Consumer News: Foreign Oil

Texas oil man T-Boone Pickens had a plan for the country when gas cost four dollars a gallon.

So what now that prices are way down?

When I started my campaign on July 8th, gasoline prices were $4.11. Today they're one-third of that. But it's the same thing we've seen '70s, '80s, '90s and 2008 when the price goes up, we start to talk about alternatives, then they bring the price down again for us.

So now it's a perfect time because we're getting the gasoline cheap and at the same time, we can start to switch over to green power, we can go to wind, we can go to solar. But more than that, we can start to use natural gas for our heavy duty trucks.

And that is a key to the whole equation as far as I'm concerned. You are going to have to get off of foreign oil.    

Pickens also says he thinks President-elect Barack Obama will help put a plan in place to stop importing foreign oil in 10 years.