Boone Pickens Sees Oil at $75 by Year-End
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Appearing on CNBC's Closing Bell, Boone Pickens just told Maria Bartiromo that crude oil will be at $75 by year-end. The famed oil investor also said that oil will continue to move higher in 2010 if we have "a recovery in the global economy".
Pickens also reiterated his stance that we will see oil at $60 before $40. Pickens first made this prediction on March 6. So far, Pickens has been right: crude closed around $42.91 today.
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slim pickens for us
me on Mar 11, 2009 05:45 PMnot only is oil north of 40 a barrel, but pickens energy plan is availible as a rip off download for 48.95. what a scum bag this guy is. you dont hear much about him now while there is money to made buying up oil. he will get back to us when oil shoots above 125 again.