Energy Independence and Domestic Oil - T. Boone Pickens
Added: Jan 9, 2009
From: ForaTv
Duration: 3:53
Complete video at: http://fora.tv/2008/09/22/T_Boone_Pickens_-_Reducing_Oil_DependenceBillionaire investor, philanthropist and energy reform activst T. Boone Pickens warns against expectations that domestic oil drilling can ever contribute significantly to American energy independence.-----Billionaire T. Boone Pickens presents his plan to reduce America's dependence on foreign oil at Georgetown University.The plan is centered on generating electricity with wind while diverting natural gas from power generation to transportation fuel.Mr. Boone Pickens is the founder of BP Capital. Pickens is active in the management of both the BP Capital Equity Fund and the BP Capital Commodity Fund. Specifically, Pickens is principally responsible for the formulation of the energy futures investment strategy of the BP Capital Commodity Fund and the BP Capital Equity Fund. Pickens frequently utilizes his wealth of experience in the oil and gas industry in the evaluation of potential equity investments and energy sector themes. He also participates in the marketing of the BP Capital Equity Fund to certain groups of potential investors. Pickens was the founder of Mesa Petroleum in its various forms beginning in 1956. Pickens' career at Mesa spanned four decades. Under his leadership, Mesa grew to become one of the largest and most well-known independent exploration and production companies in the U.S.
Channel: News
Rating: 4.67 (6 ratings) Views: 479' favoriteCount='5 Comments: 2
Isabella8466 Says:
Jan 9, 2009 - The problem with T Boone is that he wants Americans to subsidize his plah, so we pay twice. If you want the subsidy, forfeit the stock to the taxpayer.
Plutonwolf Says:
Jan 9, 2009 - Smart man. But does he acknowledge that importance of upgrading our efficiency in energy utilization across the spectrum?