The First Billion Is the Hardest - Reflections on a Life of Comebacks and America's Energy Future-logo

The First Billion Is the Hardest - Reflections on a Life of Comebacks and America's Energy Future

T. Boone Pickens

With a Plan for Reducing U.S. Oil Dependency It's never too late to top your personal best. Now eighty years old, T. Boone Pickens is a legendary figure in the business world. Known as the "Oracle of Oil" because of his uncanny ability to predict the direction of fuel prices, he built Mesa Petroleum, one of the largest independent oil companies in the United States, from a $2,500 investment. In the 1980s, Pickens became a household name when he executed a series of unsolicited buyout bids for undervalued oil companies, in the process reinventing the notion of shareholders' rights. Even his failures were successful in that they forced risk-averse managers to reconsider the way they did business. When Pickens left Mesa at age sixty-eight after a spectacular downward spiral in the company's profits, many counted him out. Indeed, what followed for him was a painful divorce, clinical depression, a temporary inability to predict the movement of energy prices, and the loss of 90 percent of his investing capital. But Pickens was far from out. From that personal and professional nadir, Pickens staged one of the most impressive comebacks in the industry, turning his investment fund's remaining $3 million into $8 billion in profit in just a few years. That made him, at age seventy-seven, the world's second-highest-paid hedge fund manager. But he wasn't done yet. Today, Pickens is making some of the world's most colossal energy bets. If he has his way, most of America's cars will eventually run on natural gas, and vast swaths of the nation's prairie land will become places where wind can be harnessed for power generation. Currently no less bold than he was decades ago when he single-handedly transformed America's oil industry, Pickens is staking billions on the conviction that he knows what's coming. In this book, he spells out that future in detail, not only presenting a comprehensive plan for American energy independence but also providing a fascinating glimpse into key resources such as water—yet another area where he

With a Plan for Reducing U.S. Oil Dependency It's never too late to top your personal best. Now eighty years old, T. Boone Pickens is a legendary figure in the business world. Known as the "Oracle of Oil" because of his uncanny ability to predict the direction of fuel prices, he built Mesa Petroleum, one of the largest independent oil companies in the United States, from a $2,500 investment. In the 1980s, Pickens became a household name when he executed a series of unsolicited buyout bids for undervalued oil companies, in the process reinventing the notion of shareholders' rights. Even his failures were successful in that they forced risk-averse managers to reconsider the way they did business. When Pickens left Mesa at age sixty-eight after a spectacular downward spiral in the company's profits, many counted him out. Indeed, what followed for him was a painful divorce, clinical depression, a temporary inability to predict the movement of energy prices, and the loss of 90 percent of his investing capital. But Pickens was far from out. From that personal and professional nadir, Pickens staged one of the most impressive comebacks in the industry, turning his investment fund's remaining $3 million into $8 billion in profit in just a few years. That made him, at age seventy-seven, the world's second-highest-paid hedge fund manager. But he wasn't done yet. Today, Pickens is making some of the world's most colossal energy bets. If he has his way, most of America's cars will eventually run on natural gas, and vast swaths of the nation's prairie land will become places where wind can be harnessed for power generation. Currently no less bold than he was decades ago when he single-handedly transformed America's oil industry, Pickens is staking billions on the conviction that he knows what's coming. In this book, he spells out that future in detail, not only presenting a comprehensive plan for American energy independence but also providing a fascinating glimpse into key resources such as water—yet another area where he
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With a Plan for Reducing U.S. Oil Dependency It's never too late to top your personal best. Now eighty years old, T. Boone Pickens is a legendary figure in the business world. Known as the "Oracle of Oil" because of his uncanny ability to predict the direction of fuel prices, he built Mesa Petroleum, one of the largest independent oil companies in the United States, from a $2,500 investment. In the 1980s, Pickens became a household name when he executed a series of unsolicited buyout bids for undervalued oil companies, in the process reinventing the notion of shareholders' rights. Even his failures were successful in that they forced risk-averse managers to reconsider the way they did business. When Pickens left Mesa at age sixty-eight after a spectacular downward spiral in the company's profits, many counted him out. Indeed, what followed for him was a painful divorce, clinical depression, a temporary inability to predict the movement of energy prices, and the loss of 90 percent of his investing capital. But Pickens was far from out. From that personal and professional nadir, Pickens staged one of the most impressive comebacks in the industry, turning his investment fund's remaining $3 million into $8 billion in profit in just a few years. That made him, at age seventy-seven, the world's second-highest-paid hedge fund manager. But he wasn't done yet. Today, Pickens is making some of the world's most colossal energy bets. If he has his way, most of America's cars will eventually run on natural gas, and vast swaths of the nation's prairie land will become places where wind can be harnessed for power generation. Currently no less bold than he was decades ago when he single-handedly transformed America's oil industry, Pickens is staking billions on the conviction that he knows what's coming. In this book, he spells out that future in detail, not only presenting a comprehensive plan for American energy independence but also providing a fascinating glimpse into key resources such as water—yet another area where he

