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Makes a lot of sense, and who better to engineer a plan than Boone. At it’s heart – we have to expand wind power, where great potential lies in the Midwest. Using wind power for electricity can allow us to shift the use of natural gas from energy to transport fuels.
Let’s look at a few opinions I’ve heard over the last couple of days: Chuck Butler at the Daily Pfennig believes at least 20% of the current price is speculation driven Jeff Clark at The Growth Stock Wire thinks it’s time to sell oil stocks now T. Boone Pickens (video posted yesterday) says demand is […]
BP Capital CEO Boone Pickens thinks we’ll see $150 oil before the end of the year. He also bought 10 million shares of Yahoo, following his friend Carl Icahn into the deal. He also believes demand destruction in oil due the US slowdown is a non-issue, as the rest of the world is compensating for […]
“I think I made a mistake” Pickens humbly told CNBC yesterday, referring to his prediction that oil would drop in the 1st quarter. He sees oil “hanging around here” in the 2nd quarter, and above $100/barrel in the 2nd half of the year. He is also bullish on natural gas, citing it’s relative cheapness compared […]
Legendary oil investor T. Boone Pickens told CNBC this morning that he is short oil and natural gas. He believes that oil will have a short term pullback. I was surprised by this – Pickens has been (correctly) calling higher oil prices for quite some time. I’m glad I’m not long oil or nat gas […]
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