MiningOilGasGuru

Should We Listen to Boone Pickens on Oil?

Boone Pickens plan isn't supposed to change this would this week or this year. The price of oil may be nearing $100 today, but it won't be several years down the road. That is when his plan will matter as right now he is only building the infrastructure for a world of high oil prices to come. So yes we should listen, if things go his way, he could even become an American hero .. like Mr. Ford.

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Yes, Oil Prices Can Actually Go Down

Sadly oil is here to stay, and we will probably have to deal with higher oil prices, not lower. Hopefully when the new administration comes in to power, things will change.

A Supply Side Problem: Oil's High Price is Here to Stay

Nice article.
High oil prices have become the norm as everyone has adjusted or is adjusting to cope with them. Usually it means less income to dispose on personal purchases. And there are too many people making profit off these high oil prices, there is no reason to drop oil prices now if people are still willing to buy it at such a high price.