Listen To T Boone Pickens
July 11th 2008 20:46
T. Boone Pickens is sick and he's trying to wake up America, In an interview with the Chicago Tribune, declaring the threat to the U.S. because of oil "is very close to war."
The country has been in denial for a long time.... These [presidential] candidates do not understand. They don't understand how critical this all is.
[...]
To blame Exxon Mobil for the price of gasoline being $4 a gallon is silly. The total amount of oil available every day in the world is 85 million barrels. That's it—that's blood, guts and feathers. That's the whole thing. And Exxon has 2.5 percent of that. That's all they have. Exxon is a peanut as far as owning oil in the global sense of things. Seventy percent of all the oil owned in the world today is owned by state-owned oil companies. The [U.S.] oil companies do not own the oil.
The OPEC countries this year will receive, in oil revenues, $700 billion [from the U.S.]. What does all that mean to us? I don't know what you call it—naive, weak, stupid or whatever—but we have drifted, drifted, drifted to where we're now importing almost 70 percent of our oil. In 40 years, we have never had an energy plan. Republican, Democrat, it doesn't make any difference. No one, nobody, has ever had an energy plan.
[...]
To blame Exxon Mobil for the price of gasoline being $4 a gallon is silly. The total amount of oil available every day in the world is 85 million barrels. That's it—that's blood, guts and feathers. That's the whole thing. And Exxon has 2.5 percent of that. That's all they have. Exxon is a peanut as far as owning oil in the global sense of things. Seventy percent of all the oil owned in the world today is owned by state-owned oil companies. The [U.S.] oil companies do not own the oil.
The OPEC countries this year will receive, in oil revenues, $700 billion [from the U.S.]. What does all that mean to us? I don't know what you call it—naive, weak, stupid or whatever—but we have drifted, drifted, drifted to where we're now importing almost 70 percent of our oil. In 40 years, we have never had an energy plan. Republican, Democrat, it doesn't make any difference. No one, nobody, has ever had an energy plan.
Exxon is the largest company in the world, yet owns only 2.5%. While Exxon sends over $100 Billion in taxes to the U.S. government, we are sending over $700 Billion out of the country and next year it will be over $800 Billion. We can not continue this way. Meanwhile, 85% of our offshore land is unavailable to drilling. Meanwhile, Ted Kennedy is against wind power in his state; and we are against nuclear power and coal and oil shale and drilling in ANWR. We are due for a strong wakeup. $4.00 gasoline is child spit compared to what we're in for.
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