Tony Robbins interviews T. Boone Pickens (Part 2)

Tony Robbins interviews T. Boone Pickens (Part 2)

Tony Robbins interviews T. Boone Pickens (Part 2)

Published on May 18, 2016
Have a seat and enjoy this Q&A featuring best-selling author and entrepreneur, Tony Robbins, and the Oracle of Oil, T. Boone Pickens. These two thought leaders cover a wide range of topics pertaining to domestic and global energy issues as well as strategic opportunities in the United States today.

Seth Klarman’s 2021 Letter: Baupost’s “Never-Ending” Hunt For Information

Baupost's investment process involves "never-ending" gleaning of facts to help support investment ideas Seth Klarman writes in his end-of-year letter to investors. In the letter, a copy of which ValueWalk has been able to review, the value investor describes the Baupost Group's process to identify ideas and answer the most critical questions about its potential Read More

0:48where it is and where do you see it going today is about thirty to $33 a
0:54barrel and it got down as low as 20 2696 shower I think that was the low and that
1:06we’re working our way back up now and by the end of the year they will be back to
1:11$2 or $3
1:16$47 tomorrow just for a minute ago but we were $100 for some time
1:24coal prices dropped her what her role there for sure the russians in her own
1:34gas producers in United States actually entails a consumer in the United States
1:39we should help consumers all over the world but today there were always using
1:4995 million barrels a day and we’re going to be in a half barrel this year a day
1:56every year so next year will you know about 2,200 be in barrels of all our
2:07choir so is there there’s a lot of
2:12or you can the business change grow at $33 amber you hire presented in the
2:24branch will get our economy right now how does that affect how soon that
2:32occurs in terms of supply and demand what do you think will push the price
2:35back up because we had no waiver 2014 we had 16 nerd rage drilling parole today
2:51we have for seven years ago with great joy drilling for gas naturally as and
3:03today we have two of them so you are used in the drilling of oil and gas in
3:11the United States wow if you were giving investors an idea you think it’ll be
3:20where I think you’ll be $50 and if you want you by maybe 2698 that was a cage
3:3612 months later you’re usually controversy from Euro oh boy so you tell
3:51me what do you see when you look at the world economy as a whole
3:54what’s your view of where things are going all over the world better now
3:58doing negative interest rates
4:00you know you got quantitative easing being maximized and yet you know the
4:04economies of the world not responding what’s your view of where the world’s
4:08going in
4:09how we should look at things as investors well if you wanna located in
4:15other European as I would say it’s social issues in their approach to
4:22gathering weekender Janet it bernie say they’re bitching that your mom but if
4:34you look around the world and if you ask people where would you rather leave the
4:41show the world the United States while 0 with beer is because we have the best
4:50the best opportunity eg people in america have a chance if they want to
4:57work hard and you don’t exactly have to have a college education to be
5:03successful if your scale and you’re viewing or are they
5:09there’s no problem but if you look at the unemployed stage the scale or their
5:15their employ their skill it is good work they have a day off and so who is a job
5:25you have a lot of people ask I would like to have a socialistic
5:30the government and that I don’t think well you said your dole and go to work
5:44every day 7:30 in the morning it is every day for the lawyer never said this
5:51but it’s it’s been good and bad days down down day but it’s been brutal I put
6:04extraordinary tell me you know what do we need a leader today what makes
6:08somebody great leader what are the principles from your perspective
6:11effective leadership we have seen much
6:19it’s sad case produced praise team shows which leader so maybe whoever whoever we
6:33get better
6:35well as leadership is watch here I what do you think of the most important
6:51qualities of an effective leader you know I i’m not she once again I believe
7:03yeah we’re good we’re not doing better raising the United States it’s easy to
7:10you know be involved in a lot of things and you know you say what what you get
7:19you playing out across the country
7:25$10 that’s a little high grade teacher and you on right now I’m used to you
7:39know we we have a lot to do this country we all out on me so I figure out how
