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T. BOONE PICKENS AND ROBERT F. KENNEDY, JR. HOST CAPITOL HILL ENERGY POLICY BRIEFING
Washington, DC – January 13, 2009 – T. Boone Pickens and Robert F. Kennedy, Jr. today provided an energy policy briefing on Capitol Hill for Congressional staff members and the media. Messrs. Pickens and Kennedy addressed the energy crisis, emphasizing the need for renewed and increased investment in domestic and alternative energy sources and the positive impact of these efforts on our economy and the environment.
"Investing in clean energy not only helps create a greener America, but also a more secure America. Ending our dependence on foreign oil remains a top priority as our country faces enemies overseas and economic uncertainty at home. The steps outlined in the Pickens Plan will make a significant and immediate impact on the energy crisis, creating jobs, cleaning our environment, and keeping American dollars on American soil," said Mr. Kennedy.
Pickens today launched a monthly update on our dependency on foreign oil, which last month reached 66.5 percent, sending over $19 billion overseas at an astonishing rate of $432,000 per minute, based on the latest figures from the US Department of Energy’s Energy Information Administration (EIA).
Said Mr. Pickens, "I believe that President-elect Obama understands the urgency of the energy crisis at hand. Our dependency on foreign oil, exporting billions of dollars per month, cannot continue while the recession lingers on and unemployment is at its highest in 60 years. Investing in domestic energy sources, focusing on conservation, harnessing alternative resources like wind and solar power and utilizing our abundant supply of natural gas and plug-in batteries as an alternative to foreign oil for transportation fuels will mean green-collar jobs for America, will improve our environment and will reduce the economic and security threat associated with foreign oil dependency."
About T. Boone Pickens
Mr. Pickens is the founder and chairman of BP Capital Management and previously spent four decades at the helm of Mesa Petroleum. Under his leadership, Mesa grew to become one of the largest and most well known independent exploration and production companies in the United States; Mesa produced more than 3 trillion cubic feet of gas and 150 million barrels of oil from 1964 to 1996. With sixty years of experience in the oil and gas industry, Mr. Pickens frequently utilizes his wealth of experience in the evaluation of potential equity investments and energy sector themes.
About Robert F. Kennedy, Jr.
Mr. Kennedy serves as Senior Attorney for Natural Resources Defense Council and Chairman of Waterkeeper Alliance. He is also Professor and Supervising Attorney at Pace University School of Law’s Environmental Litigation Clinic and is co-host of Ring of Fire on Air America Radio. He is author of numerous books and articles on America’s environmental, economic and energy policies.
About the Pickens Plan
Unveiled on July 8, 2008 by T. Boone Pickens, the Pickens Plan is a detailed solution for ending the United States’ growing dependence on foreign oil. Earlier this year, when oil prices reached $140/barrel, America was spending about $700 billion for foreign oil, equaling the greatest transfer of wealth in human history. That figure has decreased some while oil prices have retreated, but the U.S. is still dependent on foreign nations for nearly 70 percent of its oil, representing a continuing national economic and national security threat. The plan calls for investing in power generation from domestic renewable resources such as wind and using our abundant supplies of natural gas as a transportation fuel, replacing more than one-third of our imported oil. The Pickens Plan has been endorsed by esteemed environmentalists, including Sierra Club President Carl Pope.
More than 1,350,000 people have joined the Pickens Army through the website www.pickensplan.com, which has had over 14,000,000 hits. For more information on the Pickens Plan please visit our website. press@pickensplan.com
Contact:
Jay Rosser
214 265 4165
Jay@bpcap.net
or
Melissa McKay
212 446 1898
press@pickensplan.com
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