Billionaire Pickens says Obama lacks energy plan (AP)

Friday, May 20, 2011 5:01 PM By dwi

WEST CHESTER, Pa. – Texas billionaire T. backwoodsman Pickens faulted President Barack Obama on Friday, locution the chair has unsuccessful to amend the forcefulness plan he promised Americans as a presidential candidate in 2008.

The lubricator magnate and exponent for deciding fuels said at a municipality hall meeting at a southeast university university that the Democratic chair hasn't followed up on a campaign prospect to modify America's reliance on Mideast lubricator within 10 years.

"He's never told us how we're going to intend soured the Mideast oil, and no one's ever asked him," Pickens said. "We're the only land in the concern that has no forcefulness plan."

Pickens stressed, though, that he believes Republicans also hit been remiss in tackling the problem.

Since attractive office in Jan 2009, Obama has boosted corporate render frugalness standards, put billions of stimulus dollars into renewable forcefulness projects and worked to bounds greenhouse pedal emissions. In March, Obama titled for a one-third reduction of lubricator imports by 2025.

But some of his proposals hit stalled in Congress, where Republicans hit prioritized increased creation over renewable forcefulness initiatives.

Though Pickens chromatic to domestic prominence as an lubricator tycoon, he has been a communicatory admirer of deciding energy, including uncolored gas, twine and solar power. He maintains that restricted resources much as uncolored pedal are not a permanent resolution for U.S. forcefulness needs, but should be utilised as a stopgap measure until newborn technologies crapper be developed.

Pickens crosspiece at West metropolis University, 25 miles west of Philadelphia, and toured its supply station for its 22 uncolored gas-operated vehicles. He was joined by U.S. politico Reps. Apostle Meehan and Jim Gerlach. The two congressmen are co-sponsoring legislation to accelerate uncolored pedal creation and activity as a way to lessen dependency on foreign lubricator and lower render emissions.

University officials said they spent an added $7,700 upfront for the vehicles, but clear $1.65 per congius for the uncolored pedal to render them — less than half of the underway price for lawful render in Pennsylvania.

Pickens said the United States uses 20 million barrels of lubricator per period — 13 million of those are imported. He noted that despite being 4 proportionality of the concern population, Americans ingest nearly 25 proportionality of lubricator produced worldwide.

Although he supports deciding forcefulness initiatives, he also defends the uncolored pedal creation impact famous as "fracking" utilised in the Marcellus Shale in university and elsewhere that Obama, some environmentalists and others feature may threaten the calibre of subsurface water. In the process, fluids are injected into the ground at broad push to fracture subsurface rocks and promulgation the pedal deposits.

"This isn't anything that's going to perceive anybody," Pickens said, adding that he's never seen any evidence of aquifers being dilapidated by the more than 8,000 uncolored pedal wells in the U.S. that hit utilised the practice.


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