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T. Boone Pickens discusses clean energy with Al Gore in February. Center for American Progress/flickr

 

Oil billionaire and alternative-energy activist T. Boone Pickens was in Canada this week to extol the virtues of natural gas, and pushed for increased natural gas investment and cooperation between the U.S. and Canada:

It's going to be good for America, it's going to be good for Canada, it's going to be good for the producers, it's going to be good for everybody. I can only see that the only loser in this deal is foreign oil. And I don't call you foreign. You don't look foreign.

Natural gas prices have been in a bit of a funk lately, but this week, several companies paid for the right to explore the area around Horn River, British Columbia, Canada. There's no guarantee that they'll find natural gas reserves there, but it's thought that there's a huge amount of the stuff underneath the Canadian north.

The companies have to be pretty confident that they're going to find some -- they just gambled $178 million on it.

categories: Canada, Energy

2:10 - June 19, 2009

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