Profound Shift in Global Oil Markets
Demand for oil is no longer the dominant factor in the worldwide oil market. According to energy analyst and Pulitzer Prize winner Daniel Yergin, “… the surge in U.S. oil production, bolstered by additional new supply from Canada, is decisive.” Writing in The Wall Street Journal, Yergin notes that Thursday’s decision by OPEC to maintain current production follows on Continue Reading
OPEC Votes Not to Cut Oil Production
Big news out of Vienna yesterday as the Organization of Petroleum Exporting Countries voted to maintain production of 30 million barrels of oil a day. Many had expected a cut in production to offset the effect of falling prices, which have dropped more than 30 percent since July. “We will produce 30 million barrels a day Continue Reading
Statement from T. Boone Pickens on U.S. Senate’s failure to act on Keystone Pipeline
I was disappointed to learn that the U.S. Senate once again has put politics ahead of America’s energy security by blocking the bill to build the Keystone XL Pipeline. We know that oil prices are cyclical and as surely as Spring follows Winter prices will begin to climb again. We also know that this oil Continue Reading
Iraq…here we go again.
Here we go again. President Obama has just ordered thousands of more troops into Iraq to help fight ISIS. Our dependence on OPEC oil helps fuel terrorism. We’ve made significant strides in reducing our OPEC oil dependence, but we have a long way to go. Why? Because we needlessly continue to import over 3 million Continue Reading
Join me in thanking our veterans
Today, and every day of the year, join me in thanking our nation’s veterans. Watch this short video to hear why I believe we should do everything we can to support the men and women who have demonstrated honor, bravery, and sacrifice in defending liberty. Continue Reading
Russia Expands Energy Ties to China
Faced with a currency crisis, international censure, and falling oil prices, the Russian bear pulled a rabbit out of the hat when the state oil company, Gazprom, signed its second major deal with China. Chinese customers are a welcome relief. The Russian economy and its energy giants have been swooning under the pressure of low Continue Reading
A False Sense of Energy Security
The following article by T. Boone Pickens ran at Politico.com on November 6, 2014. I’ve been on both sides of a lot of oil and gas price swings. Every time, the first question people always ask is who wins and who loses. The immediate answer is easy. When prices rise, consumers pay more, while the Continue Reading
Post-Election Energy Observations
T. Boone Pickens shared his post-election energy observations this morning on Bloomberg Television’s Market Makers. Continue Reading
Vote to Secure America's Energy Future on Tuesday
Tuesday is Election Day. You need to go vote. But, between now and then, send an email to the candidate of your choice and tell them you want to vote for them, you are going to vote for them, but you want them to know that you are counting on them to help secure America’s Continue Reading
Washington Ideas Forum 2014
Watch T. Boone Pickens’ interview with James Fallows yesterday at the Washington Ideas Forum hosted by The Aspen Institute and The Atlantic. Continue Reading