Boone Pickens promotes domestic energy use

Boone Pickens spoke on CNBC today about a wide range of topics, including power generation, the national economy and politics, but he focused primarily on his long-running stance that the United States must rely on domestic energy sources.

The answer for the country’s debt problem is to produce our own energy and stop shipping American dollars to energy producers in the Middle East and other parts of the world, he said.

If you look at countries around the world that are on their own resources, they’re doing very well,” he said.

Pickens called for the United States to create an energy alliance with Canada and Mexico “and get off the OPEC oil.”

Pickens said he expects a moderate increase in energy prices over the next six months with year-end prices of West Texas Intermediate crude at about $100 a barrel, Brent International crude at $115 to $20 and natural gas at $4 per thousand cubic feet.

 

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