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Recently released his -- climate change an energy plan which some are calling a war on cold.
Our next guest says the president's position on -- could certainly impact to jobs in America.
Joining us now T.
Boone Pickens chairman and CEO people capital and author of the Pickens Plan which is aimed at reducing our country's dependence on foreign oil.
Pickens good to see today.
Sanctions -- let's start with that plane because you say the whole idea is we have what we need here to become independent.
From foreign sources and you say there's been so much focus by the administration and others on.
Energy production that you say transportation in this country could really be key -- cell.
Well there's no question you can replace imported.
With domestic natural gas what I'd like the president to do is say -- All.
Federal vehicles purchased in future will be on domestic fuel.
And that gives ever -- ever -- -- changed about feels.
It gives natural gas it gives a battery everybody -- changed but the two countries that have bought the Pickens Plan.
Are Russia and China.
They both they're moving quickly to natural gas for transportation.
Fuel that frees up oil from Russia to be exported sold and use or natural gas.
In place of diesel in Russia.
China is importing oil so that is that the case that they're moving because natural gas is 30% cleaner -- diesel.
They're moving quickly to natural gas as transportation field there.
We're gonna do it in the United States and -- ally of the stations that minute -- better in place across in Thursday.
Two to move could quickly get a little bit support and -- encouragement.
From Washington it would have been much faster.
Well let me ask you because this is not the first time the president has spoken out on climate change and energy issues he died many many times for you.
Have you seen specifics come from those discussions from those speeches having things that had come in the form of legislation or other things that would.
That do what you are referring to here get -- -- was some specific actions.
No there it's mostly.
-- on energy is pays pretty get on the speeches.
But he has no plane.
There's no plan presented after a speech so.
That all I have to have and then it if it doesn't happen private industry -- -- for the country.
And a lot of those in private industry whether it's coal or elsewhere saying that -- growing amount of regulations from this particular administration.
Are are making it tough for them to do their job and to develop clean energies and clean options.
If it doesn't -- and line up with exactly with the administration wants their being regulated out of the chance to -- at what's your take.
I agree and we need when you pile on the regulations.
It's -- -- cost the consumer is where you'll go.
And and I can tell you that -- had there been more regulations put on it slows everything down and it runs up the cost.
-- -- of the state level are you getting good -- in from governors from state officials when it comes to things like trying to focus on natural gas.
You have some all laws out there.
That actually are against natural gas and favor diesel.
Those are being cleaned up pretty fast by the state.
And -- spoke to the that he western state governors association last week.
Out it at a -- you -- And no question they are on board and they are getting rid the regulations.
To switching over to natural gas away from the east that's all happening in the states.
What would be your message -- to President Obama into this administration about what the federal level can do as far as encouraging these other options to get us off dependence on foreign countries that.
May not like us too much.
Well look kids' day demonstrates our motives.
Today you look you mostly seventeen million barrels of oil.
Pass -- there.
And it passes through protected by the fifth fleet of the United States how much of that seventeen million barrels comes the United States.
Only one point seven million barrels we don't need to protect straights harmonies.
For all for the United States we do it really for the rest the world most of that all seventeen million barrels fifteen -- and have it goes.
Europe and to China.
So it's if we had an energy plan we can clear a lot of this and wait to get more firm on.
I always thought provoking T.
Boone Pickens great to seated -- thank you -- time.
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