By TENNILLE TRACY
WASHINGTON -- Energy titan T. Boone Pickens is less than
impressed with the energy plans that have been floated by
President Barack Obama and his likely White House challenger
Speaking to Dow Jones Tuesday, Pickens said Obama's "all of
the above" energy plan needed to be "more specific" and said
Romney's plan is "not total."
Pickens didn't endorse either candidate, but said "I'm going
to come out for the candidate who has an energy plan."
has had his toes in political waters for several years,
pressing members of Congress to pass legislation that uses tax
credits to encourage the use of natural gas in trucking
That legislation hasn't yet gained the necessary traction,
most recently stalling as an amendment to a transportation
bill. Pickens said he thought the measure would eventually
But regardless of whether it does, "I'm retiring from
Washington after this," he said.
Pickens is a very vocal supporter of US natural
gas and has urged lawmakers to create policies that wean
the nation off foreign oil imports.
For several months now, Obama has characterized his energy
plan as an "all of the above" approach that relies on oil and
gas, as well as nuclear, wind and solar power.
Earlier this year, House Republicans attacked the president
for leaving out "coal" on his campaign website, but the
campaign quickly added "clean coal" under a description of the
president's energy plan.
Coal is found in abundance in the US and is used to generate
electricity, but it creates more air pollution than natural gas
when it is burned.
Obama has increased support of US natural
gas, saying it could replace oil as a transportation fuel
and supplant coal as a source of electricity generation.
Speaking to Dow Jones, Pickens criticized the president for
withholding approval for the Keystone XL oil pipeline, which
would stretch from Canada to Texas and carry several hundred
thousand barrels of oil from the Canadian tar sands.
The US should create an alliance with Canada and Mexico to
strengthen ties for energy imports and exports, Pickens said.
His opposition to foreign imports is focused on oil from the
Organization of the Petroleum Exporting Countries.
Romney also has been critical of the president's position on
the Keystone pipeline. His energy plan calls for the pipeline
to be approved, along with greater production of US energy
resources through streamlined regulations.
Dow Jones Newswires