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T. Boone Pickens: Oil to rise another 10%
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Tuesday, April 13, 2010
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From Newsmax:

Oil legend T. Boone Pickens sees room for oil prices to rise another 10 percent, as supply isn’t keeping up with demand.

He also predicts President Barack Obama's offshore drilling plan will have little impact.

"All the world can produce is 85 million barrels a day," Pickens says.

But, "Projections are now that you’ll need 86 to 86.5 million barrels a day," he told Bloomberg. "This is going to move up."

Oil has…

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Topics: Energy | T_Boone_Pickens | Commodities
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