a pickens spokesman said the concrete means a lot to pickens and it now resides at his childhood home which he previously restored and moved back to his ran inch texas. it seems a slam dunk that he actually stole that slab. good luck you to, t. boone as you fight the charges. >>> tomorrow is the last chance you will have to bet on google earnings. we've got the top-ranked analyst on the street to give you his trade. >>> and the what is this guy getting all suited up for? he's bracing himself for tim seymour's stock of the dayk. we've got lots more coming up. >> he's not waiting for me, i can tell you that. >>> a true power play on the internet has its sights set on a bigger target.

. >> boone pickens on "squawk box" yesterday. you may have seen that one year after rolling out the pickens plan. we want some response from governor pataki. did you hear what he said? >> i did. i think boone deserves a great amount of success. a man in the private sector out of patriotism said what we're doing is wrong, relying on foreign oil. i'm going to take the bull by the horns and try to force washington to come up with an energy package that will -- >> part it patriotism and part is putting his money where his mouth is as well. he'll benefit from that. >> boone always did that there's nothing wrong with that. he's always been an oil and gas guy. >> and a wind guy he says. >> wind and water. >> he also believes ts is critical for america and i think it's right. >> for all the talk wind and solar gets at the core of his plan is nat gas.

boone pickens. boone, welcome here. judge andrew napolitano substituting for beck today. >> oh, yeah. we have worked together. andrew: we have and it's a pleasure, boone. why are we dragging our feet on energy? it is almost inconceivable that we have not had an energy plan for 40 years. >> that is inconceivable but i will say we have been moving faster than we have ever gone. this year we will have legislation that will be the most encompassing legislation for energy in america that we have ever had. andrew: you believe in the free market, right? >> right. andrew: do you support the cap and trade bill that passed the house of representatives that would have washington planning all kinds of private activities and regulating the private use of energy? >> well, that bill has some good things in it, and what i do like in it is the treatment of wind, solar and the 21st century grid. i like all of that. i kind of look on cap and trade, it isn't my issue. andrew: ok. how much natural gas are we sitting on in this country? >> y

boone pickens has a new plan to change that. john henrehan has the story. >> reporter: a brightly painted honda civic pulled up. out came t. boone pickens who purchased the car because it runs on compressed natural gas. >> it costs me about a dollar a gallon to fuel that car. >> reporter: earlier he had the car on capitol hill to demonstrate his support for legislation that would encourage the purchasing and manufacturing of natural gas vehicles which are far less polluting than gas and diesel burning cars and trucks. >> southern california did this with trash trucks. one trash truck diesel taken off the road put on natural gas was equivalent to 325 cars. you go with the big stuff first. >> reporter: with american cities under tremendous pressure to clean up air pollution, a lot of transit systems are buying compressed natural gas buses. this is one you can tell by the fuel tanks on the roof. in fact, about 12% of america's transit buses are fueled by natural gas. but the energy department stopped funding research on natural gas

pickens says he's stl planning to install more than 2,000 wd turbines at a te in the texas nhandle. but until hean get the cash lined up to do that,e's considering smaller project sewhere. pickens is a big bker of alternate sourceof energy includg wind and solar power. >> jeff: ritz camera is fang to black. the bankpt chain of photogphy stores is heading to auction on the block ler this month. ritz now hasbout 400 stores, half of whatt owned when it filed for chapter 11 earli this year. court doments show there are two potential buyers lely to keephe sres open. but it's also possib the stores cld go out of business altogether. in the "money le" tonight, why sk doesn't have to be a four letter word. here's jonathan pond, auor of "safe monein tough times." >>fter what we've been through since the beginninof last yr, it's no wonder that risk is ewed by many investors as somethingo be avoided atll cost. as a result, he ams o money are sitting on t sidelines earnin element nothing. of course, during thlast bull marketinvestors loaded up on risky stocks and eschewemoney market fun. it's t

. >> boon pickens is always in the news at the top. >> mr. speculate e kevin kerr, thank you, bill smead, thank you. say it with the spiddle coming out with a p. >>> coming up, washington politics. what's the impact on the rally? warren versus steven moore. let's check in on dennis kneale what he has coming up at the top of the hour. >> a debate, do you believe in this country, i talked live with a guy in his castle, lives alone in a condo. >> all by himself. >> holy canoli. that looks great. after the break.

