A Quote by T. Boone Pickens
The cheapest natural gas in the world is in the United States.
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I was very bearish on natural gas for many years, pretty much from 2006 on. There was a tremendous natural gas bubble in the United States.
Compared to coal, which generates almost half the electricity in the United States, natural gas is indeed a cleaner, less polluting fuel. But compared to, say, solar, it's filthy. And of course there is nothing renewable about natural gas.
Shale gas has provided the United States the opportunity to have 100 years of supply that is domestically produced. If we are going to develop natural gas from shale, it has to be done in a safe and responsible manner.
Because America is the Saudi Arabia of natural gas. We have the world's largest reserves of natural gas, and the world's most sophisticated production and storage facilities, by a wide margin.
Relative to oil, however, natural gas is very cheap and very attractive. And I think that natural gas in emerging markets is very attractive. There is very little natural gas infrastructure in places such as China, where there is tremendous demand for natural gas.
We are importing Russian natural gas which is not produced in an environmentally conscious manner. If the states that are blocking the pipelines were truly concerned about the environment, they would look to where the natural gas would be coming from.
The main implication is a remapping of the world in line with American policy and American interests. Natural resources are limited, and the United States wants to make sure that its own population is kept supplied. The principle effect of this will be for the United States to control large parts of the oil which the world possesses.
Everyone in the world is impacted by the United States' Big Brother attitude toward the world. We need countries to say no to the United States. The United States is the dominant power in the universe, with its eavesdropping abilities, cyber abilities. And the world is in danger with our tyranny.
Today, natural gas now outstrips coal as the leading provider of electricity in America. If this is as big as people believe it is, natural gas will soon be powering trucks and marine ships. Maybe even standard commercial cars that people use at home through compressed natural gas, other gas to liquids. The potential is there for more energy independence by America and a reliance on cleaner fuel - natural gas emits half as much as coal, in terms of carbon emissions. That's a real bounty.
Obviously the shift to gas and the need for large amounts of gas in the United States is going to be a major focus of attention on the part of producers.
Natural gas is better distributed than any other fuel in the United States. It's down every street and up every alley. There's a pipeline.
Just from a political perspective, do you think the president of the United States going into re-election wants gas prices to go up higher? Look, here's the bottom line with respect to gas prices: I want gas prices lower because they hurt families.
In the Islamic world, the U.S. is seen in two quite different ways. One view recognizes what an extraordinary country the U.S. is.The other view is of the official United States, the United States of armies and interventions. The United States that in 1953 overthrew the nationalist government of Mossadegh in Iran and brought back the shah. The United States that has been involved first in the Gulf War and then in the tremendously damaging sanctions against Iraqi civilians. The United States that is the supporter of Israel against the Palestinians.
I believe the number is 70% of the world's refugees since World War II have been taken in by the United States. Every year, year in, year out, the United States admits more legal immigrants than the rest of the world combined. The United States has granted amnesty before to three million illegals and appears prepared to do it again.
The United States will continue to be number one, and I do not see any country or group of countries taking the United States' place in providing global public goods that underpin security and prosperity. The United States functions as the world's de facto government.
We've recognized that natural gas would be the fastest-growing of the conventional fuels: oil, natural gas, coal. And so, we see the important role that natural gas will play globally and, more importantly, the important role it will play in the U.S. in terms of meeting future energy demand.
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