SubscribeAll Posts Tagged With: "T. Boone Pickens"
The Infrastructure & Energy Sectors: The 2 Best Places to Put Your Money
As a degreed electrical engineer, I’ve always been fascinated with energy and infrastructure. Watching a huge bridge being built over a river, a tunnel being bored through a mountain, or an offshore oil rig drilling tens of thousands of feet down gets my heart pumping.
Projects like those truly are a testament to the ingenuity of man, and they’re necessities in any country with a growing economy. Right now, however, dwindling fossil fuels and crumbling infrastructure here – and the lack of it elsewhere – are huge problems in need of solutions.
Massive amounts of capital will be required to solve them…
10Sep2008 | Investment U | Comments Off | ContinuedThe T. Boone Pickens Way: How To Supercharge Your Portfolio
While many billionaires are enjoying retirement on a super-sized yacht in the Caribbean, T. Boone Pickens is doubling down at the age of 80. Over the last three decades, investors who have followed his lead have made millions.
Pickens doesn’t work because he wants to move up the Forbes’ list of billionaires. Since last year, he’s given away over $200 million to his favorite charities. Instead, Pickens is a man on a mission and with a simple message: Ditch foreign oil and rebuild America’s domestic energy industry for a green and happy future.
Educated as a geologist, in 1951 T. Boone Pickens…
14Aug2008 | Investment U | Comments Off | ContinuedWind Power: Pickens Lobbies, While China Acts
Wind power should account for 20% of U.S. energy needs within a decade – compared with virtually nothing now – as the country’s energy needs are increasingly taken care of by sources of alternative energy, former Texas oilman-turned-wind-power-entrepreneur T. Boone Pickens told Congress last week.
Speaking before the Senate Homeland Security and Government Affairs Committee, the legendary investor warned that crude oil prices could rocket past the $300 a barrel level within the next 10 years as global reserves decline.
Pickens also was there to lobby for the construction of energy transmission lines from his Texas-based wind power Pampa Project, currently under construction,…
28Jul2008 | Money Morning | Comments Off | ContinuedInflation is Winning
Today, we turn to our war correspondents for dispatches from the front lines, and we find an important insight:
“Learn to live with inflation,” begins the headline in the Financial Times.
The FT refers to England’s central banker, Mervyn King, who says inflation – already running hotter than at any time in 10 years – is going to heat up even more.
In America, the news is not so different. “Globalized Inflation,” is a headline in the Wall Street Journal, finally catching on. Input prices are running up at nearly twice the rate of the official CPI figure. Prices for goods imported from…
20Jun2008 | Daily Reckoning | Comments Off | ContinuedFormer Oilman T. Boone Pickens Makes a $2 Billion Bet on Alternative Wind Energy
T. Boone Pickens made his fortune in oil. But now the Dallas oilman and famed former corporate raider is betting $2 billion that he can have the same success with a new source of energy – wind.
Pickens’ Mesa Power LLP yesterday (Thursday) unveiled the first phase of an eventual $10 billion alternative energy project that has the potential to become the world’s largest wind farm.
“You find an oilfield, it peaks and starts declining, and you’ve got to find another one to replace it,” Pickens, who once operated one of the largest independent oil-and-gas production companies in the country, said of…
16May2008 | Money Morning | Comments Off | Continued
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