T. Boone Pickens has no intention of letting President Barack Obama out of his campaign pledge to eliminate oil imports from the Middle East.
The billionaire oilman posted a whiteboard presentation on his website Thursday, updating the eponymous plan he has touted at his own expense for more than two years. It is the first in a series of planned video presentations.
Pickens maintains it is vital for the United States to stop importing oil from unfriendly nations.
"There are eight years left on the president's campaign pledge to eliminate Middle East oil in 10 years, and we want to help him and our nation get there," he said. "The Pickens Plan is the only real plan that can make dramatic progress on that goal using our abundance of natural gas as a transportation fuel.
"We encourage Congress and all Americans to get behind this plan now. There is no more time to waste. We have an opportunity, and we need to take advantage of it."
Pickens said Americans use 21 million barrels of oil a day — about a quarter of what is being produced worldwide — with 13 million barrels a day coming from foreign sources. Five million barrels a day comes from the Middle East, the Organization of the Petroleum Exporting Countries.
"That's my target. I want to get rid of this, because I think we're importing oil from the enemy," he said, circling that figure. "We're paying for both sides of the war when we're buying OPEC oil.
"This is not smart."
CNG for trucks
The main pillar of Pickens' plan remains increased use of natural gas as a vehicle fuel. He said it is abundant and cheaper and cleaner than diesel.
Pickens is targeting 8 million 18-wheel trucks in the U.S. He said converting those trucks to run on compressed natural gas can cut America's OPEC oil habit in half.
Boone Pickens' latest video on ending oil imports from...