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When legendary oilman Boone Pickens jumped head first into the natural gas were back in 2008.
There were just about 200000 Nat gas powered vehicles out there including his little -- Pacific today.
There are sixteen million and he's starting to look pretty Smart but when does the real push the real wave.
A natural gas powered vehicles happened in the United States and beyond we're joined by Boone Pickens here at the Milken Institute Beverly Hills, California.
And you're hot ticket for these panels to talk about this very subject because it is suddenly.
Gaining a lot of traction -- -- tell me what you've been talking about.
Well I just got off the phone seriously -- affairs CEO of clean energy feels he's in Hartford Connecticut and they open up -- big.
Deal up there yesterday for trash truck.
And he said.
-- were there they got seven more deals.
He said it's -- it's going to -- it's absolutely.
I have blanked on CEO Waste Management.
That he was gonna today and -- 980 to 95 -- all their transcription purchase this year Waste Management would be on national.
Well -- mr.
Steiner has been really great on the push there and you talk about exactly what else is happening up there UPS federal express.
But these leaks.
When do we get the people out there on sunset Santa Monica.
You don't arguing I don't even know what you wanna do is pick off the big.
The big ones which use a lot of -- So you've got you've got 8000018.
That's a year afterwards because they use three million barrels today.
And that is 75% of open.
We want to knock out OPEC's what you -- do.
Can we do that mr.
Absolutely because here in the states.
-- -- -- -- -- -- This morning there have been seventeen million barrels to go out of the Persian -- Tonight two day and we're -- less and -- of what kind of administrative formalities and -- senate right.
OK so we don't need we don't need called Persian gulf we can remain -- right here in north.
Do you foresee a day what OPEC -- Not nonexistent but -- not entity for America die.
They'll be there of course but go back to the the numbers.
They're ninety million barrels all produced every day.
OPEC produces about the little thirty minute.
So that they're the swing producer -- saudis are the swing -- And there are going to be an honor -- -- -- as they can get up to fifteen million barrels day that's impossible -- -- can -- -- ten -- girls and G-8 years change your question you will see their role minimized.
-- a little frustrated though that you've been banging the Nat gas dropped -- I did.
Think if I see the bruises for a do you think you need a little more help from Washington do you think we need tax incentives for Nat gas vs the same old tax incentives that have been in place.
For the big oil companies -- big integrated oil company.
Federal well established and confident comparable businesses well you say that taxes for big.
They -- all countries are taxes like any other manufacturer out and they pay a lot of taxes oh -- -- yeah I think you do get some breaks and incentives.
Thank you what they don't get breaks coming here of what's your comments IDC BS they don't I didn't even when major offense -- -- goes to the smaller countries.
Intangible drilling costs.
And that if you wanna cut out -- I've been seeing what you're gonna do is cut can't -- 30%.
-- that's where you go and they and they know what I mean from Washington understands you don't want that -- -- country's doing it right you know -- a lot of discussion that Israel -- is building up an infrastructure for electric cars to be charged.
Having charging stations.
South America as big on ethanol is their country that you admire right now.
Americorps but we don't even -- an energy policy.
We don't have an energy policy but I day yet our industry has done an unbelievable.
Job for the United States simply because it makes good economic sense of -- figured that out.
-- the industry in the United States has advanced geologist -- physicists engineers.
All are the best because we -- been over five million wells drilled in the war.
Since drilling start.
-- half of those been -- in the United States.
And we have more -- and gas.
Can you gotta grow up against and everything in the deal being that if we could have more reserves than any other country.
Everybody always asks you for your prediction -- oil prices I'm gonna ask you for your prediction on natural gas crisis patriots'.
Well Europe today I have seen -- -- -- an hour ago and all of them -- fifty.
Today so cause it really -- -- The last two days I think first -- -- I think here then Orleans.
Probably usually in the bottom right now I don't know.
Okay it's it's gonna come back you're gonna get a good run off.
That natural gas that they have.
I'm not -- -- predict five dollars.
Sometime during the year Betty like this but -- force.
Four dollars -- force yacht award young I think you'll see you have four putted.
And because everybody is going for -- -- it can go for natural gas.
Causes so much chief.
So Paula we've got a great.
Falling gas industry United States and had the cheapest the cheapest energy in the world can you believe.
We drill more wells than anybody else has had the -- in -- Boone Pickens better to be early than wrong it's going to be very -- and bright -- and thank you very much here.
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