t. boone. one afternoon in october, 2006, t. boone pickens tilted his land 78-year-old body back in an enormous chair in his dallas office and propped up his black cowboy boots on the corner of his desk and gave me a look. it's just getting draw your and dry year he drawled in an amused voice and handed me articles about water, his water company. many of which were critical of the plans to suck water from the aquifer, which is the largest aquifer in america that underlines each state. it is also being rapidly depleted by people who are pumping it mostly for a culture but other reasons as well and there's a great deal of concern. the articles also noted a lack of rain combined with a population that he could push texas into an unprecedented drought. he signed up 200 landowners representing 400,000 acres in roberts county where his ranch is. to participate in a deal between the water and a thursday mitropoulos willing to pay the rates. she had no by years yet but pickens is a legendarily patient steelmaker. the offer is just surplus water, he s

t. boone pickens speak about that specifically.ur own natural resources more so than foreign resources if you will for a lot of reasons that have benefit in the broader economic context, balance of trade, dependence on maybe unreliable suppliers. >> when you look at the american economy, what we see is we're back to the gdp levels we were at before the crisis, but with ten million fewer people working. that's at some level a sign of great productivity, but for those ten million people it's a tragedy. how do you get jobs back? how do you get america to be employing people and in large numbers again? >> well, i think you have to look at innovation. great nations, and i believe we're the greatest nation on the face of the earth, we need to continue to invest in r&d and we are. you have to look at automation. we recently opened -- trying to build the first compact car in the united states. no one is trying to do that today. and in this new era of productive industrial relations between management and union, i think all parties have lea

t. boone pickens and the koch brothers over natural gas subsidies, the kochs have ordered abandon machineow, help minks? where haas thou gone, big big? big bankses? bring back your lobbyists, your pr firms, your grassroots advocates yearning to bill more in fees. why won't the industries that stand to lose so much from house republicans intrance gens work to avoid their own losses? i think i know. nobody likes to admit a mistake. many of those organizationses helped to elect this tea party crowd. could it be they have buyer's remorse? if so, don't worry about it, guys, we forgive you. please, please by helping save your own skin and ours in the process. talk some sense into those house republicans. dylan? >> how much of the cognitive dissonance that you reference with the tea party crowd do you think is actually everywhere, there are people on the democratic side that expected a tremendous amount from this president and can't reconcile the attractive nature of hi rhetoric with the incredibly offensive nature of hi policies? the tea party crowd can't reconciles that? are we at a point -- i

t. boone pickens. od morning, and boone pickens says that washington has spent 40 years talking about getting america off its addiction to foreign oil but has done almost nothing to achieve that goal. washington's answer to higher oil has been to release 30 million barrels from the spr. you're laughing, why? >> of course i'm laughing. is that a solution? that's not a solution. you're just taking oil out of storage and putting it on the market and there wasn't even a real interest in buying it. most of the oil went in the hands of traders and went into storage in tankers. >> so it's not doing anything. prices are now back where they were before. >> really. >> the announcement, yes. you're not surprised by that. what do you think then prices will be by the end of this year? will they be above 100 bucks a barrel again? >> probably. i think you'll hit, you'll be very high in the first half of next year. >> very high meaning? >> you'll be back up to $125, $150. >> so consumers back to paying $4 a gallon? >>

t. boone pickens that we need an energy plan. we don't have one. >> 75% of people think big corporations have too much control over their lives. >> i try to get a big corporation -- i never had one but i would like to have more control over people's live. to bar my stuff. go to my restaurant. >> the third one was 62% of people think both major parties are failing. i have to step aside on that. >> failing? both of them? who are you going to vote for? >> i am conflicted. >> i will vote for a party heading in the right direction. >> they can't get anything done in congress. we are a paralyzed society. we have had a rough couple weeks. >> there's stuff in the middle east shaking everybody. all the upheaval we don't know what is going on or what is going to happen and we have had these tornadoes and all we've ever problems, have the news viewers like me are kind of shaking. i would like a little peace and quiet. give me some more lindsay lohan and i will be happy. it will mean the worst is over. >> there is some of view that some of t