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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.

T. Boone Pickens

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T. Boone Pickens
Age: 91 †
Born: 1928
Born: May 22
Died: 2019
Died: September 11
Entrepreneur
Financier
Rancher
Holdenville
Oklahoma
Thomas Boone Pickens
Jr.
Commodity
Market
Works
Look
Looks
Need
Needs
Speculators
Commodities

More quotes by T. Boone Pickens

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Money is to be respected one of the worst things you can do is handle another person's money without respect for how hard it was to earn.
T. Boone Pickens
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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.
T. Boone Pickens
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When you are hunting elephants, don't get distracted chasing rabbits.
T. Boone Pickens
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Work eight hours and sleep eight hours, and make sure that they are not the same eight hours.
T. Boone Pickens
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Keep things informal. Talking is the natural way to do business. Writing is great for keeping records and putting down details, but talk generates ideas. Great things come from out luncheon meetings which consist of a sandwich, a cup of soup, and a good idea or two. No martinis.
T. Boone Pickens
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Try everything. Do everything. Nuclear. Biomass. Coal. Solar. You name it. I support them all.
T. Boone Pickens
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Never Googled myself. I use a computer for market quotes and news, but I've never Googled myself. But I have visited their headquarters.
T. Boone Pickens
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Natural gas is the best transportation fuel. It's better than gasoline or diesel. It's cleaner, it's cheaper, and it's domestic. Natural gas is 97 percent domestic fuel, North America.
T. Boone Pickens
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A plan without action is not a plan. It's a speech.
T. Boone Pickens
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Be willing to make decisions. That's the most important quality in a good leader. Don't fall victim to what I call the 'ready-aim-aim-aim-aim syndrome'. You must be willing to fire.
T. Boone Pickens
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I don't need any more money.
T. Boone Pickens
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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.
T. Boone Pickens
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I don't go looking for somewhere to spend my money. You can step on a tube of toothpaste for a week, if you have to. I spend what I need to and give it away.
T. Boone Pickens
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I've got an opinion on everything. Sure, you ought to do OCS, you ought to do renewables, you ought to do biofuels, you ought to do ethanol, all of them. Those are ours and we've got to get off the dependency on the foreign oil.
T. Boone Pickens
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In the history of America, we've never had an energy plan. We don't even realize the resources that we have available to us.
T. Boone Pickens
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For decades, our dependence on OPEC oil has dictated our national security decisions and tied us up in the Middle East at an incredible price. We've spent more than $5 trillion and thousands of American soldiers have died securing Middle East oil.
T. Boone Pickens
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Given the current state of our finances, we could sure use a quarter of a trillion dollars a year recycling through the U.S. economy rather than through the economies of Iran, Russia, and Venezuela.
T. Boone Pickens
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I fracked over 3,000 wells in my life and never had a problem with an aquifer.
T. Boone Pickens
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I've always believed that it's important to show a new look periodically. Predictability can lead to failure.
T. Boone Pickens
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A Fool with a Plan is better off than a Genius without a Plan!
T. Boone Pickens