Posted on 10/10/2013 5:53:26 AM PDT by thackney
The proposed Keystone XL oil pipeline from Canada to the U.S. would make "OPEC obsolete," billionaire energy entrepreneur T. Boone Pickens told CNBC on Wednesday.
"Canadians say they have 250 billion barrels [of oil]. That's exactly what the Saudis claim they have," he said in a "Squawk Box" interview. "You're sitting there with the same amount of oil available to the United States from Canada … as Saudi Arabia."
"But when you move the oil through the Strait of Hormuz everyday, it's 17 million barrels," Pickens said. "The Navy is shepherding a cartel daily through the Strait of Hormuz. And then to China and Europe, and we get 10 percent of it."
(Excerpt) Read more at cnbc.com ...
It is about the oil but it’s not ALL about the oil. OPEC needs to be kept closer, not pushed away IMO.
1. Announce the green light for Keystone.
2. Open up offshore drilling on all 3 oceans.
3. End "boutique blend" gasoline grades.
4. Start drilling on federal lands.
If I can think of this, don't you think somebody in the Energy Department knows this? Doesn't Obama know this? If he knows it, why doesn't he implement it?
The evidence shows it is NOT Ow-ebama's goal to improve America's world standing or economy.
Tee Bone is the Dick Morris of the energy business so although I’d like to believe this...
Oh BTW Tee Bone how’s those windmill thingies workin’ out?
There’s a reason why gas is not $2 a gallon. Ask Americans if this would change it. Most don’t believe it will.
Energy prices in the US could be much lower today. To wit:
“1. Announce the green light for Keystone.
2. Open up offshore drilling on all 3 oceans.
3. End “boutique blend” gasoline grades.
4. Start drilling on federal lands.
If I can think of this, don’t you think somebody in the Energy Department knows this? Doesn’t Obama know this? If he knows it, why doesn’t he implement it?”
********
It’s called CONTROL.
Most Americans who voted last year voted for BHO. Did they get what they deserved?
The benefits are obvious, patently obvious and will benefit the entire economy. Why block it?
If we produced anywhere near our capability it would put the mideast back in the stoneage where they belong.
I once thought that way until I met Boone and sat with him talking about this.
His philosophy is simple: get away from imported energy as fast as possible because the Middle East is collapsing rapidly. The Saudi Royal family will collapse soon and that will plunge the entire ME into abject turmoil.
If islamists take over, they may shut off energy to the West. They do not care if their people starve without oil revenue....their ideology comes first.
Boone did the windmill stuff to silence the greenies who hate him for making his fortune in oil. He is a supporter, but only if it is economical (which he said is not possible)
After that, I didn't judge him as harshly.
Jeez, Boone, shut up. If Obama hears you, the pipeline will NEVER get approved. Environment is one thing, but acceding to the Saudi King, protector of Islam, is quite another.
But the Saudi’s have 0bama (and likely previous admins.) by the shorts. They freak out over the Keystone pipeline.
DRILL BABY DRILL!!!!
What’s really at stake? A questionable “ally”? Use of Saudi air bases, etc.?
What actions does that sentiment imply? Do you think we need to buy more oil from OPEC?
The man is intelligent and a patriot. But after decades of experience, every time he speaks, I have this feeling I should check my wallet and grip it tightly.
“End “boutique blend” gasoline grades.”
What are “boutique blends” and why would their elimination lower energy prices?
What about rising electricity prices because of government mandates? Some rates have doubled in ten years the root cause being government green energy and EPA mandates.
I have come to believe that Obama had strong advice that blocking the Gulf deep wells, the Keystone pipe line and other such endeavors would endear him to his base
It turns out that the strong reserves growth in North Dakota, Texas and elsewhere have blunted much of the criticism.
He has invested many millions into his campaign for energy independence already. A few million on windmills is worth it, in his mind.
This way he can say he is for "all energy sources" to make us energy independent.
-——How many millions did he lose on windmills? Doesn’t he know that the greenies still hate him because he is still rich?——
We don’t know he actually lost any thing on wind turbines. He collected subsidies and the vast seemingly unending arrays across west Texas are turning. Given who knows what tax incentives to shelter other profits, he might not lose anything.
His other venture with Pilot Flying J to install natural gas filling stations for interstate truckers will be what he is remembered for.
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