Another billionaire oilman with Oklahoma ties has two policy recommendations for the Trump administration concerning the country’s energy plan.
As a recent guest columnist for The Dallas Morning News, energy investor T. Boone Pickens outlined two suggestions for President-elect Donald Trump and Rick Perry, Trump’s nominee for the cabinet position of Energy Secretary:
- Don’t screw up; and
- Don’t settle.
The founder and chairman of BP Capital Management expounded on his first point by clarifying the direct role of who makes energy decisions since some decisions are handled by the president, Department of Energy, State Department, Environmental Protection Agency and Department of Commerce.
Pickens also believes Trump should encourage hydraulic fracturing and horizontal drilling. Currently, fracking occurs in nearly 30 oil and natural gas producing states.
He further believes that Trump should work with industry rather than against it.
Finally, Pickens insists that America must meet our nation’s own energy needs before we worry about other countries.
Pickens is a strong proponent of working with our allies. In fact, he supports approving the Keystone XL pipeline construction to transport Canadian oil to refineries in the U.S.
Pickens believes we should modernize government fleets.
One of his most prolific points is that we must build the electrical grid of the future.
Finally, Pickens vows that we must continue to research and develop new energy sources.
Pickens heaps praise on both Rick Perry and State Department nominee, Rex Tillerson.
“[Perry] has years of experience working with industry, and he understands both the immense needs and incredible opportunities our nation has with regard to energy,” said Pickens on Rick Perry.