• May 21st 2008 at 8:17PM
  • 18

Andrew Littlefair (left) and T. Boone Pickens


The majority of the attendees at the AFVI Expo's Fleet Day breakfast keynote seemed quite pleased to listen to T. Boone Pickens (just like last year). Pickens is the founder of BP Capital Management and had a sit-down discussion with Andrew Littlefair, the president and CEO of Clean Energy. Why do AFVI folks like this guy? He's got a lot of information (he's made billions in the oil and energy industry) and he sees a way to power the future (he's made a huge investment in wind power in Texas, for example. Littlefair said that without Boone, there wouldn't be an NGV industry in the U.S.

A few choice quotes:

  • "We are importing 72 percent of our oil. ... We are now transferring $600 billion [a year] out of the United States to a few friends and a hell of a bunch of enemies. I can tell you, we are paying for the war against ourselves."
  • "If they [China] had the Olympics today, in this smog, and ran the 100 meter dash, it would have to be a relay."
  • "Diesel will never sell, again, below gasoline. It will always be more expensive than gasoline."
  • "We're actually dealing with a huge shift of capital out to somewhere. We're going to be reduced to - I promise you it's going to happen pretty quick, too - we'll be reduced to something less than the superpower that we are."
Much more from Boone (including audio of his chat) after the break.



The main problem, Pickens said, is that 85 million barrels a day is as much oil as the world industry can produce. That's it. More simply isn't possible. The trouble is, in the next quarter, demand will be around 86.5m barrels each day. The only solution that Boone sees is to make all the alternatives - he singled out wind and solar - much (much) bigger players in America's energy portfolio. For example, even with all of the problems with corn ethanol, he'd rather use it than foreign oil.

When it comes to natural gas vehicles, Pickens said, the U.S. seriously lags behind the rest of the world. There are 7m natural gas vehicles in the world, but only 150,000 in the U.S. It hurt him to say so, but he wishes the U.S. had followed France into the nuclear frontier. Also, Littlefair and Pickens agree that natural gas is a bridge to hydrogen.

As for politics, Boone is not pleased with the energy policies of either Barack Obama or Hillary Clinton. He's a McCain supporter, but on the summer gas tax holiday issue, he said that, "I don't know what he has in mind there."

Listen here (40 min):



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    • 1 Second Ago
  • 18 Comments
      • 7 Years Ago
      Not surprising he's backing McCain since he was a major backer of the Swift Boat guys. He may have a lot of knowledge, but his immersion in politics makes him very suspect as far as I'm concerned. He's putting his money into wind power, so of course he's going to promote that. Too bad he isn't putting his money into biodiesel or cel-ethanol. We might really have something there.
      • 7 Years Ago
      I live in Redlands, CA.
      If anyone can tell me where I can have my little
      Toyota pick-up converted to Compressed Natural Gas,
      I'll have it done right away. I can't find any
      mention of anyone that does it. I'll get a MyPhill
      and have it installed in the house. Why do they
      make it so hard to switch? Pakistan is ahead of us
      in CNG conversions.
      • 7 Years Ago
      Every one knows that T. Boone Pickens, Warren Buffet, etc. are liberal, hippie, elitist, socialist, America-hating dead-enders. All we need to do is drill in the Arctic wildlife refuge and everything will be hunky-dory. Damn communists.
      • 7 Years Ago


      He's right on the money. We're headed into an economic depression that will make the 1930's era depression look like a walk in the park. This has been developing since the early 1970's.
      • 7 Years Ago
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      • 7 Years Ago
      We are on our way now by 2011 we will have fuel that can use chicken fat Syntroleum Corp stock ticker (SYNM) and others like Rentech, Inc (RTK) called Synthetic Fuels allready test with Airforce many soon to come incentives that promote renewable energy also started. I see noyhing but good news now.
      • 7 Years Ago
      Funniest comment: "We only make a profit of one cent a gallon." Hoo haw! Those oil guys really have a sense of humor! Next thing you know, they'll be telling us that they LOSE money on every gallon sold, and are working for the betterment of America!!!
      • 7 Years Ago
      Does anyone know about MESA POWER (the company associated with the Pickens' multi-billion dollar investment in wind power)? Is this a publicly traded company?

      If I wanted to invest in a Pickens company (or associated company), could someone let me know of something out there... Thanks for your help.
      • 7 Years Ago
      Basically, he's saying . . . stupid Americans have made me a rich man and tyrants the world over quite powerful. Good thing I've been financially backing the poor leadership that got us here (except Clinton).
      • 7 Years Ago
      "Boone Pickens, Oilman." If that weren't the guy's real name, I'd be bitching about lazy scriptwriting. That's even better than "Daniel Plainview." Nothing's wierder than an oilman going all hippie alt-energy on us.

      "I...DRINK...YOUR...JAMBA JUICE! I drink it up, boy!"
      • 7 Years Ago
      Interesting comment on diesel there. If true that is going to have a significant effect on our freight industry and the German and French auto makers.

      I'm thankful that where I live I have the option of wind energy. Costs a little more but the price is guaranteed to 2022...........And there will never be a carbon tax on it either.
      • 7 Years Ago
      I also agree with that guy who said "we are funding very few friends and alot of enemies"He is exactly right . If we did not buy oil form those countries screwing with us , they could no longer support the war and they woudl fall not by our hands but simply because they have no economic base to stand on .
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