7:45they that all ya sure he is burning calories solution is to tax somebody is
7:59that all that way and I don’t think anybody you know taxes to the high-class
8:07problem of a year making money you paid taxes and all you Jan 18 Trinidad like
8:18we have in the last eight years so what’s the solution to that dead at the
8:25numbers are so high
8:26security liabilities that medicare medicaid it’s over a hundred trillion
8:32dollars when you add all that in that ever be paid back I’m not sure you know
8:39the truth I believe you have the cheapest energy and one and you didn’t
8:50build back you know I’m cheap energy energy oh well cheap labor and you give
9:04away your ship in there and take advantage of cheap energy and you could
9:12do companies back into the united states and who left
9:18energies of being part of you know we we have paid out over trade dollar short
9:27for all well trained dollars is AG trillion dollar debt is well yeah but
9:36its place to start
9:38you your economy grow up by Percy I think he played a teacher and tell me
9:49you know one of the most powerful pieces of you as a leader in the past his guts
9:55to make the tough decisions every great leader does that we had george bush was
9:59here yesterday we had a really wonderful conversation with him about the biggest
10:04decisions of his presidency what are some of the biggest decisions you’ve
10:07made of a life 2013 that profoundly affected the direction of your life and
10:12share with us your philosophy about the decision making out you’ve talked to me
10:14the past about how most people a MAME you know tell us how you look at things
10:18differently around decisions
10:20yeah you read that as their people better in leadership roles that will
10:28trigger they made a major fire
10:35me they can pull the trigger to make a big decision but to make decisions
10:41involving energy area and I just see impact its goal and but I think I could
10:52decide to go in that direction I did but it’s it’s like to see you gotta be
11:04watchful eye on world day for war over the baby and it is a lot of there’s a
11:17lot of problems in a bridge it can actually you know what’s happened to us
11:25in the mid-eighties to China back down there safely go and they shall reign but
11:38your city there now the russians a move back in to the mideast in the serious I
11:47don’t know I don’t want to have in mind the water refill the Russian Empire and
11:58they’ve taken the Crimea Ukraine back but hurry
12:05is israel’s right now because almost og and it is still somewhere around $100 a
12:15day so they reduced handmade barrels of oil a day and we’re producing a little
12:25bit under 90 day and there those are the three biggest producers of your heart
12:33from to build his empire he’s extractable economy is in shambles
12:37what do you think of the Iranian deal how does rain coming on
12:42affect the price of oil well the Iranian said they actually a GED
12:50the sanctions and you know from satellites that they’ve been moving
12:58across Iraq all the time they have played a sanction
13:03show but truck is a way they moved it and you hear the rain chance to the
13:15world and I not to cheat sheet were forecast maybe I’m being barrels a day I
13:27think it probably closer to 300,000 barrels a day so it won’t be the same
13:33scale as some people think it is that’s interesting
13:37yes mr. Pickens an honor to speak with you is there but a breakeven price per
13:51barrel well differ differ producing areas
13:59three producing areas have come from the horizontal drilling the body and the
14:07Eagle Ford Shale texts and then west and the changes but farther but she got you
14:19have $50 a barrel I think the ridge back to work now so I’ll say yeah I’m here
14:26said he’s only got $5 a barrel british air all that is it exactly right they
14:33social care they actually to make made their safety of $100 per so they are now
14:46fiber and a greater
14:50net and they’re down 48226 Saturday and they have money this year for the first
14:59time to meet their social commitments oh and the only economy the Saudi Arabia is
15:06all they’re all so we’re we’re all producers now 62 you traditional and he
15:18was with the changes that are happening why is not holding back on their
15:24production or have they begun to well they look at what happened to always be
15:33in the swing producer and the United States production right now we do I
15:42change down two day now we brought her back to 9.7 2009 but I gave you a lot
15:59numbers real fast there but the sad BC you gave us when we’re trying to do it
16:07and we’re going to produce didn’t have been we’re not sure now they are talking
