This graphic is from the EIA in their energy brief on energy subsidies:
From this graph, we consume more energy (blue line) than we produce domestically (red line). The difference between the two is how much we have to import to balance the books, so to speak. This deficit amounts to about 30% of all energy consumed on a yearly basis.
The question now goes to those who want the US to become “energy independent”. How do you get those two lines to converge. You have to either bring down consumption, increase production or end up with a combination of the two. But if you don’t, then you’re still going to be importing energy. That’s the bottom line.
This is the elephant in the room for the Pickens Plan. Right now, the plan is to shift consumption sources around, from oil to natural gas in road transportation and from natural gas to wind in electricity. But shifting the production resources doesn’t address the fundamental imbalance between demand and supply. The difference will still need to be made up, and the Pickens Plan doesn’t do that at all. He’s just playing Three Card Monte with energy.
But one argument would be: yeah, but we’re reducing our imports of oil, so that’s something. But something will have to replace it if you don’t increase energy production by 30%. That is not the goal of the Pickens Plan, so there will still be energy imports even if the Pickens Plan is implemented.
But we have to make sure those dirty Arabs and other terrorist nations don’t get any American oil money, even if we end up buying their natural gas, uranium and other energy sources, which then means that the Pickens Plan will accomplish nothing. Well, except put money in Pickens’ pocket.