TULSA, Okla. (AP) — Billionaire energy magnate T. Boone Pickens on Wednesday defended a controversial natural gas drilling technique known as hydraulic fracturing, a day after President Barack Obama expressed concern that the process could pollute groundwater.
"That's the first time I ever heard him saying anything about fracking," Pickens said of the drilling method that uses water, sand and other additives to free natural gas underground. "The president, I'm sure, knows very little about fracking. So he's trying to be, I think, cautious in responding to it saying, 'of course we want natural gas, but ... we want to be sure we're safe."
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He has amassed more than 200 co-sponsors in Congress on legislation that would convert 8 million 18-wheel trucks from diesel fuel to natural gas — which would slash up 2.5 million barrels of oil a day, or about half of what the U.S. imports from OPEC. "It's a nonpartisan issue," said Pickens, who expects the bill to get more than 300 votes in the House. "I think it's going to get out of committee and go pretty fast. It will be law before the year is out."
Pickens said he approved of the job Obama was doing and predicted that the president "is going to be for our energy plan." "If we don't capitalize on natural gas, I promise you we're going to go down as the dumbest group that ever came into town," Pickens said.
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http://www.beaumontenterprise.com/news/article/Energy-magnate-Pickens-defends-drilling-method-1345637.php