I am a strong supporter of the Pickens Plan but there are two problems with "The Pledge" that need to be corrected before I can sign it:
T. Boone Pickens’ Energy Independence Pledge
"We will no longer stand by and watch as America’s national security and economy become more dependent on the unstable foreign nations that we rely on for nearly 70% of the oil we use each day.
We spend nearly $700 billion every year buying foreign oil, which represents the greatest transfer of wealth in the history of mankind."
Problem #1 - most US oil imports come from Canada which is not an "unstable foreign nation".
Problem #2 - $700B might have been true at $147/barrel, but its much lower now. Substitute words like "hundreds of billions of dollars" which are still true no matter what the current price of oil is.
Please fix these problems in "The Pledge". I want to sign it but it needs to be right!