The energy pioneer and philanthropist died of natural causes at his home in Dallas surrounded by friends and family, a spokesman said Wednesday
T. Boone Pickens, the legendary oilman who made his fortune in Texas, died on Wednesday. He was 91.
Pickens, who was born in a small town in Oklahoma but spent his adult life in Texas, died of natural causes at his home in Dallas surrounded by friends and family, according to a statement from spokesman Jay Rosser.
The former wildcatter turned oil executive turned hedge fund manager and philanthropist had suffered a series of strokes and head injuries in recent years but remained active on social media and other mediums. In May, he published an op-ed in TribTalk — the opinion arm of The Texas Tribune — that advocated for the construction of a veterinary school at Texas Tech University.
In a statement, George W. Bush said Pickens, a staunch supporter of and major donor to the former president, became “a household name across the country because he was bold, imaginative and daring.”
“He was successful — and more importantly, he generously shared his success with institutions and communities across Texas and Oklahoma,” Bush said. “He loved the outdoors, his country, and his friends and family.”
Despite Pickens’ Oklahoma roots, Dallas Mayor Eric Johnson expressed gratitude in a statement for the magnate’s contributions to the city of Dallas.
“While he might have been an Oklahoma boy, he’ll always be remembered as a Texas legend,” Johnson said. “He was a larger-than-life figure, a titan in business, and a generous philanthropist.”
Pickens did a series of interviews with the Tribune over the years in which he speculated about dicey oil markets and pushed “The Pickens Plan.” That novel vision — aimed at reducing the nation’s dependence on foreign oil — called for a $1 trillion investment in wind energy.
A statement posted on Pickens’ website on Wednesday described that effort as “a self-funded, $100 million, grass-roots campaign aimed at reducing this country’s crippling dependence on OPEC (Organization of Petroleum Exporting Countries) oil.”
In a statement, Gov. Greg Abbott considered this initiative a key part of Pickens’ legacy.
“He was a passionate man who always stood by his principles on his path to success. T. Boone Pickens’ commitment to establishing American energy independence will have a lasting impact on the state of Texas, and the United States of America,” Abbott said.
Plans for memorial services in Dallas and Stillwater, Okla., are pending, the statement said.
Disclosure: T. Boone Pickens was a financial supporter of The Texas Tribune, a nonprofit, nonpartisan news organization that is funded in part by donations from members, foundations and corporate sponsors. Financial supporters play no role in the Tribune’s journalism. Find a complete list of them here.
Saudi Arabia races to restore oil supply — drone strike blamed on Iran
Saudi Arabia raced on Sunday to restart operations at oil plants hit by drone attacks which slashed its production by half, as Iran dismissed US claims it was behind the assault.
The Tehran-backed Huthi rebels in neighbouring Yemen, where a Saudi-led coalition is bogged down in a five-year war, claimed Saturday's strikes on two plants owned by state energy giant Aramco.
But US Secretary of State Mike Pompeo pointed the finger squarely at Tehran, saying there was no evidence the "unprecedented attack on the world's energy supply" was launched from Yemen.
"The United States will work with our partners and allies to ensure that energy markets remain well supplied and Iran is held accountable for its aggression," the top US diplomat added.
Trump flip-flops on meeting with Iran with ‘no preconditions’– then blames it on the media
President Donald Trump went off on the "fake news media" yet again, after his own appointees announced he was willing to meet with Iran.
"The Fake News is saying that I am willing to meet with Iran, 'No Conditions.' That is an incorrect statement (as usual!)," Trump tweeted.
In an odd twist, Trump announced just three months ago he'd be willing to meet with no preconditions.
“Not as far as I’m concerned – no preconditions,” the president said in a Meet the Press interview. At another point in the interview, he also said: “I think they want to make a deal. And my deal is nuclear.”
Internet fears Trump’s ‘locked and loaded’ tweet about oil field bomb means he’s gearing up for war with Iran
the largest U.S. oil producer can be brought to its knees with a drone carrying a bomb. President Donald Trump responded to intelligence that the drone didn't originate in Yemen, but rather from Iraq or Iran, by saying he was "locked and loaded."
"Saudi Arabia oil supply was attacked. There is reason to believe that we know the culprit, are locked and loaded depending on verification, but are waiting to hear from the Kingdom as to who they believe was the cause of this attack, and under what terms we would proceed!" Trump tweeted Sunday.