T. Boone Pickens: Natural Gas Is the Key To Winning the War on Terrora

miércoles 8 de julio de 2015

On the seventh anniversary of the Pickens Plan, it's time to stop buying oil from the Middle East

Just as gasoline prices are falling and consumers think we’ve begun to chip away at our OPEC oil dependence problem, a threat is emerging from ISIS, and what could easily be referred to as an Organized Petroleum Exporting Caliphate.

The OPEC oil issue has consumed me. Seven years ago, I committed myself to a broad public campaign to highlight the dangers of America’s then-escalating dependence on OPEC oil imports. I have invested more than $100 million in an effort to impact public policy energy issues and secure an energy plan for America. I’m also the founder and CEO of BP Capital, an energy-focused hedge fund that trades in natural gas and crude oil futures as well as energy equities, and a large shareholder of Clean Energy Fuels, a leading supplier of natural gas as a transportation fuel.

Seven years ago, OPEC oil imports was the greatest transfer of wealth in human history, and a critical threat to America’s national and economic security. When the vast oil and gas reserves that had been locked within the massive shale deposits under North America became economically viable, many people thought “Whew. Problem solved.”

Not so. Not only is Saudi Arabia still playing geopolitics with world oil prices to protect its market share, but ISIS is now funding a considerable amount of its activities — perhaps as much as $3 million per day — by illegally selling oil captured in Iraq and Syria on the world markets.

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