• This is a rush transcript from "Your World With Neil Cavuto," August 19, 2008. This copy may not be in its final form and may be updated.


    SEN. BARACK OBAMA (D-IL), PRESIDENTIAL CANDIDATE: I met with T. Boone Pickens yesterday.


    OBAMA: Now, T. Boone Pickens...

    T. Boone Pickens, he says we can't drill our way out of the problem.

    He is a legendary entrepreneur. And, you know, one of the things that I think we have to unify the country around...


    NEIL CAVUTO, HOST: OK, that's just weird, Barack Obama singing the praises of the guy behind financing that Swift Boat Veterans' attack on John Kerry.

    Now, they differ on that attack, but not on attacking the nation's energy problem, which got weirder still today, when Boone Pickens shows up in Las Vegas with the likes of Harry Reid and Bill Clinton, talking up energy alternatives.

    So, is this a sign that Boone has found a presidential alternative, a Democrat alternative?

    I decided to go right to the source: Boone.


    CAVUTO: You've been paling around with a lot of Democrats lately. And they have been saying wonderful things about you...


    CAVUTO: ... from Harry Reid and a host of others today in Vegas, to Barack Obama.

    What's the deal?

    T. BOONE PICKENS, FOUNDER & CHAIRMAN, BP CAPITAL: I have got a plan, Neil. And it's an energy plan.

    Video: Watch Neil's interview with T. Boone Pickens

    And I think, from what we have done — and we have done a lot of work on this subject. We have done a lot of polling, now. And there's no question the American people are becoming acquainted with the number-one issue in this political campaign.

    And I said it was nonpartisan from the start, and it is nonpartisan. And — but I have a plan to get away from foreign oil. And we're — you know, we still have $700 billion going out the back door for foreign oil. We're paying for both sides of this war. There's no question about that.

    Now you have the Georgian and the — situation with Russia, and no question about that being — that's an energy issue, too. There's a million barrels a day involved in that problem. And...

    CAVUTO: Well, obviously, some — it's resonated, though. And now you've got Barack Obama saying a lot of nice things about you. In fact, lately, you have been seen and heard and talking to Barack Obama more than John McCain, it seems.

    Who's your candidate for president?

    PICKENS: No, that's not right.

    Oh, I don't have a candidate. I'm — I'm out of this race. But, no, I...


    CAVUTO: But wait, wait, wait. You must have a preference.

    PICKENS: Well, you know, we will see how this unfolds. I mean, I don't know how these guys — where they're going to come out on energy and all. I have always — in the past, I have always voted Republican, but I...


    CAVUTO: Right. When you were last with me, you seemed to be leaning to McCain. And now you seem to be, well...

    PICKENS: Well, I'm always — I'm always going to lean to the right, so...


    PICKENS: ... it's — I'm a right-leaner. But...

    CAVUTO: But you're more favorably disposed to Obama now?

    PICKENS: No. I mean, John McCain could not have been more, you know, engaged with me on the subject. And he and Lindsey Graham sat there. And we talked for an hour-and-a-half.

    And, no, I mean, I would say that both candidates are — it's a total nonpartisan issue. It doesn't have anything to do with politics. This is about America, is what we're talking about. And — and when you have got both sides saying that this is not bipartisan, then you have got a real good chance at getting something done.

    PICKENS: And I think we have got a good chance of having a — I think both candidates, I'm hoping they will come out and say, before election, that they will reduce, in 10 years, the dependency on foreign oil by at least 30 percent, and that does not include any conservation. I want that from both of them.

    And, then, in the first 100 days, I want to — I want them to come up with a plan — Congress, too — and for them to enact something that will start it into action. And that goes along with the renewables, the wind. I want to see the corridors opened up, so you can transmit that wind power from the East and West Coast out of the wind corridor, which is from Texas to Canada.

    And, you know, we could have a — it could be an unbelievable boost to our economy if we get some of these things accomplished quickly.