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Pickens: Natural Gas Could Curb 60% of US Oil Appetite in 5 Years Read more: http://www.benzinga.co

Benzinga.com -- T Boone Pickens does not understand the political rhetoric centering expensive energy. He believes the United States already have the cheapest energy in the world--and politicians need to do a better job to communicate that.
A huge proponent of the Natural Gas Plan, Pickens detailed to CNBC's Squawk Box how the US natural gas supply, the largest in the word by far, holds the key to the country's energy independence from current gas pressures.


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Submitted Mar 07, 2012 By: drpepperTX
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Pickens: Natural Gas Could Curb 60% of US Oil Appetite in 5 Years Read more: http://www.benzinga.co Back to Topics
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honda0105
Champion Author Tallahassee

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Message Posted: Mar 10, 2012 8:49:55 AM

Sorry LEC, diesel is VERY low flammability... it's greasy, but it takes a LOT of compression to ignite diesel. Heck, I've seen an idiot throw a LIT cigarette into a bucket of diesel and NOTHING happened--ok, the cigarette went out, that was it.
Even heard someone talk about them welding (!) some tank on a big truck WITH the diesel in the tank.
Gasoline? ummm... wouldn't want to mix gasoline (or even NG) up with diesel.
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LetemEatCake
Champion Author Oklahoma City

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Message Posted: Mar 8, 2012 9:14:01 AM


joel27nc...

Actually, NG is much safer than gasoline. It has a limited range of flammability, meaning it requires the correct mixture of air and fuel to burn—somewhere in the 5 to 15 percent range, and an ignition temperature of approximately 1100 degrees F. Compare that to gasoline and diesel fuel which both have lower concentrations of flammability and lower temperatures of ignition.

Fuel Density.... Natural gas is lighter than air. If a leak were to develop, the gas would rise and disperse through the atmosphere giving little chance for ignition. Compare that to gasoline and diesel fuel, both of which are dense liquids that tend to pool and are easily ignitable.
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pbug101
Champion Author Georgia

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Message Posted: Mar 8, 2012 5:32:56 AM

Ok
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numbers
Champion Author North Dakota

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Message Posted: Mar 8, 2012 1:17:15 AM

Hate to fill bar-b-q
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Focus2
Champion Author Illinois

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Message Posted: Mar 7, 2012 11:31:42 PM

What happens to natural gas prices here once Wall Street decides to hedge bets with natural gas? Will we have to pay world prices for a domestic product? Right now, it is not the preferred transportation fuel.
I saw on TV news today that Chrysler is coming out with a pickup truck that runs on CNG and possibly gasoline too. Will be sold to the public by July this year. They now will join the Honda Civic GX for CNG vehicles. As for exporting natural gas, LNG is the gas that refineries want to export to other countries.
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joel27nc
Champion Author Raleigh

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Message Posted: Mar 7, 2012 11:09:41 PM

Natural gas under high pressure storage refuling autos is dangerous.
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Gassed01
Champion Author Toronto

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Message Posted: Mar 7, 2012 11:06:19 PM

T. Boone is pretty bright. Need some of his brains in Washington.
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regout
Champion Author Quebec

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Message Posted: Mar 7, 2012 11:05:55 PM

Nothing does it like 7up.
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TheSicilian
Champion Author Jacksonville

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Message Posted: Mar 7, 2012 11:05:31 PM

looking out for himself no doubt
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Pumpz
Sophomore Author Boston

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Message Posted: Mar 7, 2012 11:02:35 PM

No self serving though, right :)
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tampacrvdriver
Champion Author Tampa

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Message Posted: Mar 7, 2012 11:02:33 PM

Ulterior motives.
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furiousfowl
Champion Author Riverside

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Message Posted: Mar 7, 2012 11:01:58 PM

1 way to find out
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BlueVanGroup
Champion Author Fort Collins

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Message Posted: Mar 7, 2012 10:57:10 PM

Maybe, but then people will start screaming about "big natgas."
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mcmonsta
Champion Author Honolulu

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Message Posted: Mar 7, 2012 10:55:32 PM

keep it here so we may use it here, seems to make sense
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FastAndy
Champion Author Indianapolis

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Message Posted: Mar 7, 2012 10:54:14 PM

It is time to quit sending so much of our money to our enemies in the Middle East.
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SparkieMi
Champion Author Kalamazoo

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Message Posted: Mar 7, 2012 10:53:41 PM

Interesting... Time will tell....
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mfeldstein
Champion Author Ottawa

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Message Posted: Mar 7, 2012 10:52:52 PM

Pickens is out of his cotton pickens mind.
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Gas4Gore
Champion Author Detroit

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Message Posted: Mar 7, 2012 10:51:39 PM

T Boone Pickens is in this for himself only.
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mrreferee
Champion Author Savannah

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Message Posted: Mar 7, 2012 10:50:59 PM

but it would mean a change in our dependancy on the automobile and our driving habits. how many folks will really give up those?
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rjhenn
Champion Author Des Moines

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Message Posted: Mar 7, 2012 10:50:32 PM

suzmar - "Can anyone believe algae is a realistic alternative?"

Who would have believed that you could farm fish?

