Monday, April 2, 2012
How a billionaire fills gas tank for $1 a gallon
Long Beach, California (CNN) -- Gasoline at $4 a gallon is no worry for T. Boone Pickens, the billionaire energy investor from Texas. He drives from his home to his office in a car that runs on fuel costing less than $1 a gallon.
His method: He has a device that fuels his Honda Civic GX with natural gas from the pipes that serve his home. And he thinks there's a lesson there for America's energy woes.
Pickens, who is speaking Wednesday at the TED2012 Conference in Long Beach, California, said America needs to make natural gas a building block of a plan for ending oil imports from the Organization of Petroleum Exporting Countries.
Natural gas is "cheaper, it's cleaner, it's abundant and it's ours, and we're fools not to use it," Pickens said in an interview with CNN. Read More
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