Tuesday, May 20, 2008

T. Boone's Picking Natty Gas

OIL Tycoon T. Boone Pickens believes Natural Gas is the best energy substitute + Long term SOLUTION to the U.S.'s addiction to foreign Crude OIL.

Pickens believes the U.S. can reduce its (foreign) crude oil IMPORTS by about 40% within 10 years...replacing these imports with DOMESTIC natural Gas.

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*Lastly, T Boone's energy analysis tells him Crude OIL prices have been rising due to a fundamental imbalance in supply and demand (Economics 101):

WW Crude Oil Supply: 85 million barrels per day
WW Crude Oil Demand: 87 million barrels per day

*Check out T. Boone's bio on Wiki:
http://en.wikipedia.org/wiki/T_boone_pickens