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When politicians and businesspeople get together to discuss energy policy, it's usually the politicians who talk like dreamers and the private-sector folks trying to inject a little cold, hard realism into the conversation.
Billionaire and clean-energy proponent T. Boone Pickens said that the U.S. should establish a federally funded loan program, or bank, to finance large-scale wind developments.
For years we've been hearing about the nation's crumbling and outdated electricity grid.
It's not often you hear a corporate executive advocate a tax on the product he sells, particularly not in the oil business, where opposition to gasoline taxes is fervent. But Paul Foster, the chairman and CEO of El Paso-based Western Refining, is (dare we use the word after the presidential campaign?) a maverick.
Billionaire oilman T. Boone Pickens is delaying his massive Texas wind project, citing a drop in natural gas prices and the tightening credit market.
Billionaire T. Boone Pickens says he doesn't know "where bottom is" regarding the U.S. economy, but he believes weaning America off foreign oil will create jobs and improve national security.
In an effort to cut costs, newspapers across the country have merged their sports and business sections, but even the most miserly publisher couldn't have predicted how the worlds of college sports and business would collide in Tuesday's edition of the Tulsa (Okla.) World.
Billionaire hedge fund manager T. Boone Pickens spoke about the beleaguered U.S. economy, a prospective bailout and natural gas Thursday, a day after reports that his energy-related hedge funds lost $1 billion this year.
While the political world held its breath awaiting the two presumptive presidential candidates' vice presidential picks, I slipped out of Washington and paid a visit to the real world.
It's an annual ritual on Wall Street - the fourth quarter IPO season, when a flurry of companies make their debut on the public markets before New Year's. But given today's volatile market, and the dismal performance this month of what seemed sure to be a no-brainer IPO in Rackspace, you have to wonder what kind of year-end bump we might get.
When politicians and businesspeople get together to discuss energy policy, it's usually the politicians who talk like dreamers and the private-sector folks trying to inject a little cold, hard realism into the conversation.
Billionaire and clean-energy proponent T. Boone Pickens said that the U.S. should establish a federally funded loan program, or bank, to finance large-scale wind developments.
For years we've been hearing about the nation's crumbling and outdated electricity grid.
It's not often you hear a corporate executive advocate a tax on the product he sells, particularly not in the oil business, where opposition to gasoline taxes is fervent. But Paul Foster, the chairman and CEO of El Paso-based Western Refining, is (dare we use the word after the presidential campaign?) a maverick.
Billionaire oilman T. Boone Pickens is delaying his massive Texas wind project, citing a drop in natural gas prices and the tightening credit market.
Billionaire T. Boone Pickens says he doesn't know "where bottom is" regarding the U.S. economy, but he believes weaning America off foreign oil will create jobs and improve national security.
In an effort to cut costs, newspapers across the country have merged their sports and business sections, but even the most miserly publisher couldn't have predicted how the worlds of college sports and business would collide in Tuesday's edition of the Tulsa (Okla.) World.
Billionaire hedge fund manager T. Boone Pickens spoke about the beleaguered U.S. economy, a prospective bailout and natural gas Thursday, a day after reports that his energy-related hedge funds lost $1 billion this year.
While the political world held its breath awaiting the two presumptive presidential candidates' vice presidential picks, I slipped out of Washington and paid a visit to the real world.
It's an annual ritual on Wall Street - the fourth quarter IPO season, when a flurry of companies make their debut on the public markets before New Year's. But given today's volatile market, and the dismal performance this month of what seemed sure to be a no-brainer IPO in Rackspace, you have to wonder what kind of year-end bump we might get.
"I think it's important for the American people to understand we're not going to drill our way out of this problem. It's also important to recognize if you start drilling now you won't see a drop of oil for ten years, which means it's not going to have a significant impact on short-term prices." - U.S. Senator Barack Obama, Aug. 8, 2008
High-profile personalities have been telling the nation to ditch that dirty fossil fuel and turn to renewable energy.
From Dallas, Texas to Dabancheng, China, energy companies are staking fortunes on harnessing wind power.
When Texas oilman, investor and sometime political player T. Boone Pickens talks, people listen.
Texas oilman T. Boone Pickens told Congress Tuesday that the government must act quickly to curb the nation's dependence on foreign oil.
Earlier this month, legendary entrepreneur and philanthropist T. Boone Pickens unveiled a new energy plan he says will decrease the United States' dependency on foreign oil by more than one-third and help shift American energy production toward renewable natural resources.
Billionaire oilman T. Boone Pickens is putting his clout behind renewable energy sources like wind power.
