In its literal sense, the statement emphasizes the importance of having a functional infrastructure or system in place to convert raw materials into usable products. Without such a setup, abundant resources like oil remain largely unutilized and their full potential goes untapped.
The deeper meaning of this quote extends beyond the immediate context of oil refining. It underscores the broader principle that resources alone are not enough; there must be an effective mechanism or process to transform these raw materials into valuable outputs. Whether in business, technology, or other fields, having a robust system to convert ideas and resources into practical applications is crucial for success. This concept highlights the necessity of innovation and infrastructure development alongside resource acquisition.
T. Boone Pickens, the author of this quote, was an influential American oilman and businessman known for his expertise in energy sector investments and his role as one of the wealthiest individuals in the United States during his lifetime. His insights often delve into the practicalities of turning natural resources into economic advantages through strategic planning and efficient operations.
