December 11, 200717 yr NEW YORK, Dec 11 (Reuters) - Oil prices will hit $100 a barrel before dipping to $80, and should pierce the triple-digit threshold within the next six months, investor T. Boone Pickens said on Tuesday. "Get ready for $100, it is coming up. A hundred dollars will come before $80," said the Texas oilman who heads the BP Capital hedge fund during an interview with CNBC television channel, adding that he expects the market to become adjusted to $100 oil. "You'll see it ($100 oil) within the next six months. A hundred dollars is going to become routine." U.S. oil rocketed to $99.29 a barrel in late November on concerns about supplies ahead of the Northern winter and the slumping dollar. Worries a slowdown in the U.S. economy could depress demand growth in the world's top consumer have since sent prices down. Oil was around $90 a barrel on Tuesday. Pickens said that supply constraints would continue to drive prices higher, as well as moves by oil producers to ensure more revenue. In April, when prices were around $65 a barrel, Pickens said oil could tip $80 a barrel in late 2007. (Reporting by Matthew Robinson; editing by Matthew Lewis)
December 11, 200717 yr don't forget to add... stop going to war and putting yourself further in debt...... what is it 9 trillion now???
December 12, 200717 yr Don't put money into energy futures, it's driving the volatility. Ohhh and we need a water-breaking catalyst. Ohh and the "Big 3" already have the technology that will solve all this.
December 12, 200717 yr lol its amazing how much gas is being used out here in the battlefield its just amazing
December 13, 200717 yr I use upwards of 2000 gallons of gas on the longer flights, even still its probably better than if everyone in the back of the plane got in their hummers and drove from Boston to Memphis. We're all doomed when it comes to oil.
December 13, 200717 yr Stop driving huge cars.. stop whining about oil prices.. I couldn't agree more...We brought it upon ourselves, and everyone keeps *****in. I get 40mpg, at the very least, it just sucks when it's cold or raining.
December 13, 200717 yr I couldn't agree more...We brought it upon ourselves, and everyone keeps *****in. I get 40mpg, at the very least, it just sucks when it's cold or raining. Cold doesn't bother me so much. Got a FXRG jacket which keeps me pretty warm. So far down to 20 degrees. Rain on the other hand isn't a whole lot of fun. Snow/ice is what gets me.....Need to move to warmer climates....
December 13, 200717 yr Cold doesn't bother me so much. Got a FXRG jacket which keeps me pretty warm. So far down to 20 degrees. Rain on the other hand isn't a whole lot of fun. Snow/ice is what gets me.....Need to move to warmer climates.... Come on down bro!! I got 70 degrees.
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