Dallas, TX, December 17, 2008 – T. Boone Pickens offered the following comment on OPEC’s decision to cut oil production by 2.2 million barrels per day: “This is in line with what I predicted would happen last week. OPEC’s decision will likely lead to an increase in oil and gas prices in America and proves the point that we must reduce our dependence on foreign oil. This is further evidence that OPEC’s interests are not aligned with ours. You can’t fault them for trying to maximize the value of a commodity they have, but you have to fault us as a nation if we don’t move fast in the next Administration to significantly reduce our dependence on foreign oil and the threat it poses to our national security and economy. We have the domestic resources in wind, solar and natural gas to get the job done on energy and transportation, so let’s use them.”

Last 5 posts by Dawn Van Zant

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