|
July 22nd, 2008
Posted: 10:27 AM ET
By CNNMoney.com’s Ben Rooney NEW YORK (CNNMoney.com) — Texas oilman T. Boone Pickens told Congress Tuesday that the government must act quickly to curb the nation’s dependence on foreign oil. “Our country is in a deep hole and it’s time to stop digging,” said Pickens, founder and principal of BP Capital, in testimony before the Senate Homeland Security and Governmental Affairs Committee. Pickens has unveiled a plan to curb America’s dependence on foreign oil through increased investment in domestic renewable resources such as wind, and through use of natural gas as an alternative transportation fuel. Pickens said his plan would reduce the nation’s dependency on foreign oil by 38 percent. |
New on the CNN Wire
|
|
CNN Comment Policy: CNN encourages you to add a comment to this discussion. You may not post any unlawful, threatening, libelous, defamatory, obscene, pornographic or other material that would violate the law. Please note that CNN makes reasonable efforts to review all comments prior to posting and CNN may edit comments for clarity or to keep out questionable or off-topic material. All comments should be relevant to the post and remain respectful of other authors and commenters. By submitting your comment, you hereby give CNN the right, but not the obligation, to post, air, edit, exhibit, telecast, cablecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comment(s) and accompanying personal identifying information via all forms of media now known or hereafter devised, worldwide, in perpetuity. CNN Privacy Statement.
|
|