pickens is a big backer of alternate sources of energy including wind and solar power. >> jeff: ritz camera is fading to black. the bankrupt chain of photography stores is heading to auction on the block later this month. ritz now has about 400 stores, half of what it owned when it filed for chapter 11 earlier this year. court documents show there are two potential buyers likely to keep the stores open. but it's also possible the stores could go out of business altogether. in the "money file" tonight, why risk doesn't have to be a four letter word. here's jonathan pond, author of "safe money in tough times." >> after what we've been through since the beginning of last year, it's no wonder that risk is viewed by many investors as something to be avoided at all cost. as a result, huge ams of money are sitting on the side lines earning element nothing. of course, during the last bull market, investors loaded up on risky stocks and eschewed money market funds. it's time for a change. long-term success requires a consistent approach, avoiding too much risk in ebullient markets and too lit

now, pickens has spent the year promoting his pickens plan to reduce the nation's dependence on foreign matter of national security. >> we're importing almost 70% of our oil. over half of that comes from people that are not friendly to us. that has to stop. the security of the country is so much at risk on this issue. i honestly -- i'm a good sleeper, but i lay awake at night thinking about this one. shepard: among other things, this loogs would double the tax incentives for buying vehicles fueled by natural gas and would extend them for a decade. keep in mind, t. boone pickens owns a lot of land in texas where there is thought to be a lot of natural gas. there is an energy bill working its way through the senate right now that could change more than just the kind of energy we use and how we use it. the bill has already made it through the house of representatives, but there is an amendment in the senate version which would open florida's waters to offshore drilling. supporters point out that energy taps could heat 30 million homes per year, but the critics say that could wreck the area

a pickens spokesman said the concrete means a lot to pickens and it now resides at his childhood home which he previously restored and moved back to his ran inch texas. it seems a slam dunk that he actually stole that slab. good luck you to, t. boone as you fight the charges. >>> tomorrow is the last chance you will have to bet on google earnings. we've got the top-ranked analyst on the street to give you his trade. >>> and the what is this guy getting all suited up for? he's bracing himself for tim seymour's stock of the dayk. we've got lots more coming up. >> he's not waiting for me, i can tell you that. >>> a true power play on the internet has its sights set on a bigger target. the top analyst on the street gives us his trade ahead of the market moving earnings report. >>> and the juice behind intel's surge. with a stimulus that's keeping the global economy from grinding to a halt, here's how to trade a country that's chugging forward. >>> plus -- ♪ you'd like to buy the world of coke, that will suit our upcoming guest just fine. the ceo of coca-cola enterprises on what is income

boone pickens. the plan is growing for the massive wind farm in texas, but it could have power 1.3 million homes, and it may, but they're looking at alternate locations. he had hoped to build transmission lines from texas across the country for transmittal of the energy, but it's expensive to build those new lines. and he's finding it difficult to tap the credit markets right now to get financing for that. he talked about that for a long time. he also told us this isn't a new story, but it's getting a lot of attention at this point. also not helping things out are declining energy prices, because when t. boone pickens came out with the plan about a year ago, oil was about $130 a barrel. right for you it's less than half of that. just to be clear, this project is not disappearing. he has already bought 667 wind turbines from general electric for $2 billion. he's looking at states like oklahoma, we hear, kansas, also possibly canada for locations to put the turbines, and he's still going to work on th

boone pickens is suspending plans to build the world's biggest wind farm in texas., pickens plans to build three or four smaller wind farms in several different states. >>> ruth madoff has gotten her passport back. those close to the case, say it's a clear sign prosecutors do not intend to charge her in connection with her husband's multibillion-dollar ponzi scheme. bernard madoff was sentenced to 150 years in prison last week. oscar mayer has died. he's the third oscar mayer in the company. his father and grandfather shared the name. >>> coming up next on this wednesday, presley, lennon, cole. suns and daughters who followed their parents into the spotlight. will the jacksons do the same? i'm able to get out there and play with them. it means the world to me. problem is, i pay for it with the pain. the doctor diagnosed that i have arthritis undernath my kneecap. a real sharp, strong sensation. it aches. when i feel the pain coming on, go take two aleve. works fast, kicks in, and it lets me keep up with my kids. i want to teach them the value of family. i'm very pro

boone pickens is not stupid.s the government isn't committed to wind, so he's investing in oil again. we want to be addicted to oil in this country. boone, your response to that? >> i didn't hear the last part of it. >> he said, we want to be addicted to oil in this country. he's sort of making a criticism that we can't get ourselves off of oil. >> sure, we can get ourselves off of oil. we have 2,000 trillion cubic feet of natural gas in the united states. that is greater than the other two largest countries with natural gas, russia and iran. so, we have plenty of natural gas to get on to transportation fuel with natural gas. no, we can get ourselves out of this ourselves out of the spot. the addiction to foreign oil that is who be fixed. it affects us in the united states. >> you are still invested in oil. you still make money out of t you made a comment you thought oil was going to go back to $147 a barrel, which it was last summer. when do you think that is going to happen? >> tell me what the global economy i

