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" Far too many executives have become more concerned with the 'four P's' - pay, perks, power and prestige - rather than making profits for shareholders. "
T. Boone Pickens
Four
Far
Become
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" I'm a Republican. I don't want to go to heaven and have to face my family up there and tell them I voted for a Democrat. "
T. Boone Pickens
Republican
Family
Want
" I fracked over 3,000 wells in my life and never had a problem with an aquifer. "
T. Boone Pickens
Had
Problem
Life
" There's no question that tar sands in Canada are probably the largest source of oil available to the U.S. over a long period of time. There's as much oil in the tar sands probably as there is in Saudi Arabia. The problem is, there's a huge capital requirement to develop that. "
T. Boone Pickens
Long
Time
Problem
" There is no free market for oil. "
T. Boone Pickens
Oil
Market
Free Market
" You want to compete, and you want to compete at the highest level. "
T. Boone Pickens
Want
You
Compete
" I never did anything dishonest. "
T. Boone Pickens
Anything
Never
Dishonest
" I was very fortunate in my gene mix. The gambling instincts I inherited from my father were matched by my mother's gift for analysis. "
T. Boone Pickens
Mother
Analysis
Gift
" I say, you work eight hours, and you sleep eight hours - be sure they're not the same eight hours. "
T. Boone Pickens
Work
Sleep
Say
" You give the money where you want it. "
T. Boone Pickens
Money
You
Where
" 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
Myself
Computer
Market
" I don't like stock buybacks. I think if a company has the money to buy their stock back, then they should take that and increase the dividends. Send it back to the stockholder. Let them invest their money again from the dividends. "
T. Boone Pickens
Like
Money
Think
" To me, emails are a little bit frustrating. I think that the telephone is much preferred because you get the sound of the voice and the interest and everything else you can't see in an email. "
T. Boone Pickens
See
You
Voice
" Fundamentals make the market. "
T. Boone Pickens
Market
Fundamentals
Make
" Work eight hours and sleep eight hours and make sure that they are not the same hours. "
T. Boone Pickens
Sure
Work
Eight
" 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
Believe
You
Oil
" It's important to understand that oil and renewables do different things. Wind and solar are for power generation, so they don't replace oil. About 70% of all oil produced is used for transportation fuel. Renewables are good projects, but they don't get us off of foreign oil. "
T. Boone Pickens
Good
Important
Power
" If you don't have a refinery operating, it's hard to use oil that's available. "
T. Boone Pickens
Use
Refinery
You
" Natural gas is a better transportation fuel than gasoline, so if that's the case, it's cheaper, it's cleaner and it's a domestic resource. "
T. Boone Pickens
Transportation
Environmental
Better
" I don't believe in a price on carbon, because the government is going to control it and they're going to fail. "
T. Boone Pickens
Price
Believe
Control
" You can't invest in natural gas on a daily basis. It's too volatile. But if you think of natural gas as a long-term holding, then you push your profit horizon out. A long-term time horizon would be at least two years. "
T. Boone Pickens
You
Time
Think
" Chief executives, who themselves own few shares of their companies, have no more feeling for the average stockholder than they do for baboons in Africa. "
T. Boone Pickens
Average
Feeling
Africa
" I think I have more patience now than I did in the past. "
T. Boone Pickens
More
Patience
Than
" On a scale from 1-10, my ambition is probably 11 or 12. "
T. Boone Pickens
Scale
Ambition
" I always saw myself as a large stockholder trying to make a difference. I wasn't raiding anybody. "
T. Boone Pickens
Myself
Trying
Large
" I'm amused when Congress tries to place the blame on somebody but never themselves. I've never heard any of them ever say, 'I've made a mistake.' I do. I say I called it wrong. But they just try to find somebody to blame. "
T. Boone Pickens
Try
Mistake
Place
" I have always believed that it's important to show a new look periodically. Predictability can lead to failure. "
T. Boone Pickens
Failure
Look
New
" I don't go cheap on anything, but I'm not a shopper. If I want something, I look at it, decide what it is, but it will usually be the best product. I've got a pair of loafers that I still wear that I got in 1957. "
T. Boone Pickens
Cheap
Best
Will
" I don't need any more money. "
T. Boone Pickens
Any
Need
More
" 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
Look
Market
You
" Try everything. Do everything. Nuclear. Biomass. Coal. Solar. You name it. I support them all. "
T. Boone Pickens
Support
You
Try