T. Boone Pickens weighs in this morning on the future of crude oil prices. Anyone shocked that Pickens – accurately described in the article as an oil investor – attributes the run-up to supply and demand?
Now, if you’ll excuse me, I have to write the following sentence on the Eagle newsroom blackboard 100 times, “I will not badmouth the electronic media for lazy oil price reporting.”
In the spirit of full disclosure, it should be pointed out here that Pickens is, shall we say, an avid financial supporter of Oklahoma State University. Your friendly writer here is not, shall we say, an avid supporter of anything remotely related to Oklahoma State University. To quote Forrest Gump, “And that’s all I’ve got to say about that.”
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Don’t forget another corporate raider, Carl Icahn “raided” TWA airlines, a company that had strong roots, if not its birth, in Kansas … an amazing basically unknown story. Perhaps with a toss of the coin in 1932, Wichita, the Air Capitol, could have been the corporate headquarters of TWA.
But in any event, thanks to Carl Icahn’s inept management of TWA, it is no more.
Why do I worry that T. Boone Pickens “management” might do the same to development of wind power.
It pleases me that our sanitary sewer water is send down river to Oklahoma. However,it displeases me that we receive dirty air back up from Oklahoma.
I was at Gulf Oil when Pickens launched his raid – and have no ill feelings toward him as a result. Gulf became a target because of lousy management AT GULF – not because of Pickens.
If a company is well-managed that will be reflected in its stock price. That is the best defense against a “hostile takeover”
I hope Pickens builds wind turbines all up and down the Great Plains – the “Saudi Arabia of Wind”