Billionaire T. Boone Pickens says the following during an interview with CNN chief national correspondent John King:
Pickens: You've got to fix the energy issue because just look at the 40 years that have passed. No energy plan, zero. If we go forward for 10 years with no energy plan, we got the picture in the last year. Go back five years and the [Organization of Petroleum Exporting Countries] nations' revenues were $250 billion. This year, 2008, will be $1.25 trillion.
Now go forward 10 years and say we have no energy plan; we will be importing at that point 75 percent of our oil, which is a huge security problem for America. And we will be paying $300 a barrel for the oil.
CNN article
