Pickens says oil won't go below $100

Reuters ^ | Aug 14, 2008 | Timothy Gardner

[Ben Mugged]

Pickens and Pelosi (PP incorporated) want an oil crisis so they can get rich selling wind energy to fools who actually believe it will solve our energy crisis.

[Red Badger]

That means it’ll drop like a rock...................

[HD1200]

Pickens was long on oil futures when he was expousing how we “cannot drill our way out of this”....

[Azzurri]

Pickens says oil won't go below $100

And his business partner Pelosi will ensure that it doesn't.

[GreenAccord]

...but should not sink below $100 because the United States depends heavily on oil imports.

You know, I'm fairly sure we depended heavily on imports all the while it was $40 (and then up to $99) per barrel. This statement doesn't jive.

[mgc1122]

Pickens may be doing some wishful thinking ...

[djsherin]

It’ll sure as hell go below $100 if we stop devaluing the dollar and get the government to stop preventing access to resources and to stop the insane regulation at every step in the economy.

[rightinthemiddle]

T. Boondoggle Pickens HOPES oil won’t go below $100.

[Steely Tom]

Well, now we know the bbl price below which the “Pickens Plan” evaporates into the BS-o-sphere.

[AnnGora]

T-boone does seem awfully anxious to keep oil prices above 100 bucks. Wonder what’s in it for him.

[MediaMole]

In unrelated news, Pickens goes short while encouraging others to take long positions in oil.

[rightinthemiddle]

He’s invested millions (I heard 50?) in wind farms.

[Obadiah]

Nailed it.

[Recovering_Democrat]

If drilling is approved, it will go below $100.

[RexBeach]

Say what you will about T. Boone, but he was the first guy in the country to predict oil would go to $100.00 a barrel.

Other than that, he’s a salesman trying to sell. And he’s real good at that.

[Ben Mugged]

Could it be that his hedge fund is heavily invested in oil futures? Could Pelosi be collaborating with Pickens to keep oil prices high?

[thackney]

He’s invested millions in wind farms.

Add three more zeros.

http://www.cnn.com/2008/US/05/19/pickens.qa/

[DungeonMaster]

Is Pickens invested in it not going below $100?

[brownsfan]

“Pickens and Pelosi (PP incorporated) want an oil crisis so they can get rich selling wind energy to fools who actually believe it will solve our energy crisis.”

This is the kind of thing that drives the left crazy, and to be honest, I have trouble with it too. The “it” I refer to is Pickens doing his absolute best to manipulate the market so he can cash in on the wind power scam with Ms. Pelosi.

Pickens is an old man, and has more money than he could spend. When is enough, enough? Pickens and Pelosi have to team up to screw people go get more money, when both are quite wealthy?

I just don’t understand.

[rbmillerjr]

Yes, and Pickens is sweating this out. He doesn’t want drilling. That’s why his PR campaign (and some chump change to himn) of alternative investments is out there.

He’s pretty much an investing genius in the simplicity of his actions. The demand for oil is going to be unrelenting over the next 20 years with all of the emerging countries (china,india etc) coming online and buying cars.