T. Boone Pickens On His One word Answers

T. Boone Pickens On His One word Answers

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Powering America’s Energy and Economic Future: A Conversation with T. Boone Pickens

T. Boone Pickens,

Founder & Chief Executive Officer, BP Capital

Stephanie Ruhle (Interviewer)

Anchor & Managing Editor, Bloomberg Television & Editor-at-Large, Bloomberg News

Notes from 2015 SALT Conference – Powering America’s Energy and Economic Future: A Conversation with T. Boone Pickens

Not doing the keystone pipeline is a short sighted view by president Obama

Why do we need it:

The pipeline will take several years to build and inventories will start to decline in the next 60 days

250B barrels of oil sitting in the oil sands


Washington does NOT understand the oil business

You can’t have a 5 minute discussion in Washington about oil because it will be over in 3 minutes because its all they know

OPEC sets the price for oil — it is NOT a free market for the price of oil

T. Boone Pickens on fuel competition

Need to bring in other types of fuel

All federal vehicles will operate on the cheapest fuel – how govt should handle fuel competition

Diesel and natural gas are the only things that can move an 18 wheeler

If you put them all on natural gas – you would cut 3m barrels a day out

DC Needs a PLAN on energy – they have NOTHING

Lost $150m in the wind business

T. Boone Pickens – One word answers:

Hillary Clinton – Loser

Obama – Loser

Putin – Stalin

Jeb Bush – Winner

Elizabeth Warren – struggles with telling the truth — she also thought she was a Cherokee Indian. Lied about where she graduated high school

She lied about graduation from Harvard Law, she really graduated from Rutgers Law

T. Boone Pickens on Warren Buffett, Elon Musk and Drake

Warren Buffett – Pretty successful guy, anybody that owns a railroad is pretty impressive

Elon Musk – Scratch my head on Elon, he is doing something, and believes he will get to the winners circle

The car works, but it is expensive

Drake – We tweet back in forth

Does not think about interest rates

An economist is a guy that doesn’t have enough personality to be a CPA

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