T. Boone Pickens, fully Thomas Boone Pickens, Jr.

T. Boone
Pickens, fully Thomas Boone Pickens, Jr.
1928

American Business Magnate, Financier. Corporate Raider and Takeover Operator, Chairs hedge fund BP Capital Management

Author Quotes

Myth No. 4: The lack of new refineries in the United States is a main contributor to high gasoline prices.

Myth No. 5: New technology will enable us to discover enormous untapped reservoirs of oil.

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.

Natural gas is better distributed than any other fuel in the United States. It's down every street and up every alley. There's a pipeline.

Natural gas is the best transportation fuel. It's better than gasoline or diesel. It's cleaner, it's cheaper, and it's domestic. Natural gas is 97 percent domestic fuel, North America.

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.

Many managers won?t face reality when assessing their own deals. They either panic and jump out of the boat or refuse to admit they have a problem. Stupidity may be part of the problem, but ego is probably the biggest problem.

Money can be overrated, but it can also be a precious gift when used unselfishly.

Money is a report card.

Money is to be respected; one of the worst things you can do is handle another person's money without respect for how hard it was to earn.

Money is to be respected; one of the worst things you can do is to handle another person?s money without respect for how hard it was to earn.

My father began to run out of luck. Instead of playing it safe with land deals, he started investing in wildcats, which were wells drilled by independent oilmen in uncharted territory. Successful wildcats came with big payoffs ? but at great risk. Our family was soon pinched?

My father was better at assessing risk in a game of five-card draw than in looking for oil.

If you don't have a refinery operating, it's hard to use the oil that's available.

It's almost like, what Katrina didn't get, this one's going to.

If you?re on the right side of the issue, just keep driving until you hear glass breaking. Don?t quit.

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.

I'm a Republican. I don't want to go to heaven and have to face my family up there and tell them I voted for a Democrat.

It's never worked. Price will kill demand.

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.

It's very hard to get an energy plan. It isn't a failure of the Democrats. It's not a failure of the Republicans. It's a bipartisan failure. Over the years neither party could provide the leadership to have an energy plan.

I'm focused on energy only. And I know what I'm talking about. And I don't want to be distracted on other things.

I've always believed that it's important to show a new look periodically. Predictability can lead to failure.

In a deal between friends, there's no place for a wolverine.

I've been married over 50 years of my life.

Author Picture
First Name
T. Boone
Last Name
Pickens, fully Thomas Boone Pickens, Jr.
Birth Date
1928
Bio

American Business Magnate, Financier. Corporate Raider and Takeover Operator, Chairs hedge fund BP Capital Management