T. Boone Pickens began at age 11 delivering papers, mowing lawns and pumping gas in Oklahoma to becoming chairman of the BP Capital Management hedge fund. He invested a mere $2,500 into Mesa Petroleum and built it into one of the largest independent oil companies in America and then overcame a time of personal difficulties by taking an investment fund of $3 million and turning it into $8 billion in just a few years. That's why I picked up a copy of Boone's book The First Billion is the Hardest and read it from cover to cover with close attention and fascination. In his book, Pickens presents his plan for America to become energy independent as well as detailing his life of improbable triumphs. The book provides an inside view of his oil and gas career, of mergers and acquisitions, of his dealings with CEOs and investment bankers, and on his personal management style. On energy, Pickens makes the argument that the U.S. cannot drill its way out of our current crisis but must think our way out. In discussing energy solutions, Pickens stresses that crude oil is not used only for gasoline, heating oil and jet fuel but for other important petroleum products such as plastic, synthetic fibers, fertilizers, ink and many more products. For that reason, even if no foreign oil went to energy uses we'd still be beholden to the Middle East. Pickens wants to replace at least a third of gasoline demand with natural gas to reduce our foreign oil bills by 16 percent annually. The book contains 11 chapters on the author's personal insights and experiences, including his insights on energy, and one chapter on his energy plan. While some readers may scoff at the author's folksy personality and "Bonneisms" the fact is that T. Boone Pickens has 60 years experience in the energy field - experience that gives him credibility and suggests we should listen closely when he speaks. The book also provides an interesting peak into how Pickens spends his money - a philanthropic approach to use his money to perpetuate helping others. In fact, the author shares his intent to give away all of his money and how he will do it. But before he could give away as much he has, Pickens first had to earn his fortune and The First Billion is the Hardest is a fascinating and compelling story of how that was done.
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