Texas oil man T. Boone Pickens Tuesday unveiled a new energy plan he says will decrease the United States' dependency on foreign oil by more than one-third and help shift American energy production toward renewable natural resources like wind power.
World energy use is expected to surge 50% from 2005 to 2030, largely due to an expanding population and rapid economic growth, according to a government report Wednesday.
Billionaire oilman T. Boone Pickens is sinking billions of dollars into a new wind farm in Texas. It is likely to become the biggest in the world, producing enough power for the equivalent of 1.3 million homes. CNN's Ali Velshi asked the oil legend why he thinks wind could be the answer to this country's energy problems:
Oil prices surged to a new record above $129 a barrel Tuesday amid continuing concern about global supply.
Okay, all of the ballots are in for this week's influential National Public Radio college football poll ... well, actually, I'm the only one with a ballot in the NPR poll; everybody else at NPR has more important things to attend to ... and here's the news: the voters have decided to call off the poll for 2007. Instead, the official NPR poll has decided that any team that wants to can declare itself the national college football champion this year.
Things are heating up at the Swamp. That's what they call their stadium down here in Gainesville, Fla. And the University of Florida Gators football team - defending national champs - hasn't lost a game on its home turf in more than two years.
A compendium of revealing stats
Do my eyes deceive me? Am I reading that President George W. Bush has joined with the Republican leadership to call for investigation of the oil companies in light of soaring oil and gas prices? Oil hit $75 a barrel recently and apparently transformed the Republicans into Democrats, Democrats of the Charles Schumer and Jean-Francois Kerry variety.
(FORTUNE Small Business) - Boone Pickens slips off his bright-orange necktie (he's a proud son of Oklahoma State; the football stadium in Stillwater bears his name), pops open a can of Dr Pepper, e...
The summer driving season hasn't kicked in yet and demand is already pushing prices at the pump toward new highs, with the average gas price at $2.21 a gallon, up 8 cents from two weeks ago. On top of that, crude oil hit a new record. While there might be differences in opinion on how high prices will go, experts agree that consumers shouldn't expect relief anytime soon.
Gasoline prices, reversing a two-month slide, are again approaching records and at least one expert thinks they could hit $3 a gallon soon in the United States.
Water, like air and your mother, is one of those things everybody takes for granted--until the well runs dry. That's what happened this year when a severe drought hit the Eastern seaboard and much ...
Nobody tells business stories better than Joe Nocera. So while it's been a big plus for me--and a great benefit for FORTUNE--to have Joe lay down his pen and serve as an executive editor for the pa...
The news that T. Boone Pickens will soon be leaving Mesa--the oil and gas company he founded some 40 years ago and launching pad for the hostile takeover attempts that made him famous--surely ranks...
Hey, Republicans! Still smarting from Dick Cheney's withdrawal from the 1996 presidential race? Get over it. A bevy of top business brass has already cast ballots elsewhere.
There at the end, in June 1986, even after he'd been arraigned on insider- trading charges and anybody but a moron could have seen it was all over, Dennis Levine was still telling one of his co-con...
A funny thing happened these past few years to the American corporation as it was well on its way to the global hegemony once divined for it by the French pundit Jean-Jacques Servan-Schreiber: It g...
Is T. Boone Pickens trying to greenmail the richest company in the world? Notably inactive in the U.S. lately, the corporate raider chose an unlikely overseas target when he secretly bought 20% of ...
I HAVE SOME VERY interesting questions for them this year, you can be sure,'' says gadfly Evelyn Y. Davis about one FORTUNE 500 company whose annual stockholder meeting she plans to attend. Even if...
COMPETITION/ COVER STORY 42 TREMORS FROM THE COMPUTER QUAKE At age 40 the computer industry is undergoing a mid- life crisis brought on by two developments: the accelerating power of desktop microc...
In his autobiography, Boone, corporate raider T. Boone Pickens, 60, recalls that even when his aunt Ethel was his teacher in the fifth grade, he did not get an A. Judging from his imbroglio with th...
George Roche, 47, is not a native of Baltimore, but he has begun to feel at home after living there for 20 years. He sails Chesapeake Bay and cheers on the Orioles. As portfolio manager of T. Rowe ...
Raise the dividend and batten down the boardroom! Alan ''Ace'' Greenberg, CEO of Bear Stearns; Sam Heyman, CEO of GAF Corp.; Carl Icahn; and T. Boone Pickens are all swimming together. But wait a m...
Advisers often urge people to put 5% to 10% of their portfolios into gold or gold-mining stocks as a hedge against inflation. While this is sound advice, in the short run gold and mining shares are...
