T. Boone Pickens of BP Capital explains why he believes the government should green-light overseas sales of the nation's natural energy resource instead of keeping it here to drive down costs.» Read More
Texas oil billionaire T. Boone Pickens said on Thursday crude prices may soon fall as low as $110 a barrel amid falling gasoline demand, but should not sink below $100 because the United States depends heavily on oil imports.
There is a new breed of funds moving into the clean technology sector – specialized hedge funds that have at least $750 million under management. And they bring a new play – long and short – on the notoriously volatile sector.
Oil tycoon T. Boone Pickens is building a million-person "army" that he says will pressure the nation's leaders to adopt a more responsible energy policy.
Natural gas has many virutes, but recent proposals to encourage demand could boost prices for consumers and petroleum-dependent industries.
You got to admire the American ‘Can-Do’ spirit, which is on full throttle display since we have awoken to energy predicament. Oil sheiks got over us a barrel? Not for long! Definitely not when we really put our collective Yank minds to the problem – as we are finally beginning to do.
Sure the company and its nemesis, Carl Icahn, have joined forces so that bitter proxy contest could be eliminated. But that doesn't mean they've pushed their differences aside, or that general shareholder bitterness doesn't remain.
Yahoo has a lot of persuading to do Friday. At its annual meeting, Yahoo will have to show frustrated shareholders how it plans to move forward in the wake of dead-end buyout talks Microsoft. This against the background of Carl Icahn on its board and the sale of T. Boone Pickens Yahoo stake ahead of the meeting.
As T. Boone Pickens in the Wall Street Journal described his master plan for solving an aspect of the US energy crisis: dependence on foreign oil. At its core, this solution was really only a swap of foreign energy sources from oil to natural gas.
Oilman T. Boone Pickens says he's pushing his alternative energy proposal to Congress not because he wants to make money through his own businesses, but because he knows how to solve the nation's energy problem.
Texas extended its already formidable national lead in wind power by clearing the way Thursday for a major expansion of the state's electrical power transmission network, valued at nearly $5 billion, a move that will triple its current wind power capacity.
Boone Pickens’ plan to massively expand wind production to free up more natural gas for vehicles is an audacious suggestion but it faces a key challenge rooted in natural gas’ virtue as a clean and versatile fuel for utilities to generate electricity.
Prices are not driven by speculation and the short-term target is still $150 a barrel, Boone Pickens told CNBC. But they could dip to $100 over 2 years.
Even with erratic federal and state subsidies, wind capacity in the US has blossomed since 2000, and there is now enough to serve 5 million homes. The Energy Dept. estimates wind could fulfill 20 percent of our electricity needs by 2020 if the right infrastructure is put in place.
World crude oil production has topped out at 85 million barrels per day even as demand keeps climbing, helping to drive a stunning surge in prices, billionaire oil investor T. Boone Pickens said on Tuesday.
Small investors might soon be able to take part in the surging growth of US wind power, as the industry reaches a scale that will increasingly require tapping public capital markets to continue its explosive growth.
Bears had upper hand Tuesday, as oil hit new highs, not backing down; dollar rally evaporating; inflation trends clearer (core PPI stronger than expected).
When Boone Pickens speaks, we know the oil market listens. But we were very interested to see that Birinyi Associates were listening as well when Pickens was interviewed by Becky Quick on "Squawk Box" today.
You should, too. Cramer offers his top picks for the sector.
Crude oil prices are still headed upward and could top $125 a barrel in the near-term, oil investor T. Boone Pickens said on Thursday.
Legendary oilman Boone Pickens said Thursday he is shorting both the oil and natural gas markets in the belief prices will stage a short-term pullback.