T. Boone Pickens Predicts $125/Barrel Oil [View article]
He was shorting oil a few months ago...... My My....is everyone waking up to the fact that we really are in a demand cycle and the rapidly developing "3rd world guys" (Ch-In,etc)who were never major consumers have eaten up all the surplus that used to control the price? Add that to the fact that most OECD (Non-OPEC) countries energy production are in rapid decline...the only new oil of any significance is Angola....Wow...go figure $100 oil! Headed to $150 by eoy...
-
He was shorting oil a few months ago......
Apr 27 11:18 am
|Rating:
0
0
All Comments by righand1951 »T. Boone Pickens Predicts $125/Barrel Oil [View article]
My My....is everyone waking up to the fact that we really are in a demand cycle and the rapidly developing "3rd world guys" (Ch-In,etc)who were never major consumers have eaten up all the surplus that used to control the price?
Add that to the fact that most OECD (Non-OPEC) countries energy production are in rapid decline...the only new oil of any significance is Angola....Wow...go figure $100 oil! Headed to $150 by eoy...