Without a new recession we could see $100 oil at the end of this year. After a recent Dow tumble that's a considerable if.
When T. Boone Pickens, energy billionaire, last sat down with Steve Forbes to discuss oil and natural gas, among other things, he projected that oil would reach between $80 and $85 a barrel this year. (Watch "The New Pickens Plan.") Oil currently trades at a little less than $80. We reached out to the energy billionaire to get his take on the energy market now.
In a recent video interview Pickens predicated his oil and natural gas predictions on whether or not the global economy continues to improve. (Watch "Pickens' Oil Price Predictions"). After the Dow recently dropped 998 points in a day allegedly based on fears of Greece's sovereign debt problems, that seems to be a rather big if. (See "Fat Fingers Cause Panic.") Pickens acknowledged that this is an if. "We have a problem in Greece, and the European Union is struggling right now," he said. "If everything slows down, then what I'm going to tell you probably won't happen."
Goto Forbes.com for the complete article.
When T. Boone Pickens, energy billionaire, last sat down with Steve Forbes to discuss oil and natural gas, among other things, he projected that oil would reach between $80 and $85 a barrel this year. (Watch "The New Pickens Plan.") Oil currently trades at a little less than $80. We reached out to the energy billionaire to get his take on the energy market now.
In a recent video interview Pickens predicated his oil and natural gas predictions on whether or not the global economy continues to improve. (Watch "Pickens' Oil Price Predictions"). After the Dow recently dropped 998 points in a day allegedly based on fears of Greece's sovereign debt problems, that seems to be a rather big if. (See "Fat Fingers Cause Panic.") Pickens acknowledged that this is an if. "We have a problem in Greece, and the European Union is struggling right now," he said. "If everything slows down, then what I'm going to tell you probably won't happen."
Goto Forbes.com for the complete article.
