what i learned today

“One of the benefits of being around a long time is that you get to know a lot about certain things. I’m 80 years old and I’ve been an oilman for almost 60 years. I’ve drilled more dry holes and also found more oil than just about anyone in the industry. With all my experience, I’ve never been as worried about our energy security as I am now. Like many of us, I ignored what was happening. Now our country faces what I believe is the most serious situation since World War II.

The problem, of course, is our growing dependence on foreign oil – it’s extreme, it’s dangerous, and it threatens the future of our nation.”

His plan:
wind power - tap into the “Saudi Arabia of the Wind” stretch from Texas to Canada.
natural gas - replace natural gas with wind power. use natural gas as transportation fuel to displace 1/3 of our foreign oil imports.
batteries, fuel cells, solar, ethanol, biomass - increase R&D
offshore drilling - should be considered

Without the plan “over the next 10 years we will spend around $10 trillion importing foreign oil. That is $10 trillion leaving the U.S. and going to foreign nations, making it what I certainly believe will be the single largest transfer of wealth in human history.”

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