Aug 25, 2010

20% of the cost of diesel and it’s domestic; it’s American.

RE: T Boone's Hey may not be 100% right, but how much of his plan is wrong? And a least he offers a plan b... there has to be a plan that bridges us off oil gently over the next decade... see more of T Boone on CNBC

CNBC "Squawkbox"  "the NAT GAS Act" in the House and Senate would cut our imports from OPEC in half. That can be done in seven years."

Boone described the tax credit on how to achieve it. "We have a model for this," he said. "In California the state provided a $50,000 per truck tax credit for trash and recycling trucks to move from diesel to natural gas."

"In 20 years," he said, "we'll be on batteries, but natural gas is the transition fuel to get us off OPEC oil. A battery won't move an 18-wheeler today."