Everyday Finance

T. Boone Pickens Hedge Fund Holdings

I heard his interview the other day and when called out, he admitted he was wrong, reversed course and now he's long big time. He cited some pretty good reasons why we'll see $150 (world demand at 87mil bar/day vs output of 85). In a peak oil scenario, world output can only decline from here. Regardless of your long/short position, a great way to exploit further moves with no net cash outlay is using synthetic options:

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