Boone Pickens
Boone Pickens
Thomas Boone Pickens, Jr., known as T. Boone Pickens, is an American business magnate and financier. Pickens chairs the hedge fund BP Capital Management. He was a well-known takeover operator and corporate raider during the 1980s. As of September 2014, Pickens has a net worth of $1 billion...
barrels billion hear million number oil producing shocking uses
Let me give you a number that is pretty shocking when you hear it. The world uses 30 billion barrels of oil a year. There is no way we're replacing 30 billion barrels of oil. Just a million barrels a day is 1,000 wells producing 1,000 barrels. That's big.
foreign good oil power produced replace solar understand
It's important to understand that oil and renewables do different things. Wind and solar are for power generation, so they don't replace oil. About 70% of all oil produced is used for transportation fuel. Renewables are good projects, but they don't get us off of foreign oil.
oil use refinery
If you don't have a refinery operating, it's hard to use oil that's available.
oil decision soldier
For decades, our dependence on OPEC oil has dictated our national security decisions and tied us up in the Middle East at an incredible price. We've spent more than $5 trillion and thousands of American soldiers have died securing Middle East oil.
oil opec free-market
There is no free market for oil.
thinking oil iraq
I don't think for a minute we went to Iraq for oil. It just so happened that it had oil. But I think we'll come out of the Iraqi situation with a call on their oil at market price.
believe oil gasoline
I do believe that oil production globally has peaked at 85 million barrels. And I've been very vocal about it. And what happens? The demand continues to rise. The only way you can possibly kill demand is with price. So the price of oil, gasoline, has to go up to kill the demand. Otherwise, keep the price down, the demand rises.
oil long arabia
There's no question that tar sands in Canada are probably the largest source of oil available to the U.S. over a long period of time. There's as much oil in the tar sands probably as there is in Saudi Arabia. The problem is, there's a huge capital requirement to develop that.
new-york oil looks
It has become cheaper to look for oil on the floor of the New York Stock Exchange than in the ground.
american-businessman concerned executives far power prestige profits rather
Far too many executives have become more concerned with the ''four P's'' -- pay, perks, power and prestige -- rather than making profits for shareholders.
pleased skin
Mr. Pickens is pleased to have some skin in the Barnett Shale game.
fourth half later levels pick quarter somewhat year
We think the first half of the year is going to be somewhat slow, pick up later in the year and in the fourth quarter we'll be back up to levels like we are now.
europe gasoline move prices states united within year
You have gasoline in Europe at $5, and in the United States at $2.20. Eventually, it's going to have to move up. ... I do think you're going to see gasoline prices move up to $3 within a year from now.
advance appreciate cannot companies critical cross donations employees front grateful help hopeful large line magnitude mission opportunity pull recovery red region spur struck time together
You cannot help but be struck by the magnitude of this disaster, ... The American Red Cross is on the front line of this recovery effort. I'm grateful for the opportunity to help advance their mission and I appreciate the contributions from so many of our employees and their families. I'm hopeful this will help spur other donations from companies large and small. As a nation, this is a critical time to pull together and help this hard-hit region recover from this disaster.