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A recent Autobloggreen podcast included the audio of T. Boone Pickens' breakfast keynote discussion about oil and alternative fuels at this year's Alternative Fuel event in Las Vegas.
Some of the best quotes:
- "We are importing 72 percent of our oil. ... We are now transferring $600 billion [a year] out of the United States to a few friends and a hell of a bunch of enemies. I can tell you, we are paying for the war against ourselves."
- "If they [China] had the Olympics today, in this smog, and ran the 100 meter dash, it would have to be a relay."
- "Diesel will never sell, again, below gasoline. It will always be more expensive than gasoline."
- "We're actually dealing with a huge shift of capital out to somewhere. We're going to be reduced to - I promise you it's going to happen pretty quick, too - we'll be reduced to something less than the superpower that we are."
The main problem, Pickens said, is that 85 million barrels a day is as much oil as the world industry can produce. That's it. More simply isn't possible. The trouble is, in the next quarter, demand will be around 86.5m barrels each day. The only solution that Boone sees is to make all the alternatives - he singled out wind and solar - much (much) bigger players in America's energy portfolio. For example, even with all of the problems with corn ethanol, he'd rather use it than foreign oil.
When it comes to natural gas vehicles, Pickens said, the U.S. seriously lags behind the rest of the world. There are 7m natural gas vehicles in the world, but only 150,000 in the U.S. It hurt him to say so, but he wishes the U.S. had followed France into the nuclear frontier. Also, Littlefair and Pickens agree that natural gas is a bridge to hydrogen.
Check out the audio in podcast #22 at:
http://www.autobloggreen.com/2008/05/23 ... odcast-22/
:shock:
Some of the best quotes:
- "We are importing 72 percent of our oil. ... We are now transferring $600 billion [a year] out of the United States to a few friends and a hell of a bunch of enemies. I can tell you, we are paying for the war against ourselves."
- "If they [China] had the Olympics today, in this smog, and ran the 100 meter dash, it would have to be a relay."
- "Diesel will never sell, again, below gasoline. It will always be more expensive than gasoline."
- "We're actually dealing with a huge shift of capital out to somewhere. We're going to be reduced to - I promise you it's going to happen pretty quick, too - we'll be reduced to something less than the superpower that we are."
The main problem, Pickens said, is that 85 million barrels a day is as much oil as the world industry can produce. That's it. More simply isn't possible. The trouble is, in the next quarter, demand will be around 86.5m barrels each day. The only solution that Boone sees is to make all the alternatives - he singled out wind and solar - much (much) bigger players in America's energy portfolio. For example, even with all of the problems with corn ethanol, he'd rather use it than foreign oil.
When it comes to natural gas vehicles, Pickens said, the U.S. seriously lags behind the rest of the world. There are 7m natural gas vehicles in the world, but only 150,000 in the U.S. It hurt him to say so, but he wishes the U.S. had followed France into the nuclear frontier. Also, Littlefair and Pickens agree that natural gas is a bridge to hydrogen.
Check out the audio in podcast #22 at:
http://www.autobloggreen.com/2008/05/23 ... odcast-22/
:shock:
