Posted on 06/19/2009 11:07:40 AM PDT by TLI
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Legendary oil man T. Boone Pickens says that if the U.S. doesnt take major steps to curb its reliance on foreign oil, the consequences will be drastic.
Lets say in 10 years, you do nothing, Pickens tells Fortune.
You will be importing 75 percent of your oil (up from 68 percent now), and youll be paying $300 a barrel.
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(Excerpt) Read more at moneynews.newsmax.com ...
We are sitting on a friggin seas of oil. New discoveries in the United States say we have enough for 50 years at our present rate of consumption.
There is no excuse for us to be buying foreign oil. We need refineries and drilling we dont need imports.
The powers that be have made their minds up that we are having Globa, Warming and that they will make energy expensive and there appears to be nothing we can do about it. The way things stand now
When the squeeze comes in the citizens will begin to get restless and demand oil be drilled,We have to replace every POS in the Congress, and bote for no Encumbents in the next election. Throw the bums out.
The, the enemy forces stole the election and seized power in Washington.
Then, the enemy forces stole the election and seized power in Washington.
AW JEEZ! NOT THIS SH** AGAIN!!
if it does, guys like Boone will be just a few steps in line behind Obama and Algore, waiting for their tar and feathers...
Agreed, although if you believe that oil is a finite resource, it makes sense to use foreign oil first. But not so much that you liquidate the country in the process. And not so much that you have no alternatives when they raise rates.
Agreed, although if you believe that oil is a finite resource, it makes sense to use foreign oil first. But not so much that you liquidate the country in the process. And not so much that you have no alternatives when they raise rates.
The reason oil is going to be costing $300 a barrel is because the dollar is going to drop to about 10% of its present purchasing power. $300 will be about equal to what $30 was worth on September 18, 2008. You know, the day before it became absolutely, positively, imperative that a new flood of cash be injected into the economy to bail out the banks and insurance companies, before they fell like dominos.
The dollar today is only worth about 1% of what it was in 1909, before any of this “progressive” stuff got under way.
Did you know that a brand new 1949 Ford cost $1,806 in June 1949, right off the showroom floor? And that was not even their cheapest model, which would have been the plain business coupe, six-cylinder, no clock, no heater, no radio, which was available for $1,380.
And Chevrolet could beat even that price.
Maybe he can buy up the recycling french fry oil franchise from McDonalds....Hurry, T BOONE! There still may be time to make another buck to add to your billions you asshole!
The first car I ever bought myself was $2700, a brand new 72 Nova 350 3-speed 2-door...right after returning from overseas....
I hope Palin gets going with some of those pipelines to suck oil from our soviet buddies.
Used to stop at the local airport for a bit of avgas for each tankful, yahooo!!
But of course the pay czar will make sure the minimum wage by then is 500,000.00 per year.
Sorry, Pickens. I don’t want to pay $1k a month to heat my home just because you don’t think NG demand is high enough yet.
"Never waste a crises..." says Rahm.
It has always bothered me how oil prices collapsed during the election, thereby removing a powerful issue for the Republican party. It's more than ironic to me how prices are soaring now that 'bam is in office.
It's a handful of governments that control the oil market, and none of them are our friends, so it's plausible.
And it's truly scary that it could be so easy to policy, even elections here. People can't see much beyond their noses.
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