T. Boone Pickens
T. 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...
NationalityAmerican
ProfessionBusinessman
Date of Birth22 May 1928
CountryUnited States of America
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.
concerned executives far power prestige profits
Far too many executives have become more concerned with the 'four P's' - pay, perks, power and prestige - rather than making profits for shareholders.
Big Oil is a club, and they'll do everything to keep me out.
far people truth
The American people know something is wrong as far as energy is concerned. They don't think they are being told the truth.
amused blame congress heard somebody tries
I'm amused when Congress tries to place the blame on somebody but never themselves. I've never heard any of them ever say, 'I've made a mistake.' I do. I say I called it wrong. But they just try to find somebody to blame.
american-businessman
I have always believed that it's important to show a new look periodically. Predictability can lead to failure.
eight sure work
Work eight hours and sleep eight hours and make sure that they are not the same hours.