T. Boone Pickens Says Oil Will Return to $150/Bbl Next Year -DJ

September 22, 2008 2:17 PM EDT

Dow Jones is reporting that legendary oil investor, T. Boone Pickens, has said that oil will return to $150 per barrel next year. Pickens also believes global oil demand is fixed despite the recent economic turmoil.

Check out StreetInsider.com's entity page on T. Boone Pickens in order to get breaking news and alerts on the activist investor.

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