Tuesday, October 6, 2009

T. Boone Pickens Outlines 2010 Oil Price Targets (CLNE)

Boone's record over the last eighteen months has been nothing short of rollercoastery [that is NOT a word -ed] down 60-80% in 2008, up 79% when he re-opened to investors this year, just wild.
From 24/7 Wall Street:
T. Boone Pickens gave a CNBC interview this morning with new energy predictions and trends to watch that he has not discussed before. Pickens is still maintaining that natural gas is the key for vehicles now that has passed. September was a horrible month of spending money for overseas energy. He noted that China has spent some $200 billion buying oil supplies around the world that will tie up oil. Pickens believes that the oil supply will be very tight when the recovery starts. He still is maintaining that wind is a necessity as are other alternative energies. His predictions are somewhat the same, but Pickens does still hold the case for far higher oil prices for 2010 and beyond....MORE