T Boone Pickens: $80 oil within 6 mths, and maybe $100

[quote=“Avatar,post:2,topic:32932"”]

I’ve been hearing this for 2 years now. Demand is going to decrease come August. There might be a slight bounce as refineries switch over again from gasoline to heating oil in the fall, but unless some serious shit happens in the sandbox with Iran or something we’re not going to $100 oil in 6 months.

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[quote=“JayS,post:7,topic:32932"”]

From the link…

OPEC will not allow oil to get that high. At that price those difficult/expensive places to get oil from suddenly become very profitable. That means much more oil on the market, and it won’t be coming from OPEC. This was discussed in detail in on of the other gas/oil price theads.

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We are getting close to $100

BUMP