February 28, 2013

Pickens: Let's Kill OPEC's Grip on Our Economy

Loren Steffy, Fuel Fix


T. Boone Pickens was headed to a private lunch with outgoing Energy Secretary Steven Chu when I caught up with him by phone this week.

In the four years that Chu’s been in office, he’s never met privately with Pickens, the outspoken former oilman turned investor who’s been a proponent of natural gas vehicles.

For the past few years, Pickens, who lives in Dallas, has been promoting his plan to wean the country off foreign oil. Critics are quick to point out that Pickens’ agenda would promote his investments in natural gas and a company that makes natural gas vehicles. Others call that putting his money where his mouth is.

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TAGGED: T. Boone Pickens, OPEC


October 18, 2013
2 Truths on the Oil Embargo's 40th Anniversary
Harold Hamm, Forbes
Forty years ago, OPEC exerted its control of worldwide oil supplies by detonating what became known as the “oil weapon” – an embargo that quadrupled oil prices, forced gasoline rationing, and revealed a... more ››
October 22, 2013
Forty Years Ago, Scarcity Was Our Reality
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October 17 was the fortieth anniversary of the oil embargo slapped on America by the Organization of Petroleum Exporting Countries (OPEC). That action changed the entire geopolitical map by taking the power from the United States... more ››
October 16, 2013
The U.S. Has a Bigger Weapon vs. OPEC Now
Ed Morse, Financial Times
Wednesday marks the 40th anniversary of the Arab oil embargo, a turning point for US energy security policy.The embargo was imposed by the Organization of Arab Petroleum Exporting Countries after the Yom Kippur war. Oapec banned... more ››
Nearly 40 years ago to the day, oil producers in the Middle East retaliated against America's support for Israel during the Yom Kippur War by cutting their output by five percent. The result? Oil prices quadrupled and... more ››
October 15, 2013
Even with Shale Boom, We Won't Be the Next OPEC
National Journal
Forty years ago this week, a group of Middle Eastern petro-states introduced the world to a powerful new weapon. After the U.S. supplied Israel with an arsenal of missiles during the Yom Kippur War of October 1973, the Arab... more ››