Boone

Just how prescient were the recent comments of Chesapeake Energy CEO Aubrey McClendon and T. Boone Pickens about increasing the use of natural gas as a transportation fuel? General Motors Corp. (GM) now is calling natural gas an “enticing alternative” to petroleum, and Honda Motor Co. has begun touting “Phill,” a home refueling appliance available to owners of natural gas vehicles (NGV).

Since T. Boone Pickens unveiled his sweeping plan Tuesday designed to reduce U.S. dependence on foreign oil, more than 170,000 people have visited his website to learn more about the proposal and some are encouraging him to enter politics and become the nation’s energy czar, he said Thursday.

Since T. Boone Pickens unveiled his sweeping plan Tuesday designed to reduce U.S. dependence on foreign oil, more than 170,000 people have visited his website to learn more about the proposal and some are encouraging him to enter politics and become the nation’s energy czar, he said Thursday.

Saying America’s addiction to imported oil is a “growing and dangerous” crisis, independent oil billionaire T. Boone Pickens unveiled an energy plan that he said could reduce America’s dependence on foreign oil by more than one-third within 10 years by shifting the national energy mix toward domestic renewable sources and using more natural gas as a transportation fuel.

The price of natural gas may be poised to go as high as $14/Mcf in the near future, according to independent oil billionaire T. Boone Pickens.

The price of natural gas may be poised to go as high as $14/Mcf in the near future, according to independent oil billionaire T. Boone Pickens.

More nuclear generation plants are the future of the electricity sector and natural gas should be concentrated on use as a vehicle fuel, according to Texas oilman T. Boone Pickens, 78, speaking in a wide-ranging question and answer session published in Monday’s Los Angeles Times. Now heavily into hedge fund investments more than oil patch plays, Pickens is the largest single investor in a natural gas supplier to heavy vehicle fleets of buses, trash trucks and airport shuttles called Clean Energy.