- FDIC's Bair Cautions on Risks in Bank Break-Up Plan
- Wednesday's Economic News Crunch Could Tilt Markets
- Call Me Crazy: Confessions of a Black Friday Shopper
- US Firms Hit by Payroll Taxes at Exactly the Wrong Time
- Citi Mortgage Reveals Something the US Treasury Won't
- Fed Sanguine About US Recovery, Worried on Jobs
- Amended Berkshire Filing Reveals No 'Secret' Holdings
- Holiday Guide to This Season's Smartphones
- In Time for Holidays: More Gloom and Doom on Economy
- Citi Mortgage Reveals What Treasury Won't
- S&P to Hit 1,200 by Year-End: Chief Investor
- Amended Berkshire Hathaway Filing Indicates No Secret Stock Stakes at End of Q3
- Facebook's Biggest-Ever Holiday Shopping Season
- Facebook's New Dual Class Structure - Slow Steps to an IPO
- 5 Big Bank Stocks Investors Should Consider: Strategists
- Gambling Drunk, Texting to Live And America's On Sale - Your Emails
- Nov. 24: Unusual Volume Leaders
- NBA D-League On The Rise
MOST SHARED
- The 'Real' Jobless Rate: 17.5% Of Workers Are Unemployed
- Wednesday's Economic News Crunch Could Tilt Markets
- NBA D-League On The Rise
- Obama Reiterates Commitment to Boost US-India Ties
- Japan Export Rebound Eases Fear of New Recession
- Australia Wheat Exporters Face Challenges: GrainCorp
- Trading Block
- Confessions of a Black Friday Shopper
- Stifling Anger at Work Can Kill, Survey Finds
- Oil Slips Below $76 On Revised US GDP Data
Text Size 
Oil tycoon T. Boone Pickens is building a million-person "army" that he says will pressure the nation's leaders to adopt a more responsible energy policy.
Pickens said that in the month since he started his campaign to get the country to switch from oil to wind power and natural gas he's had strongly positive reaction from Americans who are tired of soaring energy prices.
"People are concerned," he said in an exclusive interview on CNBC. "They don't believe they're being told the truth about energy in America."
Two town meetings Pickens has held went over well, he said, and his Web site, pickensplan.com, has had more than 4 million hits. He's looking to get one million people signed on to his campaign that will push government into funding alternative technologies.
At the same time, he's already met with congressional leaders, particularly on the Democratic side of the aisle, who he said were sympathetic to his plans. Next up: a meeting with presidential nominees Barack Obama and John McCain to get them on board with the Pickens plan.
"We finally found out $4 gallon was too much," Pickens said. "That also sets up the Pickens plan. (People) would rather use a cheaper domestic fuel than a foreign fuel at a higher place."
Ultimately, Pickens' plan is to dramatically reduced what he describes as the $700 billion shift in wealth that will come from American's purchasing of foreign fuel this year.
He is advocating natural gas for the government's fleet of vehicles as well as large trucks used for deliveries. Also, he's pushing for a widespread push to wind power to replace heating oil. Cutting the $700 billion figure in half is a realistic goal for this year, Pickens said.
"The wind we have to use," he said. "That's renewable and it's green. It's a resource we have. We have to develop that resource."
As a trader, Pickens remains long on oil, after seeing his prediction of $150 a barrel just miss, though he allows for some pullback.
Pickens rejected notions that he's in it for himself -- "I have enough money," he said -- and said his main concern is to get the country energy independent.
"I'm for everything in America," he said. "I'm obsessed with this."
Print
Email
- Remember when auto shows were major events where new models could generate buzz?
- CNBC’s Mike Huckman visits a cutting-edge plant to see how the flu vaccine of the future is being made.
- People who bottle up their anger at work are up to five times more likely to suffer a heart attack, a study found.
- Playboy will outsource its publishing operations in a bid to become profitable again.
- A new McDonald's in Manhattan is the nation's first to sport a sleek, chic interior imported from stores in London and Paris.
- For nearly three decades, these on-call experts have been dishing advice on how to – and not to – cook turkey.
Data is a real-time snapshot *Data is delayed at least 15 minutes