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Hedge funds reduce their holdings of American oil.
Pickens, the only son in his family, was born in Hortonville, Oklahoma, USA. He is regarded as the founder and philanthropist of the hedge fund "Oil Prophet".

Pickens

After receiving a degree in geology from the university, pickens worked as a geologist in the Oklahoma branch of Philip Oil Company. /kloc-resigned in 0/954 and began to drill wild oil wells. 1956, he started an oil company with two friends with the money he had accumulated for so many years and some borrowed dollars.

American capitalism

1968, when pickens was 40 years old, the then industry giant Hagleton Manufacturing Company was annexed by Mesa Oil Company founded by pickens, including the largest natural gas field in the United States.

Pickens, 68, obtained the qualification of futures fund trader and started his second venture.

Pickens then established BP Capital Company to invest in physical energy and energy stocks.

Pickens believes that the growth rate of oil demand in recent years will definitely be much faster than people expected, because with the rapid growth of the world economy, the oil demand of Indian and China countries will definitely continue to rise. So when the price of light crude oil began to fall, pickens put all his eggs in one basket in 2004 and bought almost all his money into crude oil futures. As expected, on September 27th, 2004, pickens once again seized the opportunity to sell crude oil futures and made a profit of $700 million.

Pickens published a book.

Pickens has great influence in the oil market, and is honored as the "God of Oil" by people in the industry, and has been selected as one of the 400 richest people in the United States by Forbes.