boone pickens is suspending plans to build the world's biggest wind farm in texas., pickens plans to build three or four smaller wind farms in several different states. >>> ruth madoff has gotten her passport back. those close to the case, say it's a clear sign prosecutors do not intend to charge her in connection with her husband's multibillion-dollar ponzi scheme. bernard madoff was sentenced to 150 years in prison last week. oscar mayer has died. he's the third oscar mayer in the company. his father and grandfather shared the name. >>> coming up next on this wednesday, presley, lennon, cole. suns and daughters who followed their parents into the spotlight. will the jacksons do the same? >>> welcome back. these are the latest headlines from abc news. the coroner here in los angeles has issued a death certificate for michael jackson, leaving out the cause of death for now. that will likely come when toxicology tests are complete. >>> president obama arrives in italy today, to talk about the global economy and international security with other world leaders. >>> and

pickens talked up the pickens plan, you might remember, with television commercials like these and lobbying efforts. his goal was to wean the u.s. off of foreign oil. move us over to wind and natural gas a little bit more so we use less oil for transportation. i spoke with t. boone pickens about his scaled-back plan for some of the turbines that are already ordered. >> we'll be right on schedule. we may not build the wind farm in pampa texas, you may find it in wisconsin or nebraska or someplace else, but we'll be actively building a wind farm someplace with the turbines. my garage is not big enough to take all those turbines. >> i bet he's got a big garage. i really do, but i don't think it's big enough for all those. >> yeah, this is a big bet that he made. he had a lot of money to make a bet and he made a big bet on wind. there were a lot of moving parts to this. it needed private investment and municipalities and states to participate in building the transmission lines and he said it wasn't happening enough fast enough in texas. but he will have to find a way out of it, and it's probabl

joining us isoone pickens, the founder of t t pickens plan. hel be with u uoror the nextt minutes.srereato seeyoyou is morning. >>t't's eat to be here. >> it's b bee one year sie we just showed the ctctur where u drew out the white bod actly what the p picnslalan is a lots hapapnened sincethen. tell bus hahat. >> i had a bibirtay. i'81now. h hap bbirday. >> happypyirthday. >>hahat dd?? >> may 22. >>>> wtt sign is ttt? >> pardodon me? >> t tha urus? >>no, it's - -- >> cancer? n n no. >> n notememin-- >> geminin >> twins. >>>>es, the sign of the ttwi. >> i jususneneed to know.w. ju n neeto -- nono i can think about whwhenouou'r talking about things, you u kn,, how that t -- how your sign isis iluencing soso of your actctio. . >> and it doesesi i kn. there's no q queioio i'm a clclasc c geni but i dndn'temember what it was. >>hahat' arait common to genis, rgrgfulness. >>hahat ppened since you rolled this plan ouou >>>> is been quiteprocess. >> it's been,yoyou know, 12 months tomorrow, s so alally- and todadawawas on t the 7th ofl lastst yr r at dinnererwiwith m guys, i id, fellows, we

boone pickens gets his way. pickens is backing legislation that would give tax credits to people who buy the cars and to companies that make natural gas vehicles. they are far less polluting than ones that run on gas and diesel. >>> she shot to stardom on the american idol stage and tonight has her sights set closer to our home. fantasia wog audiences in the cor purple right here. don't miss my one on one interview coming up next. >>> coming up on the news edge at 11:00 all over a developing story involving marion barry's arrest, why prosecutors are dropping the stalking charge. tonight we'll hear from both sides in the case. >>> your gps helping you get around but also helpful for criminals targeting your family, the warning police have for you tonight. >> hope you're taking advantage of this gorgeous summer weather. gary is up next to tell us how long it will stick around.  whee! happy days are here again. whee! ooh. celebrate summer with giant and enjoy mouthwatering fruits and vegetables at prices you c