Yet look how popular tilapia is now.
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Suzzoom
Champion Author Nevada

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Message Posted: Mar 7, 2012 10:50:20 PM

We still need to push harder to develop cost-effective alternative renewable energy.
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gasaholicMO
Champion Author Missouri

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Message Posted: Mar 7, 2012 10:50:10 PM

We need to move toward natural gas as a fuel, but we also need to realize that natural gas is only a short term fix. We need to develop other energy sources.
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pgerassi
Champion Author Milwaukee

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Message Posted: Mar 7, 2012 10:49:41 PM

Nuclear is more plentiful and cheaper than NG. Its just the unreasoning fear of the stuff that causes the price to be high. Nuclear operationally costs only 0.83 cents per KWH which is the equivalent of NG at 25 cents per therm energy equivalent. If the efficiency of combined cycle power generation is taken into account, that drops to 15 cents per therm which is well below wholesale NG prices.
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g747
Champion Author Mobile

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Message Posted: Mar 7, 2012 10:49:32 PM

I can buy that from T.B.Pickens!!!!!!!!!!!!!!.
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LaVonneK
Champion Author Iowa

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Message Posted: Mar 7, 2012 10:40:17 PM

Yes. Time will tell.
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rjoeh
Champion Author Michigan

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Message Posted: Mar 7, 2012 10:39:33 PM

Yes... it can make us independent on energy needs as long as it is a player and not the dominant energy source. Coal for large scale energy production is still the best way for that sector of our energy needs and that needs to be kept in the formula while alternate energy sources supplement gas and oil for smaller applications.
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YellowDucky
Champion Author St. Louis

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Message Posted: Mar 7, 2012 10:39:17 PM

doubtful
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suzmar
Champion Author Texas

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Message Posted: Mar 7, 2012 10:32:37 PM

Mr. Pickens is right in that the U.S. should be taking more advantage of a plentiful source of energy instead of dreaming up pie in the sky energy alternatives. Can anyone believe algae is a realistic alternative?
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nance92
All-Star Author Ohio

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Message Posted: Mar 7, 2012 10:24:45 PM

Whatever.
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kymechanic
Champion Author Kentucky

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Message Posted: Mar 7, 2012 10:23:20 PM

Will never happen!
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KhelbenArunson
Champion Author Michigan

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Message Posted: Mar 7, 2012 10:22:19 PM

As long as the price of natural gas doesn't spike and put the whole country into a grinder then fine. But I still think we need to continue looking for more alternate choices that are far more controllable.
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Ahking
Champion Author Orange County

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Message Posted: Mar 7, 2012 10:21:02 PM

it's an idea
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kcboy
Champion Author Utah

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Message Posted: Mar 7, 2012 10:19:58 PM

Interesting
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gd83goldwinger
Champion Author South Bend

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Message Posted: Mar 7, 2012 10:13:07 PM

Let's see what happens down the line.
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ssect8
Champion Author Hartford

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Message Posted: Mar 7, 2012 10:12:28 PM

He's full of it and has a big big stake in natural gas, so what else would he say?
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LegoVasavouchi
Champion Author Oklahoma

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Message Posted: Mar 7, 2012 10:12:06 PM

Fascinating.
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boatmen
Champion Author New York

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Message Posted: Mar 7, 2012 10:11:05 PM

Natural Gas is the future We have it. Make Cars that run off it covert power plants to use it
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bcok
Champion Author Los Angeles

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Message Posted: Mar 7, 2012 10:10:14 PM

Give it a try.
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duffee01
Champion Author Mississippi

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Message Posted: Mar 7, 2012 10:07:56 PM

It could be viable if they'll give it a chance.
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Blue48
Champion Author Illinois

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Message Posted: Mar 7, 2012 10:04:03 PM

TIME WILL TELL!
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sillywagon
Champion Author New York

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Message Posted: Mar 7, 2012 10:02:46 PM

Pickens is for whatever energy he believes he can make money off of.

At least this idea from T.Boone Pickens "seems" like a good idea.

Some Americans should send a bird to WashingtonDC. Whenever the term "natural gas" is spoken the bird would tweet "cheap"
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theschmuck
Champion Author Michigan

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Message Posted: Mar 7, 2012 10:01:24 PM

'clermont40miles' has a good one this time along with 'iross94' but one question is where will you ever find 'FAIR' competition in this country. There will be so much crap and mud-slinging going on, you wouldn't recoginize what's going on. I would put no faith in they say nor the gov't either.
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abcdMA
Champion Author Worcester

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Message Posted: Mar 7, 2012 10:01:21 PM

we need to use more natural gas
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knot2swift
Champion Author Calgary

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Message Posted: Mar 7, 2012 9:58:18 PM

This agruement is so stupid. My home runs 24-7 and heats on natural gas yet costs less to heat in energy than my car I only drive for 80 minutes a day.

My house wastes far more energy to keep me warm all day than my idiot car does to take me to work.

How friggin stupid do individuals need to be? There's a reason houses heat with Natural Gas. It's cheaper morons! A second stupid is "Why aren't we appling it to cars? Have any of you have any idea how much energy a house wastes? If not truly stupid!

[Edited by: knot2swift at 3/7/2012 11:00:28 PM EST]
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jpd683
Champion Author Scranton

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Message Posted: Mar 7, 2012 9:57:00 PM

OOkay
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mstearno
Champion Author Dayton

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Message Posted: Mar 7, 2012 9:56:56 PM

where did his wind farm go?
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rf6480
Champion Author Miami

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Message Posted: Mar 7, 2012 9:56:07 PM

yep $$$ to be made and Pickens will make a bundle of it.
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rxman1
Champion Author Toledo

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Message Posted: Mar 7, 2012 9:56:04 PM

Make it happen without subsidies.
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lross94
Champion Author Lexington

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Message Posted: Mar 7, 2012 9:53:24 PM

I don't have a problem with natural gas, but if it is going to win, it needs to win in the marketplace. I don't want any subsidies for it or any other industry. With fair competition the cream will rise to the top. Fair competition means being able to drill domestically for oil as well. Let the best product win with the government out of the way. Ready...Set...Go!

[Edited by: lross94 at 3/7/2012 10:54:21 PM EST]
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camaro_man
Champion Author Kitchener-Waterloo

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Message Posted: Mar 7, 2012 9:52:18 PM

wow
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