election cycle, and Pickens met with both Presidential candidates on the campaign trail •Pickens participated in the Center For American Progress Action Fund’s National Clean Energy Summit, which was held in early 2009 to discuss America’s energy future; participants included President Bill Clinton, Vice President Al Gore, Honorary Chairman Senator Harry Reid, Energy Secretary Steven Chu, Speaker Nancy Pelosi, Pickens and several other leading decision policy makers •Approximately 450 bipartisan elected officials have signed the Pickens Pledge for Energy Independence, including 55 U.S. Representatives, 9 U.S. Senators, and 13 Governors •Dozens of corporate and third-party supporters include leading environmentalist Robert Kennedy Jr., American Electric Power, The American Wind Energy Association, AutoNation, Owens Corning, The Propane Education & Resources Council, NGVAmerica and the Sierra Club •Legislative successes that have included incentives that will transform domestic energy production, transmission, and distribution by allowing for a smarter and better grid and focusing investment in renewable technology through tax credits, grants, and loan guarantees •Legislative initiatives moving forward in the House and Senate including a national renewable electricity standard, transmission reform, a green bank to finance America’s move to domestic energy sources, and conversion of trucking fleets to natural gas What Others Have Said About the Pickens Plan:
“I've really come to admire Boone Pickens, he's someone who's made a fortune in oil and he said before he died he wanted to do something for his country and he's doing that.”
Senate Majority Leader Harry Reid.
“I want to congratulate my very good friend T. Boone Pickens on the first Anniversary of the Pickens Plan. I’m so proud of the tremendous work that Boone is doing to transform our energy future…Congratulations, and once again, a Happy Energy Independence Day.”
California Governor Arnold Schwarzenegger.
“United States of America, our country, is the only nation that can lead the world when a crisis like this looms. And in order to lead the world, we have to restore the momentum and the can-do spirit that - Boone Pickens exemplifies this - let’s go and let’s do this.”
Former Vice President Al Gore
“T. Boone Pickens is celebrating the first anniversary of the Pickens Plan. Since we joined in hosting a Town Hall meeting on Capitol Hill for House and Senate staffers, we have been working together to help America understand that investing in clean energy is not just an investment in a cleaner, greener America. The Pickens Plan will have an immediate impact on creating jobs and keeping American dollars on American soil.”
Robert F. Kennedy, Jr.
“We are proud of our partnership with the Pickens Plan and congratulate Boone and all of the 1.6 million members of the Pickens Plan Army on the first anniversary of the Pickens Plan.”
Owens Corning Chairman Mike Thaman
“Last December, the American Lung Association joined with Mayor Mike Bloomberg and T. Boone Pickens at an event in New York City to mark the occasion of the American Lung Association’s support of the Pickens Plan. Since that time many other groups have followed our lead in supporting an energy plan that will have a significant positive impact on air quality throughout the nation. The American Lung Association would like to congratulate Boone Pickens on the first anniversary of the Pickens Plan. We urge everyone to join in this effort.”
American Lung Association President and CEO Charles D. Connor
About the Pickens Plan
Unveiled on July 8, 2008 by T. Boone Pickens, the Pickens Plan is a detailed solution for ending the United States’ growing dependence on foreign oil. Last year, when oil prices reached $140/barrel, America was spending about $700 billion for foreign oil, equaling the greatest transfer of wealth in human history. That figure has decreased some while oil prices have retreated, but the U.S. is still dependent on foreign nations for nearly 70 percent of its oil, representing a continuing national security and national economic threat. The plan calls for expanding the use of domestic renewable resources, such as wind and solar, in power generation and using our abundant supplies of natural gas as a transportation fuel, replacing more than one-third of our imported oil.
More than 1.6 million people have joined the Pickens Army through the website www.pickensplan.com, which has had over 17,000,000 hits. For more information on the Pickens Plan please visit our website www.pickensplan.com.
Contacts For T. Boone PickensJay Rosser, 214-265-4165Jay@bpcap.netorMelissa McKay, 212-446-1898press@pickensplan.com
News & Stories Published at Clean Energy Stocks Blog
Research Renewable Energy and water stocks as an Investor Ideas member and gain access to global green stock directories.
Visit the Renewable energy stocks directory at
http://www.investorideas.com/Companies/RenewableEnergy/Stock_List.asp
Membership sign-up- get access to all of our green stock directories and water stock directory
Join- http://www.investorideas.com/membership/
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