ValueInvestor

T. Boone Pickens on Yahoo and the Price of Oil

LOL FreeEnterprise, I'm not an idiot, I'm a realist. Those claims made by Pickens are economically not realistic in the near term. There is way way too much invested interest in oil and the current infrastructure to change things immediately. I'm all for weaning ourselves off oil and moving to more enviro friendly alternatives, but I don't think it would happen in the next 20-30 years.

Besides, your precious T. Boone went long oil in the $140-145 range. Hows that working out for him?