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Dheeraj Grover
Dheeraj Grover
Articles (493) 

T Boone Pickens Discusses Oil and Natural Gas

September 27, 2012 | About:

Well-know billionaire investor and oil man T Boone Pickens was on CNBC to discuss his outlook for oil and natural gas, what is driving the oil price down, natural gas prices and his outlook for two commodities.

-- What is driving oil down: China's economic slowdown, but it will not be going down much, may be another $5.

-- We have a lot of oil in strategic petroleum reserve. We can release half of it; we don't need that much reserve.

-- Other sources discovered in U.S. are also putting pressure on oil price.

-- Natural gas will be about $4 by the end of year.

-- Thinks Obama does not have any plan for energy. Romney has a better plan.

Credit and source: www.cnbc, CNBC

Here is the video:

About the author:

Dheeraj Grover
I am an individual investor with deep interest in the field of value investing. My ideas and thinking is inspired by highly respected value investors like Ben Graham, Warren Buffett, Walter Schloss, Bill Ruane and Tweedy Browne

Rating: 3.2/5 (10 votes)


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