Thursday, February 09, 2012

 
 
 

 
 
 
 
 
Pickens, Yergin predict huge oil rally
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Friday, May 22, 2009
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From Newsmax:

After surging to a record high of $147 last July, oil prices plunged to $37 near year-end, thanks to the economic slump.

Now they are back above $60, and experts say the rally has only just begun.

The same factors that drove prices up last year could return quickly, Prof. James Hamilton of the University of California, San Diego told Congress this week. He cites slumping global production and explosive Chinese demand.

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More from Boone Pickens and on oil:

Oil billionaire Pickens predicts $75 oil

Billionaire oilman says prepare for $300 oil

Big Oil making huge bets on a new commodity

Topics: T Boone Pickens | Energy | Commodities
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