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...
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Writing is great for keeping records and putting down details, but talk generates ideas. Great things come from our luncheon meetings which consist of a sandwich, a cup of soup, and a good idea or two. No martinis.
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You can't invest in natural gas on a daily basis. It's too volatile. But if you think of natural gas as a long-term holding, then you push your profit horizon out. A long-term time horizon would be at least two years.
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The world produces about 85 million barrels a day. That's where demand is now, too. And I've seen forecasts that demand is going to be higher than that by the end of the year.
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Far too many executives have become more concerned with the ''four P's'' -- pay, perks, power and prestige -- rather than making profits for shareholders.
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As long as there's political uncertainty around the energy space, stock prices will come down.
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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.
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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.
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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.
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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.
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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.
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The cheapest natural gas in the world is in the United States.
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Natural gas is a better transportation fuel than gasoline, so if that's the case, it's cheaper, it's cleaner and it's a domestic resource.
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I don't care whether you use natural gas, ethanol, the battery. You can use anything, just so it's American.
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The older I get, the more I see a straight path where I want to go. If you're going to hunt elephants, don't get off the trail for a rabbit.