Language:

English

Narrators:

Arthur Morey

Length:

6h 14m


Chapters

Free Sample

03:35

Chapter 1
Chapter 1

03:35


Chapter 2
Chapter 2

03:24


Chapter 3
Chapter 3

04:28


Chapter 4
Chapter 4

04:15


Chapter 5
Chapter 5

04:53


Chapter 6
Chapter 6

04:37


Chapter 7
Chapter 7

03:50


Chapter 8
Chapter 8

04:56


Chapter 9
Chapter 9

03:48


Chapter 10
Chapter 10

04:38


Chapter 11
Chapter 11

04:22


Chapter 12
Chapter 12

04:29


Chapter 13
Chapter 13

04:48


Chapter 14
Chapter 14

05:04


Chapter 15
Chapter 15

04:34


Chapter 16
Chapter 16

04:45


Chapter 17
Chapter 17

05:05


Chapter 18
Chapter 18

02:58


Chapter 19
Chapter 19

04:28


Chapter 20
Chapter 20

04:18


Chapter 21
Chapter 21

02:55


Chapter 22
Chapter 22

05:02


Chapter 23
Chapter 23

04:15


Chapter 24
Chapter 24

05:01


Chapter 25
Chapter 25

05:04


Chapter 26
Chapter 26

05:16


Chapter 27
Chapter 27

05:12


Chapter 28
Chapter 28

04:51


Chapter 29
Chapter 29

03:22


Chapter 30
Chapter 30

03:17


Chapter 31
Chapter 31

04:46


Chapter 32
Chapter 32

04:38


Chapter 33
Chapter 33

03:38


Chapter 34
Chapter 34

03:53


Chapter 35
Chapter 35

04:15


Chapter 36
Chapter 36

04:11


Chapter 37
Chapter 37

05:00


Chapter 38
Chapter 38

05:13


Chapter 39
Chapter 39

04:49


Chapter 40
Chapter 40

04:42


Chapter 41
Chapter 41

03:22


Chapter 42
Chapter 42

03:17


Chapter 43
Chapter 43

02:56


Chapter 44
Chapter 44

03:05


Chapter 45
Chapter 45

04:45


Chapter 46
Chapter 46

04:52


Chapter 47
Chapter 47

04:57


Chapter 48
Chapter 48

04:42


Chapter 49
Chapter 49

04:44


Chapter 50
Chapter 50

04:08


Chapter 51
Chapter 51

02:59


Chapter 52
Chapter 52

03:44


Chapter 53
Chapter 53

02:46


Chapter 54
Chapter 54

03:08


Chapter 55
Chapter 55

03:02


Chapter 56
Chapter 56

04:35


Chapter 57
Chapter 57

04:44


Chapter 58
Chapter 58

04:52


Chapter 59
Chapter 59

02:08


Chapter 60
Chapter 60

04:30


Chapter 61
Chapter 61

04:33


Chapter 62
Chapter 62

03:18


Chapter 63
Chapter 63

03:14


Chapter 64
Chapter 64

04:45


Chapter 65
Chapter 65

04:37


Chapter 66
Chapter 66

04:31


Chapter 67
Chapter 67

04:26


Chapter 68
Chapter 68

03:43


Chapter 69
Chapter 69

02:29


Chapter 70
Chapter 70

05:08


Chapter 71
Chapter 71

04:09


Chapter 72
Chapter 72

04:42


Chapter 73
Chapter 73

04:32


Chapter 74
Chapter 74

03:00


Chapter 75
Chapter 75

03:17


Chapter 76
Chapter 76

04:53


Chapter 77
Chapter 77

04:39


Chapter 78
Chapter 78

04:33


Chapter 79
Chapter 79

04:40


Chapter 80
Chapter 80

03:42


Chapter 81
Chapter 81

02:30


Chapter 82
Chapter 82

04:38


Chapter 83
Chapter 83

03:33


Chapter 84
Chapter 84

02:54


Chapter 85
Chapter 85

04:37


Chapter 86
Chapter 86

04:55


Chapter 87
Chapter 87

05:02


Chapter 88
Chapter 88

05:17


Chapter 89
Chapter 89

03:44


Chapter 90
Chapter 90

00:42