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.
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.
Big Oil is a club, and they'll do everything to keep me out.
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.
gas invest natural profit push time
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.
prices stock
As long as there's political uncertainty around the energy space, stock prices will come down.
life
I fracked over 3,000 wells in my life and never had a problem with an aquifer.
believe government failing
I don't believe in a price on carbon, because the government is going to control it and they're going to fail.
use news computer
Never Googled myself. I use a computer for market quotes and news, but I've never Googled myself. But I have visited their headquarters.
differences trying making-a-difference
I always saw myself as a large stockholder trying to make a difference. I wasn't raiding anybody.
thinking voice littles
To me, emails are a little bit frustrating. I think that the telephone is much preferred because you get the sound of the voice and the interest and everything else you can't see in an email.
thinking increase should
I don't like stock buybacks. I think if a company has the money to buy their stock back, then they should take that and increase the dividends. Send it back to the stockholder. Let them invest their money again from the dividends.
needs more-money
I don't need any more money.