T. Boone Pickens Quotes & Sayings (Page 4)

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

“It has become cheaper to look for oil on the floor of the New York Stock Exchange than in the ground.”

“You want to compete, and you want to compete at the highest level.”

“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.”

“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.”

“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.”

“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.”

“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.”

“I don't go cheap on anything, but I'm not a shopper. If I want something, I look at it, decide what it is, but it will usually be the best product. I've got a pair of loafers that I still wear that I got in 1957.”

“Big Oil is a club, and they'll do everything to keep me out.”