T Boone Pickens Watch:

• He is therefore confident the Obama Administration will see the light on natural gas as a transportation fuel. Here is a good place to insert the president’s quote on energy:

"And for the sake of our economy, our security, and the future of our planet, I will set a clear goal as president: In 10 years, we will finally end our dependence on oil from the Middle East". Please  note that Nixon said this too, in 1970.

• TBP made a good case for natural gas availability, defended the frac water question easily and the inevitable chicken and egg question of refueling infrastructure for CNG cars and trucks. Basically on this last one, he said gas will make inroads by having refueling stations open up as you add compressed natural gas garbage trucks and buses, and corporate fleets and  then move to the 18 wheelers (he expects to win (WMT) over and is in talks with all of the big trucking lines). The play here continues to be (CLNE).

• In most things I agree with T. Boone as he is essentially in favor of using the resources you have and not increasingly leveraging energy dependence to ones you don’t. Not to be xenophobic but I believe that a country that consumes as much energy as the U.S. does (about 25% of the oil produced each day with a population of just 4 to 5% of the earth’s total) should work to make itself more independent. There has been no energy plan in this country and on the topic of a need for such a plan I am in absolute agreement with him.

• Check out the Picken’s Plan here.

Reality Check Watch: Three congressman introduced a bill that seeks to put frac water under the control of the Safe Drinking Water Act.  They say they want to have EPA regulate the drilling of each well and thus close down the so-called "Halliburton loophole".