only from at&t. ♪ >>> boone pickens is heavily invested in natural gas and wind energy. t alternatives to oil? and should taxpayers be responsible for paying for the pickens plan. let's see what the real deal squad thinks. our democratic strategist, and editor of the daily voice and cnbc contributor and on the right, president of the national and legal policy center.. and on far far far right, dana burkeman, republican strategist. jack, what down? let's let government pay for all of these green energy efforts. i'm sure julie and keith like the idea, but what to say. >> there is definitely a role for government supporting some wind. but they can't have a database about at active energy, because they get into climate change, pollution and back to the issue of behavior control. for these people, dennis, what this is a vehicle for controlling human behavior. i've said for years if somebody wants to hold a hearing on global warming in january, i'll start to believe in it. so if you want to throw money in the direction of solar and wind a little bit, that's appropriate. >> juli

boone pickens? is also, he says 85 for the bauer barrel for the market. >> by the way, king dollar will keep energy prices low, and that's good for consumers and businesses. think of it as a dollar tax cut. i'm larry cut low. we'll be right back. but did you know you also get hotel price assurance? it's a one-two punch of savings -- pow! pow! lower hotel booking fees mean you get a lower total price. plus, if another orbitz customer then books the same hotel for less, we send you a check for the difference, automatically. h whoa! honey honey honey honey honey! okay... i mean... you can't... this isn't a stove, alright? i mean... what if i just walked into the kitchen and started making a salad? - that'd be weird. - right? i mean, look, there's a technique. - okay... - ( strikes match ) wow. it's okay, everyone. - thanks, hon. - you're welcome. announcer: yep, it's that easy, - with kingsford match light. - ( match strikes ) announcer: yep, it's that easy, >>> all right.. let me give you a nancy pelo

to natural gas and boone pickens was the one hocking it for so long that we will change it to a transportationng at natural gas at $3. >> the trouble is that technology outraces the market and the market outraces the technology. the bus technology for engines that can run to automobiles. that was waste and now the natural gas is down at a price where it makes sense. you wonder if the obama administration will get behind it and move that money into that technology. >> i can hear people screaming, but if only we were using ethanol, the environment would be cleaner as opposed to running them off. what do you say to that? natural gas is clean. if you don't mind having a tank in your trunk, they took a cab. the technology is there. the national academy of sciences did a study and it's a push if not a loser on converting ethanol from corn when you take the energy inputs required to make temperature we have a way to go, but if the scientists break the code to be fair on the allergy technology or the enzymes to break down the switches, it could be a game changer. >> why do you think it's so cheap righ

boone pickens and jerry jones and a very gracious host. i asked him about living in this very topic in the city. >> jerusalem is a city that i grew up, in a dreaming about even though i never came here. just ideologically it just meant so much. and over the years as i learned more about it because i really came emotionally attached but also intellectually attached are you two are you understand where jerusalem fits in the big picture. and purchasing property, and getting involved in trying to you know, by different properties in different parts of the city. and you know, not viewing east jerusalem, west jerusalem, the slime, that might, just viewing it as a special place and being able to invest in a was something i always wanted to do speak and how does he deal with the challenges of trying to balance jews and arabs living inside each other. >> most people don't like him you say this, we are living in east jerusalem. this is east jerusalem. that right there, those walls in 1948, is where the jews were marched out by the jordanians. so thi

boone pickens was talking about alternatives. >> you're so right about that. and because of that, even though oil did go down to the low 30s, we're still talking green. thank goodness. the speculators, if they had a part to do with this, and i really don't think they did, but if they did, they did the country a favor. what would have been the chances of us still talking about green, which in my opinion we must have in this country-if we didn't have such high oil prices in 2008, it would never have last. >> and speculation is the other side of the trade for that person who is the producer of the consumer of oil and no one ever says, oh, the speculators, they took down gas prices to $2, you know? no one ever says that. >> and to speak, you know, about current prices, high 60s, which i think is unheard of. if you asked somebody seven or eight years ago where would oil be with 9.5 unemployment -- >> we've got close to $70 barrel of oil in a recession. >> in a massive recession. the worst we've ever seen. nine years ago if you had said to somebody, where would oil

president clinton, boone pickens. and you know, all of them seem to believe now we ought to move to natural gas for heavy-duty vehicles as a bridge. you know, if you just -- boone had it right yesterday. there are 3 million 18-wheelers in the united states moving our precious goods around the united states. if those went to natural gas, and of course that won't happen overnight, that would reduce 2.7 million barrels of oil that we import every day out of the 12 or 13 million that we import. >> every day. >> every day. >> how much has cash for clunkers reduced? is it like 2.7 million a year? >> yeah, it pales in comparison. remember, an average passenger vehicle use 600 gallons a year, 660, and an 18-wheeler uses 20,000 gallons. so if we want to do something for climate change, natural gas is 26% better on climate change, and reduce foreign oil, this is where you go. and i think actually it's beginning to get traction. you're right, the nat gas act has been introduced in the senate and in the house, has 75 co-sponsors.

boone pickens plan. -- i want to hear about the t. boone pickens plan.he health-care debate has taken over. once i hear that these contracts have been awarded and they start to break ground on the wind corridor, that will be a sign that the economy is picking up. that will create stimulus for a lot of industries in america. that is my comment. host: on the republican line, walter from indiana. caller: thank you for taking my call. i appreciate it. the economy is based on what we are seeing on wall street. it is ridiculous. saying that stocks are going up because we have cut workers, that that is a good sign? america, you had better be prepared. get your food and rations and things to protect yourself. this country is falling apart. it breaks my heart to say it. when you have a system built on not having money and printing it, a system where you import all of your foreign goods from china and japan and korea and everything else -- california's bankrupt. wake up, we are falling apart. this system is going to break us. how do we go on? think of it this way,

. >> well, also, boone pickens has testified here severales

jim cramer was telling me yesterday about big policy change in washington, the whole thing that boon pickens gas as transportation fuel and we're going to see a big announcement, big change on that in the very near future and that's going to push up natural gas prices. do you believe any of that? >> it happens, it's very bullish for the medium to lunch outlook. i don't think it helps the situation we have with high storage and inventory levels right now. certainly natural gas is abundant in the united states. clean fuel. it would wean us off foreign oil over time. i think it's makes sense and washington policy should be encouraging. >> but you haven't heard that chatter, though? >> no. i'm not necessarily tight into washington as much as wall street. >> okay. chesapeake energy is one. could you give us some other names that you believe will benefit from this natural gas rally when it comes? >> yeah, i think chesapeake would be my topic. i think it has a chance to double. the other names we like here are xto energy, south western, and petro hawk. all names are leverage in natural gas prices a

one thing i think we'll have a good discussion about today, boone pickens will be here is the vast supplyhave in this country.y. it's a resource in america. and that is -- that is exploitable now because of new technology, american technology, which can get after and extract the gas from oil shales. those are distributed across the country. they're in arkansas, michigan, ohio, pennsylvania and other places that can't be exploited. indeed, we can move a good deal in our view, our heavy-duty trucks, bus fleets, vehicle fleets in cities from gasoline to natural gas.s. that will keep the money here at home and the production here at home instead of sending that money overseas to what are some friendly regimes but many unfriendly regimes as well as we transfer that -- our wealth to oil producing countries. so we think there's a very major play there to produce the kind of net-net gains. again, to use -- to exploit american resources instead of resources overseas. keep the money at home, create jobs here at home. and that also has a very profound and important impact on reducing pollution, part