Arabia Quote by T. Boone Pickens
“There's no question that tar sands in Canada are probably the largest source of oil available to the U.S. over a long period of time. There's as much oil in the tar sands probably as there is in Saudi Arabia. The problem is, there's a huge capital requirement to develop that.”
About This Quote
Source Speech: Energy Conference, 2008
Canada’s tar sands hold vast oil reserves comparable to Saudi Arabia, but developing them needs massive investment.
In simple terms: Tar sands have huge oil but need huge money to develop.
Key Takeaway
Invest in capital to unlock resources.
Themes
energy
economics
resource management
Mood
cautious
analytical
Type
informative
strategic
When to use this quote
- government policy
- energy investment
- infrastructure planning
Key Concepts
oil reserves
capital intensity
geopolitics
Questions to Reflect On
- How can financing models reduce investment barriers?
- What environmental trade‑offs exist?
A Different Perspective
High capital costs may deter development despite resource size.
![“We're defending Saudi Arabia? And with all of the money they have, we're defending them, and they're not paying? All you have to do is speak to them. Wait. You have so many different things you have to be able to do, and I don't believe that Hillary [Clinton] has the stamina.” quote by Donald Trump](https://sms4smile.com/quotes/img-quotes/0a5/donald-trump-18_able_we-re-defending-saudi-arabia-and-with-al_72517.jpg)