boone pickens.ay from oil. >> wind power. >> yes. >> he's going to give us a progress report. ch chris had a chance to spend some time with him. >>> and i can't believe this. keyshawn johnson is going to give us design tips? >> you can't say a football player can do this? >> i'm saying good design can come from anyone with good taste. and he has good taste. >> that's in our last half hour. >>> but also best-dressed, and dapper, chris cuomo. sans the moonwalking, though. it was fantastic. we loved it. >> thanks, robin. i tried. but i'm better at news. let's get to that. good morning, again, everybody. world leaders, including president obama, are preparing to meet right now at the g-8 summit in italy. the big issue, how to stimulate the global economy. our senior white house correspondent, jake tapper, is, of course, on the scene with the president. >> reporter: from l'aquila, italy, chris. the site of a major earthquake, aftershocks, and a sex scandal involving the host, italian prime minister sergi

boone pickens to build the world's largest wind farm is blowing colder.ur "energy fix" now. what's the deal here? >> definitely he's still on track. still on track for a wind farm, if not the wind farm as quickly as he was hoping in texas. it all comes down to money and funding. he told us just a bit ago he has slowed those plans. this wind farm you heard a lot about it. it could have powered 1.3 million homes, just slowing down that process, saying it was the transmission issues that were a big problem. you have to route it to a central grid. it's very expensive to build those transmission lines and he said just wasn't able to tap the funding he needed to do that right now, but he wanted us to reiterate this project is not disappearing. he's ordered 667 wind turbines from general electric that cost him $2 billion. you can't just return those, so he's looking in kansas, in idaho, canada, for place toss start new projects. >> so it's definitely not the end of the pickens plan, but if he can't get the funding, it makes me wonder how many are buying into the

boone pickens. build wind farms and reduce our dependence on gas. and now that plan has hit a bit of a snag. he'll be joining us to talk about why. nine minutes past the hour. >>> it's 11 1/2 minutes past the hour. t. boone pickens made billions of dollars investing in oil. last year he unveiled what he called the pickens plan and decided to heavily invest in the world's biggest wind farm. but he also says those plans have changed partly because of the economy. joining me now to talk about it is t. boone pickens. i want to ask you about this, we talked to you a year ago, this was to construct the world's biggest wind farm it would have been in texas. and now you're trying to find a new location for those wind temperatuurbines turbines. what happened? >> well, my garage wasn't big enough. no, i don't get the turbines until 2011. and we don't get the transmission until 2013. so what we'll do is we'll move those turbines out to other projects. then 2013 we'll be back on the project again. all it was it

he calls the pickens plan.change of plan. he says the capital markets have dealt us all a setback so the wind farm, that's on hold. >>> up side to the economic downturn, americans across the country are spending less time stuck in rush hour traffic according to a study done by texas transportation institute. they attribute it to changes in the economy and gas prices saying traffic is getting better in los angeles although "better" would be a relative word since the city tops the list for the worst traffic jams in the country. we made to the airport though. >> you did. caught the flight. no problems. >>> home prices likely to keep going down. christine romans "minding your business." >> this is likely the biggest investment you will ever make, in your house. for those of how are watching the value of that house continue to decline, there is troubling news from the pmi mortgage insurance folks who did a survey and found it is likely that home prices for frankly most of the country could continue to go down for th

boone announced the pickens plan, tony, about a year ago, oil was over $130 a barrel.of that. so, let's be clear. the project's not going away. he's already ordered 667 of those giant turbines you see right there from general electric for $2 billion. he just now looking at other locations for them. i spoke with his team today. they said maybe oklahoma. maybe kansas, maybe canada. so, not moving fast on this project. >> right. >> in texas, but his goal still remains, tony. >> well, poppy, forgive me here, couldn't t. boone pickens just tap, into, what, the billions of dollars earmarked for renewable energy from the stimulus bill? >> it's a great question, tony. we asked him that, because t. boone seems like the perfect candidate for money from the government stimulus plan. >> yeah. >> here's the problem, the programs, most of them, and the guidelines for that funding, haven't been defined, haven't been outlined, so the money is slow moving to the project. there's a tax specialist that we spoke with today who said two key provisions that would help t. boone have not been

oh, what a prediction. >> boone pickens on "squawk box" one year after rolling out the pickens plan.alk with president and ceo of american petroleum institute. good to see you. >> thanks for having me on. >> you just heard what boone pickens had to say. opec calls the shots. that is clear? >> i can't predict what they will do. production will be up over last month. i think what's most important is focus on domestic capacity. what we can do to bring additional energies to the marketplace for the benefit of all americans. >> by that making sure we're drilling in other areas? >> that plus fundamentally the policies put in place. we look at the debate currently going on in congress over the climate change question, early indicators are that the bill passed by the house heavily discriminates against the oil and gas industry. in fact, some estimates are we'll lose upwards 3 billion jobs across our economy. some will say well, reduce independence on foreign sources of energy. the way it does that increase dependence on foreign sources of ref fined product of the net affect of it is to hurt

