Quotes from T. Boone Pickens


Sorted by Popularity


When you look at a commodities market you need hedgers and speculators. If you don't have one, you don't have a market. That's how it works.


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.


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.


I fracked over 3,000 wells in my life and never had a problem with an aquifer.


I never did anything dishonest.


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


The American people know something is wrong as far as energy is concerned. They don't think they are being told the truth.


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.


I don't believe in a price on carbon, because the government is going to control it and they're going to fail.


You give the money where you want it.


Chief executives, who themselves own few shares of their companies, have no more feeling for the average stockholder than they do for baboons in Africa.


We're going to have shortages and prices are going to go up. Gasoline is going to be extremely tight for us.


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


I've got an opinion on everything.


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 don't need any more money.


As long as there's political uncertainty around the energy space, stock prices will come down.


On a scale from 1-10, my ambition is probably 11 or 12.


In the history of America, we've never had an energy plan. We don't even realize the resources we have available to us.


If somebody I don't like gets in the crosshairs, I pull the trigger. But I don't hunt for them.