ANXIETY WAS RIFE. The Soviet Union had just invaded Afghanistan, the Ayatollah Khomeini was consolidating control in Iran, and U.S. inflation was in double digits. It was January 1980 and the price...
AFTER YEARS of oversupply, industrial raw materials have perked up in price with the acceleration of factory production in the U.S. Many farm commodities have also become costlier. All of which sug...
When raider T. Boone Pickens buys, Wall Street follows. In late July Boeing disclosed that Pickens's Mesa Limited Partnership had acquired a small stake in the company and was seeking government pe...
LEE IACOCCA, 62, chairman and chief executive of Chrysler, on his company's selling as new those cars damaged during testing: ''The decision went beyond dumb and reached all the way out to stupid.'...
A federal judge dismissed a suit filed by the FMC Corp. charging that Ivan Boesky and three other traders had cost the Chicago-based company more than $225 million because of insider trading. The j...
Jerks, investment bankers and raiders call them, before descending to profanity. Clowns. They're talking about the managers of some of America's biggest corporations, and the talk more often than n...
If you've been hankering to get in on the action in Hollywood, there are plenty of dealmakers ready to rake in your antes. In the past nine months Ron Howard, Dick Clark, Dino De Laurentiis and Aar...
LOOKING AHEAD/ Cover Story Executive Guilt: Who' s Taking Care of the Children? 30 Worries about kids raised by nannies or day care centers are being aired from corporate boardrooms to Congress. by...
FEARED by much of corporate America, T. Boone Pickens, 58, hates to be called a ''raider.'' Yet because of Pickens (left, at the 2B, his Texas ranch), Big Oil will never again be quite the same, an...
Trying to gird against risk without forgoing big gains is like trying to do the impossible. Stanford Rothschild, 60, president of Baltimore's Rothschild Co., which manages $900 million for corporat...
T. BOONE PICKENS, 58, on how his newly founded lobbying group, United Shareholders Association, will operate: ''We will call attention to specific examples of management entrenchment and shareholde...
CHIEF EXECUTIVES on lobbying missions are almost as common as tourists on Capitol Hill. Effective ones are a lot rarer. Here is a list of the best of the bunch, based on interviews with dozens of l...
Texas oilman T. Boone Pickens has been a major force in restructuring the oil and gas industry. But in his most spectacular takeover attempts -- against Cities Service, Gulf, Phillips Petroleum, an...
HOSTILE TAKEOVERS were as hot a topic in Washington as on Wall Street last year. But for all the talk, no laws were passed and no new rules went into effect. This year the Federal Reserve Board, th...
Even if a proposed new rule by the Federal Reserve were already in effect, the Fed wouldn't be able to lay a glove on General Electric's purchase of RCA for $6.28 billion in cash. But after New Yea...
RUN DOWN THE LIST of the big-time corporate raiders and you might conclude that they're sated or preoccupied. Carl Icahn has just stepped into the pilot's seat at TWA after winning a four-month dog...
Having run out of takeover targets, T. Boone Pickens showed he could make dramatic moves without them. This time Pickens turned his sights on his own Mesa Petroleum and offered to transform the com...
SPECIAL REPORT Time to Quit 18 South Africa? A U.S. pullout would wound, not kill, the economy, leaving bargains for local companies. by John Nielsen An interview with 21 Harry Oppenheimer Don't Lo...
BLEND THE ATTRIBUTES of a corporation and a limited partnership and what do you come up with? A master limited partnership (MLP), one of the hottest hybrids blossoming in the oil patch. While T. Bo...
While the takeover game hasn't abated, the defense seems to be scoring lately as often as the attacker. First Revlon announced a plan to buy up to 26% of its stock in exchange for notes and preferr...
THOUGH HARDLY in the Boone Pickens league, Natalie I. Koether, 45, head of Shamrock Associates of Far Hills, New Jersey, is fast gaining a reputation as a greenmailer. Like the wily Texan, she and ...
Even when T. Boone Pickens loses, he seems to win. After a Delaware court ruled Unocal could exclude him from a buyback offer to shareholders, waylaying Pickens's last ambush, the word on Wall Stre...
HOSTILE TAKEOVERS, always a subject of high contention, have become one of the hottest issues in Washington, on Wall Street, and in boardrooms across the U.S. Corporate chieftains, lawyers, investm...
The calm that had descended on the merger-prone oil industry was deceptive: T. Boone Pickens Jr., the chairman of Mesa Petroleum who had made the first pass at Gulf Oil, seemed to be preparing anot...
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