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.
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Other Quotes by "T. Boone Pickens"

If somebody I don't like gets in the crosshairs, I pull the trigger. But I don't hunt for them.
Tags: pull, them, somebody, like
It has become cheaper to look for oil on the floor of the New York Stock Exchange than in the ground.
Tags: than, oil, new, look
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.
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If you don't have a refinery operating, it's hard to use oil that's available.
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I have always believed that it's important to show a new look periodically. Predictability can lead to failure.
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