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And our first guest today is one of the catalysts behind that momentum on the campus of osu, a man the president mentioned by name in his big energy speech yesterday. a man who made his money in oil but thinks we need to get off of it. t. boone pickens. he's a huge proponent of our natural resources and wind power, of upgrading our power grid, of dealing with misaligned incentives that pays people to do the wrong thing rather than the right thing whether it's in your household or running a utility. mr. pickens is the founder and ceo of bp capital management and it's a real delight to see you a...

You know, my friend uses this great example. salt was a strategic commodity for thousands of years, the only way to preserve food, the only way to preserve meat. it was a really big deal. countries went to war over salt mines. and with the coming of the electricity grid, that ended in a few years. frozen meat was not only cheaper but tasted better. so refrigeration destroyed salt's strategic role. we still use it, we put it on the sidewalks in the winter, eat it on corn on the cob, but nobody looks at the salt shaker when they go to the table and wonder if we're salt independent. >> let's just...

Where an agent can help you find the policy that's right for you. liberty mutual insurance -- responsibility. what's your policy? are there any boots on the ground at this time in libya? >> not that i'm aware of. >> do you know if there's any time in the future that there are going to be boots on the ground in libya? >> not as long as i'm in this job. i can't speak to any cia activities. >> well, that's the defense secretary of our country, robert gates, ruling out boots on the ground. side stepping, of course, questions about intelligence operations that are being leaked and already active ...

Presidential finding. press stories, that there is one, i have no idea. >> let's talk about the strategic importance of oil on the planet right now. how valuable is it strategically now and how does that mess with our lives? >> it is vital. oil dominates about 96% of transportation around the world. and opec has something approaching 80% of the world's petroleum reserves. we have 3%. so it takes -- and it costs them a few dollars a barrel maximum to lift oil, say in saudi arabia. it costs us tens of dollars a barrel. and we are borrowing over a billion dollars a day in order to pay for both si...

Plays on the board. >> exactly. i'm a cheap guy. >> greg, how would you envision this? you talk about wanting to own the resource on the farm yourself as opposed to leagues the land. it's as if instead of growing corn, you're growing windmills. what's the barrier to doing something like that? >> well, i would agree with mr. pickens. it comes right down to price. and, you know, when our biggest utility in the state decided they liked wind energy, they wanted a guaranteed rate of return for their wind energy so they went to the legislature and did that. independents can't get it, so now we've go...