boone pickens, they say climate is terrible. they told us we were going to see eight story high sea level rises which is beyond anything that al gore has been claiming. you want to buy into cap and trade. >> if you talk to some of the ceos they say we have no choice to play ball with the government because if we don't play, we're on the menu. so we have to protect our shareholders and if they are going to tax us or limit what we can do, we have to fight and lobby to get some kind of benefits that we can offset those costs. what is wrong with that? >> you are absolutely right. many businesses want security and they don't know what is it going to happen. therefore they wanted to have something happening. the problem is playing for much higher taxes and much higher cap and trade because they are going to make money. we do need certainty. we should be honest that climate is a problem. we should tax it at the relevant rate and the answer is about $7 a ton. >> congress is thinking of 20 or more. >> right and kyoto, 30 or $40, next kyo

boone pickens is suspending his plans to build the world's largest wind farm in texas. problems with financing and extras. instead he -- financing and infrastructure. he plans to build smaller farms in three other states. he wants to stop our dependence on foreign oil. >>> a handful of on-line stations have reached an agreement to prevent a potentially crippling increase in rates. traditional radio stations don't have to pay royalties for streaming music on-line. >>> coming up on "good morning america" -- saving on your summer vacation. how you may be able to cut your travel costs in half. on gma. that is your "moneyscope report." >>> 6:26. a beautiful start to the day with temperatures in the low 60s. sunshine, mixing with a few clouds this afternoon but still a pleasant day by july standards. running at least five degrees below normal with our two-degree guarantee of 82 degrees. overnight, we slip back into the upper 50s for most of us. outside of the city in the beltway, downtown and by the bay, probably running in the low to mid-60s. near 80 tomorrow, a stray shower

boone pickens.about energy, and eric is going to be interviewing t. boone pickens. >> i'm not going to give him a pass. gretchen: we have to start with your headlines this morning. because this is an amazingly disturbing story. they were dressed in all black when they stormed the house and killed the couple. this couple had 16 children, 12ch them adopted. one team of men entered the front of the house where byrd and melanie billings lived. a second team came through ninjas came through an unlocked door. the attackers were in and out of the house in less than four minutes. this morning for the first time we're hearing from the billings' oldest child how the billings are doing. >> i don't know to the extent they understand. they're kids, it's summertime, and we're going to do the best we can to keep them happy. gretchen: four people under arrest, but more arrests imminent. the sheriff will join us live ten minutes away. a report is coming out showing goldman sachs has made huge efforts. the "wall stre

boone pickens is suspending his plans to build the world's biggest wind farm in texas. he ran into problems. he will instead build three or four smaller wind farms. b radio may have been saved by t aldeo loweric mus royalty rates. they have rnched a agreement. traditional radio stations do not have to pay royalties for streaming music online. saving on your summer vacation. how you may be able to cut your travel costs in half. that is your "money scope" report. i am vinita nair. 60 >>> 6 degrees. >> a motel rocked by a sudden explosion. police believe dangerous chemicals may have triggered this blast. >> british royal family opens its doors to oprah. go inside queen elizabeth's favorite home. >> we appreciate your waking up with us. you're watching "good morning washington." > a day care worker in richmond, virginia, is now in police custody. a child died after being left in a van for several hours. the child was discovered after returning to the ban late yesterday. the bond was said $20,000. the worker could face additional charges. >>> a legal drug maki operation ende

boone pickens plan, the one dealing with wind and solar energy.ut rather i'm talking about the one advanced by his wife, madeline pickens, to utilize private resources for the establishment of wild horse sanctuaries. the pending legislation makes it a goal, not a requirement, a goal, not a requirement, but a goal to increase the acreage on which wild horses can roam. and by doing so we reduce the number of animals that are called from the herds and placed in holding facilities. these holding facilities which have come up during this debate, i think it's important to recognize that keeping wild horses and burros in these holding facilities costs $21 million annually or 2/3 of the entire cost of the wild horse and burro management program. the cost of these holding facilities have been rising dramatically from $7 million in 2000 to $21 million in 2008. so we're attempting to reduce costs here, reduce the holding cost by lessening the number of roundups through a dwi nation of what we're doing in this bill, making more public land available for wild

