T. Boone Pickens Bullish on Clean Energy Future, Oil

August 5th, 2009
| More
T. Boone Pickens of BP Capital still believes that wind energy will be a critical source of America’s future energy supply. Depressed short-term demand for renewables, reflective of low energy prices, is constraining the transition in the shorter term from dirty energy to clean energy. However, according to a recent interview with the Motley Fool, Pickens believes relief may come sooner than expected.

With the Natural Gas Act, a bill giving incentives to switch to natural gas automobiles, moving through Congress and a bullish prediction of $75 Oil in December, Pickens says the transition will be seamless. Despite these bullish sentiments, his Pampa Wind Project, the world’s largest, is still scheduled to be postponed until 2013.

According to the article, BP Capital’s energy futures fund is up 79% and the energy equity fund is up 14%. For the moment, T. Boone is particularly interested in exploration and production (E&P) companies as they will provide the energy sector with additional reserves in the shrinking supply of global oil.

T. Boone currently serves as the Chief Investment Officer of BP Capital Management, an energy-focused hedge fund management firm that he founded in 1996.
See Source
For Detailed Investor Profiles on these Investors, click below:
BP Capital Management
Related People: Alex Szewczyk; Robert L. Stillwell; Ronald D. Bassett; T. Boone Pickens
Related Entities: BP Capital Commodity Fund.; BP Capital Equity Fund; TBP Investments Management, LLC
Related Article Tags: Green, Socially Responsible, ESG and Sustainable Investmenting Hedge Fund News


More Recent Headlines

Och-Ziff Capital pays big bonuses to Traders, Records $88mm Loss

Microsoft Should Think Big, Not Bing

Icahn, Highside, & Greenlight Blind-Sided, Memo States that Guaranty Bank may be Seized

Partner Fund, Cavalry Asset Management and Prescott Group join the Top Solar-Focused Hedge Fund List

TCI’s Activism in Japan Backfires

SAC Capital, Paulson & Co, Millennium Partners and PAAMCO make Big Hires

Gartmore Hedge Fund PM Ben Wallace Goes Net Long After Solid First Half of 2009

RAB Capital Posts Modest Gains After Tough 2008

Warren Buffett Shines on Strength of Goldman Stake

Entrust Stockholders Approve Merger With Thoma Bravo