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CNBC Excerpts: T. Boone Pickens, BP Capital Management Founder, Speaks with CNBC's "Squawk Box" Today

Wednesday, 9 Oct 2013 | 11:01 AM ET

WHEN: TODAY, WEDNESDAY, OCTOBER 9TH

WHERE: CNBC'S "SQUAWK BOX"

Following are excerpts from the unofficial transcript of a CNBC interview with BP Capital Management Founder T. Boone Pickens on CNBC's "Squawk Box" today. Following is a link to the interview on CNBC.com: http://video.cnbc.com/gallery/?video=3000205135.

All references must be sourced to CNBC.

PICKENS ON THE WORST BUSINESS

In 1990 I almost got into politics. I was going to run for governor of Texas. And thank God I never got into politics. That is the worst business that you can possibly get involved in. I believe. It would drive me crazy if I was there and I couldn't make anything happen.

PICKENS ON OPEC

You give yourself an option. If you wanted to pull A fifth fleet out of the Persian Gulf and you take people at risk out of there. The whole thing to me is an option that we should focus on. All you have to do is put together the North American energy alliance or, Joe, put the 8 million trucks on natural gas and that knocks out 75 percent of OPEC.

PICKENS ON HIS BILLIONS

No, I'm not broke. I can give it to you real quick. I hit four billion. After I was 70, I hit four billion. I gave away one. I had one left. And I lost two. So that is what happened to the four.

PICKENS ON NEGOTIATING IN WASHINGTON

You can't expect a person that has never negotiated to feel comfortable negotiating for the first time. I mean you're talking about a president who has no history, no record of negotiating. And you're talking to Eisner, Michael Eisner, well he negotiates a lot of things all the time in business, just like I do. But here you've got a guy that's never been to the negotiating table and he doesn't want to go. That is the way I see the thing sorting out.

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