Is T. Boone Pickens 'Swiftboating' America?

Discussion in 'News / Current Events' started by Revmitchell, Aug 10, 2008.

  1. Revmitchell

    Revmitchell
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    .............Aside from the fact that the Department of Energy (DOE) puts the import figure at a more moderate 58 percent, Pickens gives the impression that imported oil is scary because it all comes from the unstable Mideast.

    His TV commercials feature images of American soldiers fighting in Iraq and he likens the annual $700 billion cost of foreign oil to "four times the annual cost of the Iraq war."

    But hold the phone. Only 16 percent of our imported oil comes from the Persian Gulf — barely up from 13.6 percent in 1973, according to the DOE. Imports from OPEC countries are actually down — from 47.8 percent in 1973 to 44.5 percent in 2007.

    Contrary to Pickens' assertion that oil imports are growing, the DOE expects oil imports to decrease by 10 percent by 2030.

    Pickens tries to shame Americans because, "America uses a lot of oil ... That's 25 percent of the world's oil demand, used by just 4 percent of the world population."

    Some might think these figures make us sound greedy and wasteful.

    But what Pickens omitted to mention is that the size of the U.S. economy in 2007 was about $13.8 trillion and the size of the global economy was $54.3 trillion.

    This means that the U.S. economy represents about 25.4 percent of the global economy. So what's the problem if a nation that produces 25 percent of the world's goods and services needs 25 percent of the world's oil output?..........


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  2. Revmitchell

    Revmitchell
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    Pickins has no true concern for the environment he just wants to make more money no matter how shady he has to be to do it.
     
  3. billwald

    billwald
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    not that simple

    For the 50 years I can remember diesel and heating oil were always cheaper than gasoline. Why is Diesel now higher than gas?

    All those tankers crossing the Atlantic filled with gasoline return empty? No, they return to Europe with "American" diesel. You don't read that in any government report.

    I trust Pickens over the U.S. Government.
     
  4. Revmitchell

    Revmitchell
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    And yet he has been proven to misrepresent his reasons for his position and certainly seeks to gain from any ove in this direction.
     
  5. Bob Alkire

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    I believe if you will look at the pump you will see taxes on diesel is higher. It is a way to tax the trucking co. a little more.
     
  6. Jimmy Clifton

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    If it were earlier in the political season, I'd think he was preparing for an independent run for President ala Ross Perot.
     

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