and he said "i have no cotton picken idea who that is" but if i were in the business, i would sign himhael jackson when it was brought in. what did it look like? >> it looked very expensive, obviously, it looked like pure gold. totally unexpected. you may have known from the perch and your being here previously before it arrived that it was coming. i had no idea it was coming. i was totally surprised by it. it was -- i normally -- i'm not crazy about funerals to begin with and this was not a funeral, it was a memorial service, so i'm -- maybe it is just me. the frank sinatra funeral, they took the casket, put it right in the middle of the aisle and then played one of his songs as the people left and that was a moving moment. i had no idea it was coming. you may have known it. if you did, you had me beat. i was taken by it. and eventually, enjoy is the wrong word, eventually appreciated the fact that it was there i think it was a marvelous way to do things. and when usher walked down and touched that casket, what can you say? >> yeah. larry, i appreciate you being there and talking abou

>> you see boone pickens is looking g fo a site forhihiwind farmrm hwawas ilding there in xas.not going to happen because they can't get enough transmission lines. >> a litittlmomo complicated ththane thought. as w w wait for the-year note, let's go tote stocks excxchae e where priceses glolowe >> we are athehe l levs s cle to may lows as farss thehe do we g go bebeww that dd we s see esessu to the downside. one of the things that g lower here in the last couple of h hoé hahaveeen tech stocks. the stockcks havetatart higherr and upgrading a a t twoo the upside.. rick? ddshy of 1.52ss a mumuchhihigh yield than around the quasi-1.49. member that thee higher yield is not a good pricicincocompent because it m mns higher neeld, wer price. 2.62 a c changng evevery dolla worth available. that's good. 54ananven withh t the met morprphos s of what that includ is still pretty good. om a demand perspectitivett tsts about a a b us. fr a p pringng perspective a c plplus call it a a miminuauction. back t to u.u. people thought we mighght better. itit toad me investorsrs a s srt maturititi a

boone pickens is putting his plans to build the biggest wind farm on hold.an into technical problems. today, though, pickens is going to start a new campaign to promote natural gas for cars and trucks. >>> oil prices, guess what, they are starting to fall again. jennifer westhovan is joining us now and you're saying this could be good news for american drivers. >> it might be, natasha, especially as you go to the gas pump may be that spring run up you saw may be history. you remember gas prices ran up to the average was about $2.69 a gallon. but since then, oil, the major ingredient in gas, the price of oil has been dropping ever since. last night it went down to about $62 a barrel. so that could be good for you at the gas pumps in the coming weeks. aaa says the national average down about a dime from that high, down to $2.59. in the meantime the federal government is reacting to the violent swings we've seen in energy prices making it hard for businesses. the government is looking at new rules to curb speculators. remember you heard a lot about them last su

plan heard around the worldld one year ago right here on n "squawk box's se tasas bill heir boone pickens firsrsitched ss ppoposa to m mee theununed stateses ergrgyindepepeenent. 12 months a and $6 million late he will going toell us how it t is going.g. boonepipiens is joiningngus here in studidio ttod. plus, long known as one ofof t best f fix i iome trararsrs on e treat, pimim's's nyny cresenzi pepehehed om newpoportbeach. >>>>plplus a pioneern n th stotk mamark.. marc lasry, you won't want to miss ourur cveversionwith him. we have the fnder of avenue cacapil l oup joining us live. icons s an rrebs, yououl l se i here on "squawk box." roro, back over to you. >> yeah. okok, becky, thanks very y muc. soso hwawa talkingng t n nic s gogo istracted.d. >>ou were thinking aboutall ofhese guys,oooo pickens, , marclascy. >> we werere talking g abtt ton creszenci. >> he is. isis ia firstt onnbc inrview. >> thanknkserermuch. lookokinfoforwd to the program. >>> all l ghght, guysys nene, the seseco quarter rnrnin seseas kicks off tomorrow anand many analysts don't expectct pretty results. >>> let't

economic recovery and the market, and i heard a couple analysts were talkses about oil, and boone pickens was one of them. they were saying that foreign oil was going to get a little too expensive for us. >> yeah. >> he thinks that brill oil is going to be $80 a barrel by the end of the year, he thinks the way the market is, but my question is, though, i mean, i have gains on rig right now, but i've been looking at other companies and wondering if i'm in the best position or like a schlumberger or naybors. >> does that about wrap it up, skip? >> caller: yeah. >> i was try to go contingent at a time on that a little. as you'll see this evening. i think you're not going to get a breakout in this stock, because oil is going lower not higher. i'm not worried about the stock from having a free fall, but if you're in a sector with crude coming down to i think the mid 50s, you need dividend protection, you need yield, something that will make it so it doesn't go straight down. that's why i prefer chevron to transocean, even though r.i.g. is the best of breed in that business. dan in arizona, dan

