calebhays.com

Let me just say this upfront: I think we need to end our dependence on foreign energy, especially foreign oil. However, for the Pickens Plan to be successful, they’ve got to get their numbers right.

T. Boone Pickens has a commercial running that says America uses 25% of the world’s oil and they since we only possess 3% of the world’s oil reserves, drilling isn’t going to be that significant.

However, his math’s a little bit off. It’s a fact that America uses 25% of the world’s oil available, as in drilled, processed and refined resources, that much is true. What’s slanted is the idea that the 3% number he’s quoting is related. That 3% number refers to the world’s oil reserves, or supply that isn’t in production and may not have even been drilled yet. It doesn’t refer to the amount that is usable today!

America has billions and billions if untapped oil resources that we need to drill and need to drill now. All of this can be done in am environmentally safe way.

The Pickens Plan is great, don’t get me wrong, bit only if it presents the facts in a more accurate manner. We need his ideas, but he shouldn’t be so quick to dismiss something he doesn’t correctly report.