Noted oil and gas man T. Boone Pickens isn’t shy about his feelings on Washington, and he didn’t hold back in an interview with Yahoo Finance Editor-in-Chief Andy Serwer at the Milken Global Conference in Los Angeles. Pickens, Founder of BP Capital, says, “I don’t think Washington has a clue” just how extensive U.S. energy resources are. Pickens says the number one thing he would like to see from the next President is a U.S. energy policy, which he believes is non-existent at this point.
“I mean here we are the number one gas producer in the world,” he says. “We are right up there with Russia and Saudi Arabia.”
The United States produces 9.2 million barrels of oil a day, according to the U.S. Energy Information Administration. Russia produces 10.2 million per day and Saudi Arabia produces 9.6 million barrels per day.
Boone Pickens doesn’t think the U.S. is taking advantage of its vast energy resources. Asked what he would like to see from the next President, he says, “I wish we had an energy plan… we don’t have [one] and I would like to see that happen.”
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