Watching Becky Quick Interviewing Boone Pickens

Becky is The heavy Hitter on CNBC.

Oil @ $127.10
85 million/bbl/day is all the world can produce.
Russians are starting to decline now.
We are now paying out $600 billion to the world for oil, per year.
Natural gas is the hero. Ethanol is a joke.
His "way" to have natural gas to back off the oil.
We have plenty of natural gas.

Two-step. Wind is a big factor. 20% of power in US -- 200,000 MW -- replaces natural gas. Natural gas then goes to transportation.
Pampa Texas will be the wind capital of the world.
Solar. $600 billion is at $100/bbl. In ten years this country will be broke.
Speculators not a factor.
Went short oil in 1st qtr. Now long.
Maximize use of wind.
U.S.: We have plenty of refining capacity.
Global recession would slow down price of oil, but that's not in the cards.
I can cut imports by 40% with my plan. 400,000 bls/day are being curtailed because of price now.