A Big Blow or Winds of Change!!!

From the desk of T. Boone Pickens

Hey Army,

You know we have been tracking the monthly oil import numbers since December and making them public to the press corps (and to the New Energy Army).

In February, we imported 62 percent of our oil - about 339 million barrels. That cost us $13 billion for that month or more than $328,000 per minute!

We can't get too hung up on the month-to-month numbers. First, February is only 28 days, so the monthly number was smaller. Second, we want to focus on the trend. In December we imported 66.5 percent of our oil, but in January that rose to 67.4 percent.

Even at 62 percent that puts us in great danger of being held hostage by the oil producers in the Middle East, Africa and Venezuela. We need to keep the pressure on our leaders in Washington and I need you to join me in the Virtual March on April 1-3 to let them know that we are paying attention.

If you haven't RSVP'd for the Virtual March, click here and join the 1.5 million Americans who have already joined up.



T. Boone Pickens

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The Pickens Plan
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Warren Buffett-Backed Electric Car Makes Detroit Debut

Posted By: Alex Crippen Monday, 12 Jan 2009

China's BYD Auto's e6 all-electric automobile made its Detroit debut today, with an assist from the chairman of Berkshire Hathaway subsidiary MidAmerican Energy Holdings.

MidAmerican and Warren Buffett made headlines last September, paying $230 million for a 10 percent stake in BYD.

CNBC's team at the Detroit Auto Show shot some video of the car, described by the manufacturer as a "mid-size five passenger crossover vehicle" with a range of about 250 miles on a single charge.

A shorter-range electric vehicle was introduced in China last month.

In a news release, BYD Chairman and President Wang Chuanfu is quoted as saying the company plans to sell both all-electric and hybrid vehicles in the U.S. starting in 2011. He also says BYD will set up manufacturing facilities in the U.S. "when it is appropriate."

MidAmerican Chairman David Sokol was also present at the Detroit show. His quote: "For the electric-vehicle market to mature, the underlying charging infrastructure and technologies must mature at least simultaneously, if not first. Perhaps like no other corporate entity in the world, we are in a position to help make that happen."

URL:http://www.cnbc.com/id/28626565