Karl Rove and T. Boone Pickens talk political strategy and history

This week’s Pickens Podcast is among the most enjoyable we’ve ever done. That’s what happens when you spend time with old friends, and I’ve known Karl Rove going back to the 1980s.

Whether you agree with his politics or not, he is one of the best strategic political thinkers in modern times. But, what you might not know is he is establishing himself as a recognized historian of the American Presidency as a whole and on the Presidency of William McKinley in particular.

We talk about the history of political conventions, the impact of energy issues on this year’s campaign, and his book, “The Triumph of William McKinley.” He tells some good stories.

Watch the video or download the podcast on AudioBoom or iTunes. After you've listened, send your thoughts via Twitter to @BoonePickens.

I think you’ll enjoy this one very much.

-- Boone


Feb 1 2016

Boone on CNBC’s Squawk Box: Oil already bottomed, here’s what’s next

Feb 1, 2016

By Matthew J. Belvedere

Oilman Boone Pickens said Monday U.S. crude hit bottom at just above $26 per barrel, and based on history, prices should double within 12 months.

Pickens predicted on CNBC’s “Squawk Box” that oil prices will rise to at least $52 per barrel by the end of the year, though he reiterated his admission that he got last year’s call wrong when he thought prices would strongly rebound.

Whether it’s $50 or $70 by the end of 2016 will largely be determined by the global economy, he added.

West Texas Intermediate crude, the U.S. benchmark, was under pressure again Monday — losing around 3 percent mid-morning and trading below $33 per barrel.

“We’re still building inventories, and we will for the next several months. And then we’ll start to draw,” Pickens said. “Once you start to draw, you’re not going to start back building again. The draw will come here in the next few months. It’ll become pretty clear.”

“We’re [only] on 1 million to 1.5 million [barrels per day] oversupplied in the market,” he added, pointing to the glut in the mid-1980s that he said was 15 million barrels per day oversupplied.

In a CNBC commentary in October, Pickens conceded his prediction for $70 oil by the end of 2015 wasn’t going to happen, because worldwide demand did not go up as much as he thought and supply did not markedly go down.

On the final trading day of last year, WTI settled at around $37 per barrel.

As crude accelerated to the downside in 2016, Pickens told CNBC’s “Mad Money” on Jan. 6 that oil was close to its floor, and predicted $70 to $75 prices by year end. The low for the year on WTI was $26.55 per barrel on Jan. 20.

With more than a half century in the oil and gas business, Pickens spent most of his career building Mesa Petroleum into a powerhouse. After selling Mesa in 1996, he founded BP Capital Management, an investment firm focusing on the energy industry.

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Jan 13 2016

Help me get the White House focused on energy issues today

Jan 13, 2016


President Barack Obama’s final State of the Union address has been delivered. It was woefully short, as I expected it would be, on energy policy. Today, we have an opportunity to help focus the White House’s attention.

From 2 to 3 pm Eastern time on Wednesday, January 13, submit your questions on Energy to Administration officials by posting on Facebook, Twitter, Instagram and Tumblr using the hashtag #BigBlockOfCheeseDay. Ask them what the President’s plan is for showing leadership on energy issues during his final year in office.

Let’s get into the game and show that energy policy is more than a throw away line in a speech. It’s the basis of our economic future.

– Boone

P.S. Click here for more information about today’s social media Q&A session with the White House.

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