i believe that is pickens. >> greg: for catching that error you win a special prize, a handia snack,udge, you will get it shortly in a shoe box. richard from farmington minnesota. does "red eye" need a ukulele player. we do. if you play a ukulele i will be having tryouts next month in my apartment. e-mail me your and the number of years you have been playing and a photograph of you playing the ukulele nude. do not send me a pair of discarded underpants, that contest has already expired. what years did andy serve in the army? his voice sounds eerily familiar. there was this one night in seoul that i didn't ask and he didn't tell. [ laughter ] >> jack, andy served in korea in 1991 to 1992 i believe but by served i mean as a bar tender in a place called happy joe's. back then his nickname was handy andy which is weird because he was never really good around the house. we will close things out with the post game wrapup from tv's andy levy. to see clips of recent shows go to fox news.com/redeye. right now, all over the country, discover card customers are getting 5% cashback bonus at the

"cnbc reports" is back at 8:00 tomorrow and tomorrow morning on "squawk" boone pickens.for being with us. good night. (announcer) wepeak car. sure, but we speak hybrid? yes, we do. and we can s 700 miles on a single nk and epa estited 41 mpg city and all the words stk because they're true. we speak the most uel-efficient midsize sedan in america. we speak t a-new 2010 ford fusi hybrid. get in... and ive one. oof! i hope he ha. aflac! u really need it these days. how me? well if yore hurt and can't work it you cash... ye thelp with everyday bls like g...and groceries. it's like rance for daily living so...what's it called? uhhhhh aflaaa!!! oh yeah! that's it! aflac. we've got you under our wing a-a-a-aflaaac!

boone pickens who has been pushing natural gas as a transportation fuel, are introducing legislation to extend tax credits for consumers to buy natural-gas-powered cars an companies that build and fuel them. >> there are 10 million natural gas vehicles on the world's roads but few of them are used in the united states. >> we need an extra push to spur on the greater use of natural gas and to get more natural gas vehicles on our odes. au naturel gas is 5 ooh% cleaner -- natural gas is 50% cleaner than diesel. >> there is only one model of natural gas powered car, the honda civic gx, available to consumers in the u.s. initially it was only for sale in california and new york. don marino, who runs a honda dealership in california, also notes there is an infrastructure problem that may be limiting sales nationwide. >> with natural gas, you have to live in an area where you can get natural gas at the pump fairly freely. in l.a., that's possible. in new york, it's possible, but other sections of the country, it's not. >> at least not for consumers. some state and local governments have set

you can find analyst whose think they are and find distinguished people like boone pickens who think they're going to 100. the production and supply and inventory numbers came out today, they're very big and shot the price down. that's what should happen and it happened. aren't people guessing about the future economy? is there a global recovery, american recovery? fate of u.s. dollars value. isn't that the great guessing game in markets? why do we think this one's rigged? >> that's the thing. if people really felt the economic recovery is going to be very slow, you're not going to have rapid growth, then that oil price will come down, just as natural gas prices come down anyway. there's a huge glut out there. you saw this same kind of volatility in the 1970s, when you had bad monetary policy, people didn't know what the dollar was going to be worth, what the economy would do in that crazy period. as a result, you saw oil go up to 35, $40 a barrel, as low as $10 a barrel, started the decade, late 60s at $3 a barrel. that kind of volatility is a reflection of a bad monetary policy and

boone pickens was promoting the introduction of legislation supporting vehicles that run on clean natural gas. >> what an opportunity to move to a cheaper, cleaner, abundant fuel, our fuel. can you imagine us having a break like this? this is a window of opportunity, i can tell you. america cannot pass it up. bret: brit hume talks about the prospect of a second stimulus bill, and the first stimulus has created jobs at the cost of almost ( conversation ) garth, you're up. hold on, i'm at capitalone.com picking a photo... for my credit card. here's one from my prom. oh, what memories. how 'bout one from our golf outing? ( shouting ) i know, maybe one of my first-born son. dad, mom says the boys gotta go. personalize your card by uploading... your own photo at capitalone.com. what's in your wallet? ♪ bret: the administration issued a clarification today about the prospects for a second stimulus package. wendell goler reports there are still plenty of concerns about the first one. >> the vast majority of stimulus money so far has been spent on medicaid and protecting teachers' jobs, according

