What Are You Going To Do About Oil Dependency?

Today, at our TAR (Texas Association of Realtors) Convention in Dallas, we had our Legend’s Luncheon with the hostess of Ebby Halliday (98 years old!) and T. Boone Pickens (from my hometown of Amarillo, Tx!) He began to work on energy savings when he was 80 years old spending his own money on ads, traveling, speaking.

I thought some of his facts and his plan are very worth while to share. We do need to do something!

In 1970, we imported 24% of our oil.Today, it's more than 65% and growing.

In importing that much oil, it is additionally putting our security of our country into the hands of potentially unfriendly and unstable foreign nations. The US spent $475 billion on foreign oil in 2008 alone.

That's money taken out of our economy and sent to foreign nations, and it will continue to drain the life out of our economy.

Can you believe that 25% of the world's oil demand is being used by just 4% of the world's population (the U.S.)?

Two of the 4 pillars of the Pickens Plan are:
1. Providing incentives for homeowners and the owners of commercial buildings to upgrade their insulation and other energy saving options; and
2. Using America's natural gas to replace imported oil as a transportation fuel in addition to its other uses in power generation, chemicals, etc.

Pickens’ perfect idea is to aggressively move to shift America's car, light duty and heavy truck fleets from imported gasoline and diesel to domestic natural gas we can lower our need for foreign oil.

Nearly 20% of every barrel of oil we import is used by 18-wheelers moving goods around and across the country by burning imported diesel. Pickens’ plan is to have those 18-wheelers run on natural gas instead of oil.

Natural gas is not a permanent or complete solution to imported oil. It is a bridge fuel to slash our oil dependence while buying us time to develop new technologies that will ultimately replace fossil transportation fuels. Natural gas is the critical puzzle piece that will help us to keep more of the $350 to $450 billion we spend on imported oil every year at home, where it can power our economy and pay for our investments research for energy savings.

Go to www.PickensPlan.com to register for “his army” and find out more of what you can do to slow this dependency on oil down!