When you look at a commodities market you need hedgers and speculators. If you don't have one, you don't have a market. That's how it works.
T. Boone PickensI don't go looking for somewhere to spend my money. You can step on a tube of toothpaste for a week, if you have to. I spend what I need to and give it away.
T. Boone PickensI 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.
T. Boone Pickens