boone pickens was promoting the introduction of legislation supporting vehicles that run on clean natural gas. >> what an opportunity to move to a cheaper, cleaner, abundant fuel, our fuel. can you imagine us having a break like this? this is a window of opportunity, i can tell you. america cannot pass it up. bret: brit hume talks about the prospect of a second stimulus bill, and the first stimulus has created jobs at the cost of almost $400,000ie apiece. that's what we t heard today. stay tuned. the rescue mission safe... and powering those goggles-- the only battery air life trusts: duracell. trusted everywhere. nitrogen-enriched for optimum performance, maximum protection. there's no mistaking the power of the v. ♪ when morning comes in the middle of the night... rooster crow. ...it affects your entire day. to get a good night's sleep, try 2-layer ambien cr. the first layer dissolves quickly to help you fall asleep. and unlike other sleep aids, a second dissolves slowly to help you stay asleep. when taking ambien cr, don't drive or operate machinery. sleepwalking, and eating or driving

. >> boon pickens is always in the news at the top. >> mr. speculate e kevin kerr, thank you, bill smead, thank you. say it with the spiddle coming out with a p. >>> coming up, washington politics. what's the impact on the rally? warren versus steven moore. let's check in on dennis kneale what he has coming up at the top of the hour. >> a debate, do you believe in this country, i talked live with a guy in his castle, lives alone in a condo. >> all by himself. >> holy canoli. that looks great. after the break. >>> we want to bring you up to date on breaking news. the fcc has sent a letter to am and at&t, they're launching an in dwy inquiry them over the rejection of the apple rejection of google voice for iphone and remove related third party applications from its ap store. that's what they ask from the worldwide government affairs. did apple act alone or in consultation with at&t in rejecting the applications does at&t have any approval of apple applications in general and please explain any differences between google iphone applications and

. >> larry -- >> let's go to somebody like boone pickens. >> larry, what that is called is peck legislation. >> well, no -- >> what that is called is what got us into this disaster in the first place, and wall street has caused a major recession, because they get involved in bubble economics. >> senator, let's look at the other side of the argument here. of course, part of this at least was caused by speculation. but the -- >> substantial part. >> but doesn't a speculator serve a purpose in this market? a speculator allows somebody like southwest airlines to get into the market and hedge their bet on where fuel prices are headed. say they want to protect themselves against it going substantially higher or lower. someone has to take the other side of the bet. that person makes a market and that person is a speculator much they're not a commercial user. they're the one that is willing to go in and take the risk so the consumer can benefit from steady prices in, you know, airlines or whatever else -- >> just told us a minute ago that there are no steady prices. what we're seeing is incredible

boone pickens was the most recent one that said i'm not going forward until i can get financing. so i think the economy has to come back. all the predictions are that in 2010 the wind industry in the united states will start to come back. but even so it's quite clear from all the numbers and all the efforts going on that china's going to overtake the united states within a couple of years and be the market leader in producing wind turbines and wind-generated electricity. >> and in terms of technology to do that, right? production is one thing, but they're buying some of it from you. but in terms of the new technology in the future, that's also coming there, from there? >> well, that's right. we sell wind turbine designs to leading manufacturers in china. they're in the business of manufacturing these turbines. and part of the deal is the contract we have with them is they have to buy the brains from us. so we're teelg selling the components, the brains that make these wind turbines work and hook up to the power grid and so forth. so we have the technology that makes them successf

. >>> tomorrow on "squawk box," boone pickens, one year after launching the pickens plan.ilures, the climate bill, cap and trade, everything on the table for the legendary lman. that's tomorw right here on "sawk box." d#: 1-800-5-2550 "i'm rethinking everything... td: 1-80345-2550 including who i trt to look after my money." tdd#: 1-800-345-2550 tdd#: 1-805-2550 "the dust might settli. tdd#: 1-800-345-2550 at's great, but i'm not. tdd#: 800-345-2550 tdd#: 1-800-345-2550 guess i'm just done with doing nothing, you know?" td: 1-800-345-2550 tdd#: 1-800-345-2550 "o g about ving my money. d#: 1-800-345-2550 i am movg it." grab t wheel of a ford, lincoln or mercury and youl drive the ford difference. the difference is ford quality. quality that can'be beat by honda or toyota. and that difference is in evervehicle in our lineup... which includes the most fuel-effient mid-size sedans in erica. now, drive the ford fference home a we'll cover the first threeayments. hey...differe is good. test drive it r yourself. et to your ford or liolmercury dealer or vit ford.com and drive the