T. Boone Pickens Currently Short Natural Gas & Oil

February 21, 2008 8:19 AM EST

On CNBC this morning, T. Boone Pickens said he thinks oil is going to drop in the near term. Boone Pickens said oil will drop $10-$15 and head back to $100 in the second half of 2008. During the interview, he said he is currently short natural gas and oil.

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