Pickens Plan CNG

CNG is an immediate answer to skyrocketing gasoline prices. The environmental benefits of CNG make it even more compelling.

CNG Now. Here’s how: Converting just 10% of America’s vehicles to CNG will lower U.S. oil consumption enough to save nearly 50 billion dollars each year.* That’s $50 billion less spent on foreign oil.

Let Washington put those billions to work as incentives to build and buy CNG vehicles like the rest of the world enjoys.

“This can be accomplished in less than 10 years if you have the right leadership.”
— T. Boone Pickens

*In late July, Rep. Rahm Emanuel, along with Rep. Dan Boren, introduced legislation calling for the increase of CNG vehicles on the road to 10% in 10 years.  Read the press release at www.house.gov.

According to the EIA, the amount of "Finished Motor Gasoline" used in 2007 was 9,286 thousand barrels per day.

9,286 thousand barrels/day = 9.286 million barrels/day. This is roughly 10 million barrels/day and 10% of this would be one million barrels/day. (The 9,286 number also appears on the EIA's "Petroleum Basic Statistics" page.)

1 million barrels/day x $130/barrel* x 365 days/year =
$47.57 billion ("nearly $50 billion")
*$130/barrel as of July 2008.