homepage home
subscribe to Texas Construction magazine subscribe
newsletters free e-newsletter
advertise
industry jobs industry jobs
Mcgraw Hill Construction
Texas Construction Logo
Order Your RISK FREE Subscription
comment

T. Boone Pickens Opens Sunbelt Builders Show in Grapevine

Text size: A A

Touting his Pickens Plan, Dallas oilman and philanthropist T. Boone Pickens, the 82-year-old Texas oil tycoon, gave the keynote address to attendees in September at the 2010 Sunbelt Builders Show held at the Gaylord Texan.

----- Advertising -----

Pickens says out of the 85 million barrels of oil produced daily across the globe, the U.S.–with 4% of the world’s population–consumes 21 million [per day] of those.

“Of the 14 million barrels we import every day, five million comes from OPEC and the Middle East; from countries where our State Department advises us not to travel.”

He adds that America has the resources that could recover that five million a day by taking advantage of natural gas reserves, “which are the largest in the world.”

“We have 4,000 trillion cu ft of natural gas, which is the oil equivalent of three times as many barrels of oil that the Saudis have. It’s cleaner, cheaper, abundant and its ours,” Pickens says.

Pickens says part of his proposed plan includes having a mandate that all federal vehicles purchased in the future use only domestic fuel.

 

----- Advertising -----
Blogs: Texas & La. Staff
Our blog delivers the latest news, insights, and opinions about Texas & Louisiana construction.
Reader Photos
Photos from ENR Texas & Louisiana Photo Showcase
Dodge Lead Center
Search for local construction projects OR CALL 877-234-4246 and get a FREE Lead Now!
Search by Project Type & State





----- Advertising -----
 Reader Comments:

Sign in to Comment

To write a comment about this story, please sign in. If this is your first time commenting on this site, you will be required to fill out a brief registration form. Your public username will be the beginning of the email address that you enter into the form (everything before the @ symbol). Other than that, none of the information that you enter will be publically displayed.

We welcome comments from all points of view. Off-topic or abusive comments, however, will be removed at the editors’ discretion.