Pickens Tells CNBC Oil Is Heading Higher

Oil billionaire Boone Pickens is sticking to his guns. Even though oil prices have declined since the beginning of April as Iran fears fade, the Chief Executive of BP Capital tells CNBC he still thinks crude will be heading higher, "testing the highs" of $78 per barrel before the end of the year.

Category:

News & Politics

Tags:

• Pickens
• Peak
• Oil
• Energy
• Prices

[dtbristol]

Oil is pushing 78 like he predicted.

[Creation27]

Actually, if you had watched, right in the middle he said, "...an economic downturn could push oil prices down..."

Pay Attention.

[bruceok]

Consistently wrong for the past few years. His west Texas wind farm is on hold; it's a bust; will never see it operational. Google "milliondollarway" "wind energy" on the blogs.

[Creation27]

Red Del Pa is right. The most prominent Geologists in the world have been saying for YEARS that America has more oil in Alaska (and under the antarctic) that perhaps all of Saudi Arabia, but the Media won't cover answer any of their phone calls...???

What's going on???

[Creation27]

The last part of what he said is Really Important. He basically wants to make Corporations more Democratic and less Dictatorial. Right now Corporations are run like Dictatorships, often not doing what is best for either their shareholders OR their employees, much like Russia and Communism did, which is why they continue to fail.

[goruck]

hey t boone, oil is down genius...where are you now?

[Golgo13ThePro]

Oil is $140.5

[zaber789]

Oil is $135

[daltonagre]

Here in Brazil, a brent of ethanol costs about US$50 to be produced.

[RedDelPaPa]

Lets talk about prudhoe bay in Alaska and the gull island fields that were discovered in the 70's but not allowed to be used. There is oil out there, and big oil knows where. Peak oil is a fraud being perpetrated on us all by the powers that be. Look up Lindsey Williams and the energy non crisis. Vital info everyone should know.

[dboersema]

who are u to talk ford46power