Wednesday, June 23, 2010

T. Boone: "We don't need a moratorium"

Billionaire oilman become new-energy pitch man T. Boone Pickens was on CNN last night. He called for an end to the deep water drilling moratorium, a position that got a big boost yesterday.

Said Pickens: "We know what we're doing, the industry does."

He also said there are 34 deep water drilling rigs in U.S. waters. You can get an idea of where they are from these maps.

Pickens also called for more long-range planning.

"Its incredible to me that we've gone 40 years without an energy plan," he said.