Commodity Bubble Proponent

Why Oil Won't Penetrate $150/Barrel

" Pickens said it well.
The world can only produce 85 million barrels per day while it is consuming 87 million barrels per day."

Really now?? Then if Pickens is right, how come inventories are at average/above average levels in almost every single industrialized country in the world?

If you look at his hedge fund, about 95% is in either oil or natural gas. In my book, that is a biased source