From the Desk of T. Boone Pickens
The oil import numbers for February have been released and, as usual, the news hasn't changed much.
We're still importing nearly 60% of the oil we use and we're still using about 70% of that for gasoline to drive our cars, light trucks, and SUVs, and diesel for heavy-duty trucks like 18-wheelers and refuse/recycling trucks.
In February, we imported 322 million barrels of petroleum at a total cost of $24.6 billion. That means we're still on track to send approximately 1/3 OF A TRILLION DOLLARS out of the country this year to pay for our gasoline and diesel - and that's with February being a short month and the world still in a recession!
Click here to listen to what I had to say about it.
I'm confident we'll see legislation passed this year that will expand natural gas as a clean burning domestic alternative, jump starting the natural gas vehicle industry in America and moving us toward ending our dependence on the Middle East for oil.
-- Boone
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