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A proposal to use more US natural gas instead of foreign oil is making "great strides" and will likely be passed by Congress by year-end, T. Boone Pickens, founder and CEO of BP Capital told CNBC.
The US would be making a monumental mistake if it does not begin to utilize one of its most prevalent energy resources, natural gas, oil tycoon Boone Pickens, told CNBC Thursday.
On Mad Money, that is. Cramer talks up the tycoon about his favorite topic: natural gas.
Boone Pickens spent much of the last two years, and $62 million of his fortune, on an advertising and public relations offensive in which he tried to persuade Americans to embrace his Pickens plan. It called for a vast expansion of wind energy to displace natural gas, freeing the natural gas for use in vehicles, thus displacing foreign oil.
Texas billionaire T. Boone Pickens has made headlines with his clean energy plan for America. But what you haven't heard is the 81-year-old's plan to stay mentally and physically fit. Neuroscientists who have studied his brain say it appears to function like someone half his age.
BP Capital Management Founder and Chairman T. Boone Pickens said he continues to expect oil prices will spike when the global economy picks up and spurs greater demand for oil.
Texas oil billionaire T. Boone Pickens said on Wednesday said he has delayed his plans to build the world's largest wind farm in the Texas Panhandle, due to financing problems.
Plans for the world's largest wind farm in the Texas Panhandle have been scrapped, energy baron T. Boone Pickens said Tuesday, and he's looking for a home for 687 giant wind turbines.
Oil prices are likely to hit $75 a barrel this year, and rise further next year, T. Boone Pickens, founder and Chairman of BP Capital Management, told CNBC Tuesday.
Migrating toward natural gas for fuel rather than oil will shake off the US dependency on foreign oil, strengthening its security, T. Boone Pickens, founder and chairman of BP Capital Management, told CNBC Tuesday.
Energy prices were mixed on Monday … crude oil futures in New York and London plunged, then surged and then plunged again as the market (present company included) traced into a vicious whipsaw, writes Stephen Schork.
Oil tycoon Boone Pickens forecasted that the price of oil would rise to $75 a barrel by the end of the year as the economy starts its recovery.
Billionaire energy investor Boone Pickens says the government is now behind at least half of the energy-reform plan he advanced last summer to reduce America's dependence on foreign oil.
The newly-passed stimulus plan has its critics, but energy investor Boone Pickens is not among them. He has big stakes in several of the plan's energy initiatives.
Boone Pickens says his company is "out of the market, and have been for several weeks," after his company was slammed by the credit crunch, shrinking by about 60 percent so far this year. Meanwhile, Mexico's Carlos Slim, the world's second richest man, comments on the economy. Following are today's top videos:
He's been knocked down before, he intends to recover again, but for now, Boone Pickens is out of the market. The oil industry legend's BP Capital has been slammed by the credit crunch, shrinking by about 60 percent so far this year. That's a drop of some $2 billion since it peaked in late June.
Plus, Cramer makes the call on the Pickens Plan and Monroe Muffler.
Earlier this week, I wrote that Oklahoma State could be the team/school that is most affected by the economy. This is because the school's biggest booster Boone Pickens is the biggest booster in the college sports world.
The legendary oilman shares his strategies on how to get America off its foreign oil addiction.