Pickens: U.S. ‘Absolute Fools’ If Keystone Pipeline Isn’t Approved
‘The decision should have been an easy one’
On Wednesday, T. Boone Pickens criticized the Obama administration’s lack of action regarding the Keystone pipeline. Pickens stressed the U.S. would be ‘absolute fools if we let it get away from us.’
CARL QUINTANILLA: Hey, Boone, it’s Carl. A
lot of discussion this week whether we’ll get a Keystone announcement.
It felt like the White House was going put it out there in conjunction
with some sort of broad climate change initiative and that appears to
have been rolled back a little bit. Do you think we’ll hear more in the
back half of this year?
BOONE PICKENS: I don’t know, Carl. I’ve
been very surprised that this decision — you know, they’re choking on a
gnat. The decision should have been an easy one. There’s 250 billion
barrels of oil up in Fort McMurray. That oil is available to the United
States. How does 250 billion compare around the world? That’s what the
Saudis claim they have. 250 billion barrels. Here you are with oil at
the level of Saudi Arabia, contiguous to America wanting to sell it to
us. We are absolute fools if we let that get away from us.
QUINTANILLA: It’s amazing to me, Boone,
even with all that policy and decision and some of the concerns that
Simon brings up, I mean, this is still, regardless of all of that,
turning into a huge economic tailwind for this country. David Tepper
this week said it would drive a manufacturing renaissance here. What
we’ll be responsible for in terms of output over the next few years is
unbelievable.
PICKENS: It is unbelievable you’re right
and we have built on the back of cheap energy in the United States. The
economy does well. Any country in the world that is using their own
resources is doing well and that’s exactly what can happen to the United
States if we had a little leadership in Washington to take us down that
path.
No comments:
Post a Comment