Tuesday, April 12, 2011

It's A Gas

T. Boone Pickens, fabled oil speculator, has some interesting things to say about getting the U.S. to convert to using much more domestically produced natural gas, and consequently much less imported oil. Assuming his numbers are accurate, he makes a compelling case.

Pickens' interest in gas isn't altruistic; he holds a large position in natural gas and would benefit hugely if we did as he urges. Just because he has a dog in the fight doesn't mean his reasoning is wrong. It does mean we should be sure what he's told us is accurate and is the whole story. See his reasoning here in Forbes.