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  • $300 Oil in a Decade? 0 comments
    Apr 1, 2011 4:49 PM | about stocks: CLNE, BP, OXY, CHK, DVN, EOG
     In our most recent post, published here, we discussed how to prepare your portfolio in the case of $300 oil. We have also discussed Occidental Petro’s (NYSE:OXY) potential , here, and Chesapeake Energy’s (NYSE:CHK) potential, here, back in November on Investors Hub. Well, it looks like our prediction was accurate, and others are predicting the same outcome ten years down the road. And who better to get advice from than the T. Boone Pickens. Yahoo Finance reported on Picken’s prediction, and we think that he is on the right track.
    Legendary energy investor T. Boone Pickens says oil prices at $300 a barrel could become a reality in a decade if the U.S. does not commit to changing the way it consumes and and produces the commodity. As the largest shareholder in Clean Energy Fuels (NASDAQ: CLNE - News), Pickens has become a champion of increased natural gas usage over the past several years.

    Read the rest of the article at
    Stocks: CLNE, BP, OXY, CHK, DVN, EOG
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