16:18ciampi not increasing production well I don’t think so crucial to the last year
16:28and I think they should they could just a live show with a crew Cyr Katie now
16:39because they should outrage and there’s activity and they they they they were
16:49Duchess down about four and a half billion barrels a day and it all started
16:59and so it all in all this to go work but jobs if you’re not really
17:09production so it’ll start to go on tell me what would you look at growth in
17:17Seoul where is that you saying that the reason that we won’t see the dead to
17:21petroleum uses because you’re still because the battery technology can push
17:26these big rig which is what basically all goods are transported and trucks
17:31that is that what you’re saying yes I your batteries for light-duty that’s
17:40fine but use it to you if you could get that guy so I’m just a person in a
17:46realistic about the use of energy and I know you have to have it will you have
17:52bernie sanders in here are saying there is okay let’s say get rid of fossil
18:01fuels go back
18:0395 million barrels a day is the used in barrels a day and 70% of that goes to
18:12trade for Jason what are they going to use you know get realistic it’s 50
18:18people don’t think we’re ready to go back to the bicycle or will you be real
18:29about issues and when I say this but the question I have is I know that you know
18:39whether it was six seven eight ten years ago you were pushing to put natural gas
18:43along major highways for the tractors and trailers to use and that’s what I
18:47think you’re trying to get through the Senate and Congress I believe and i for
18:52the life of me I could understand why are politicians will back that caused
18:56oil was up at seventy-eight hundred bucks a barrel i dont tractors and
19:00trailers I know how expensive it is Wendy’s at 350 375 and its outages it
19:05just makes all the sense in the world to me and you know for you to lose by three
19:10you tell me I mean it was just strictly political type thing which the reason I
19:16guess what I’m asking you know there there’s a lot of gas used for 80
19:23exists on the interstate so there’s a lady and see two trucks and that’s all
19:38they get is happy he may be a game-changer that has attracted you to
19:49see probably where each factor they have now
19:56region is 9% play xbox is cleaner than the batter know that it’s gone the way I
20:13was actually it was was on would be it was a tax deal it was so so but match
20:28reactions gone replaced easily because that’s what we have so much cleaner that
20:34they slip gas gas stations get natural gas available to tractors and trailers
20:43in any kind of scale at least in the Northeast anyhow what you’re saying
20:48you’re saying in the west it’s happening pretty pretty heavily right now are you
20:52have to just just look around check with clean energy fuels and they will give
21:01you where all the stations are located there actually are replacing their fuel
21:12and other because it is true
21:15leader and is cheaper but it’s not too late for you is she made you like it and
21:24you should like but her beloved its 350 days old so you know we are here
21:37natural gas is available to you if you did clean energy fuels and give you a
21:44catalog show you all the stations I wasn’t aware that I look into it thank
21:51you for all these articles and stuff about driverless cars and driverless
21:57trucks in five to ten years and I guess my question for you is is that realistic
22:04and if so how will that affect the oil market especially in our country
22:13yes it is really scare me dad to me coming upon a team leader coming towards
22:28will be a driverless tractor don’t have to worry about a more cuz I don’t drive
22:35on the highway by a drive on my rage but don’t grow on trees is going to happen
22:45yes it’s gonna say you’ll be a beginner she does it will get better fuel
22:55efficiency when that happens but I don’t think bridge but you know the founder
23:04this month ago he’s convinced they will happen and they did or I would look
23:16crazy at his door if they’d only happen
23:21believe it

Updated on

Sheeraz is our COO (Chief - Operations), his primary duty is curating and editing of ValueWalk. He is main reason behind the rapid growth of the business. Sheeraz previously ran a taxation firm. He is an expert in technology, he has over 5.5 years of design, development and roll-out experience for SEO and SEM. - Email: sraza(at)
Previous article Phillips 66 Is Even More Attractive After Price Decline
Next article Ride Oil’s Comeback

No posts to display