A biography for T. Boone Pickenshasn’t been written yet.
“There is no free market for oil.”
“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.”
“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.”
“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.”
“The American people know something is wrong as far as energy is concerned. They don't think they are being told the truth.”
“In the history of America, we've never had an energy plan. We don't even realize the resources we have available to us.”
“We're going to have shortages and prices are going to go up. Gasoline is going to be extremely tight for us.”
“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.”
“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'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.”
“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.”
“Fundamentals make the market.”
“I don't believe in a price on carbon, because the government is going to control it and they're going to fail.”
“I never did anything dishonest.”
“I've been married over 50 years of my life.”
“Big Oil is a club, and they'll do everything to keep me out.”
“I have always believed that it's important to show a new look periodically. Predictability can lead to failure.”
“I don't need any more money.”
“I say, you work eight hours, and you sleep eight hours - be sure they're not the same eight hours.”