Pickens on Iraq
Boone Pickens participates in his favorite weekend activity. (Photo courtesy of BoonePickens.com)
Boone Pickens never ducks a question. And Pickens, who has launched an all-out effort to promote wind energy and natural gas as primary energy sources, has been talking to the media a lot in recent days.
In a recent interview with The Hill, a Washington, D.C., publication that focuses on politics, Pickens provided some good copy. After noting that he intends to spend $58 million this year to promote his energy plan, Pickens gives some thoughts on Iraq.
We should never leave Iraq without a call on that oil. It should be made available to us at market price. I mean, we’ve earned that by the trillion dollars or whatever it is we’ve spent plus the fact that we lost 4,000 people.
And we should have a call on it. Did we go there for it? Hell, no, we didn’t go there for it. … This came up the other day. They said, “How would you suppose we do that?” I said, “When they push one of those documents in front on me and say, ‘We need another $100 million,’ ” I’d say, “Here’s one for you to sign.” That’s the way I’d go. Every time I sign one for them, I’d get somebody else to sign one that says we get a call on the oil. At market price, so they don’t lose any money.
Pickens also discounts speculation as a primary cause of surging oil prices. It’s simply supply and demand, he said.
Doesn’t have anything to do with it. You have 85 million barrels of oil available in the world, and demand is at 86.4. I don’t think that guy over in China paying $140 for oil is blaming Wall Street speculators for what’s happened to him.
Everybody tries to place the blame. And the blame is our own lack of leadership over the last 40 years on energy.
Don Mecoy
Business Writer
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