t. boone pickens. boone, i want to ask you to explain your strategy here.saying that the opening up offshore drilling won't provide us with enough oil in enough time to get off dependency off imported oil in the united states. your suggestion has been for quite some time, get our 18 wheelers, our big rigs, our commercial vehicles, off of gasoline by making them into natural oil or some alternative-energy consuming vehicles and making them more efficient. is that a good starting point? >> that's a good starting point. i'm ready to drill on the offshore, i have no problem with that. but don't look for big reserves off the east coast of the united states. number one, if you try to compare it to the gulf of mexico, texas and oklahoma, and then you go off into the gulf, they're big oil fields all over the south texas and south louisiana, but off the coast of virginia, south carolina, there's no oil fields onshore there. why do you think they're going to be big oil fields offshore? and the shelf in the gulf of mexico goes out 600, 700 miles, and here the shelf yo

t. boone pickens suggest suggests i just wonder why i never hear the media pick pick up on t. oone pickens' ideas. he talks about wind power a loss but he does talk about fuel from the gas, from oil. please comment. >> guest: he is a big investment in that and he is certainly bit and addition area. again that is going to be something that is up to the individual companies to decide whether the economics are there for them to open up the cap well and whether in fact there is enough of the fuel out there. as you know t. boone pickens was going to have a very substantial windfarm which he then decided was not economically feasible or didn't like the way it looked at that point in time. it was a 200,000-acre field in order to produce the same amount of power that you get from an average nuclear reactor. and the economics just weren't working for him at that point in time. oil was something the utilities themselves are going to have to decide if it is something to go back on, but again that is why we desperately need an energy bill. we need congress to set up parameters. we need the

t. boone pickens. i can remember as a kid when of oil wells were all over illinois. every one of them had these burning things of gas. what a waste, we thought. i know there are not so many oil wells now, but there are several that are capped. maybe oil has built up in them. if they were to use the fuel, has t. boone pickens suggests -- i wonder why i never hear the media picked up on his ideas. he talks about wind power a lot, but he also talks about gas. guest: he has a big investment in that and is certain a visionary in his thinking. that will be up to individual companies to decide whether or not they can open up a cat well, if there is -- capped well, if there is energy to be looked at. he had a 200,000-acre field for windmills to produce the same amount of power that you could get from an average nuclear reactor. the economics were not working for him at that point in time. that is why we desperately need an energy bill. we need congress to set up parameters, say how we are going to go forward. . host: 1 to get your reaction to the epa announcement last week t

t. boone pickens. i can remember as a kid when of oil wells were all over illinois.f them had these burning things of gas. what a waste, we thought. i know there are not so many oil wells now, but there are several that are capped. maybe oil has built up in them. if they were to use the fuel, has t. boone pickens suggests -- i wonder why i never hear the media picked up on his ideas. he talks about wind power a lot, but he also talks about gas. guest: he has a big investment in that and is certain a visionary in his thinking. that will be up to individual companies to decide whether or not they can open up a cat well, if there is -- capped well, if there is energy to be looked at. he had a 200,000-acre field for windmills to produce the same amount of power that you could get from an average nuclear reactor. the economics were not working for him at that point in time. that is why we desperately need an energy bill. we need congress to set up parameters, say how we are going to go forward. . this is just strictly capital costs. there is a difference there, even in co