I 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.

By October 9 2008 the price plummeted back below $85 per barrel. On January 22 2007 Pickens donated $5 million to The University of Texas at Dallas to fund educational and research initiatives in the area of brain science. At age 12 Pickens delivered newspapers.

4 billion he is ranked by Forbes as the 328th-richest person in America and ranked 879th in the world. (born May 22 1928) known as T. Thomas Boone Pickens Jr.