U.S. dollars for OPEC oil help fund terrorists and the Taliban, T. Boone Pickens told CNBC Friday.
"I am trying to get away from the terrorists," he said. "I think the money we pay to OPEC gets in the hands of the Taliban."
The U.S. is sitting on top of a huge supply of natural gas, he said — so much that American companies are selling it to China and other countries.
"So here we are, we’re exporting our clean-burning fuel and importing dirty oil from the enemy," he said. "We’re gonna go down as the dumbest crowd in history that’s ever come to town."
Pickens, chief executive of BP Capital Management, is a longtime natural gas operator and backer of federal legislation to encourage more natural gas development. He said he is pleased the Obama administration has said it backs using domestic resources for federal fleets in the future.
"You’ve got to have direction from the White House" in order to spur natural gas development and get off OPEC oil dependence faster, rather than just leaving it to market forces, he said.