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04-29-2008, 06:53 PM
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#1 |
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Excellent Pickens Interview on Bloomberg, 4/29/2008
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04-29-2008, 07:13 PM
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#2 | |
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Quote:
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04-29-2008, 07:27 PM
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#3 |
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He also gave a interview on CNBC todaty(same tie--same suit.)
It is worth listening to both as he covers a little different ground on CNBC, as well as plugging his book, which ought to be good. Interesting how he never seems to recognize the Bakken as a future source nor does he think much of the oil sands per his past musings. MSNBC - Video Front Page
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04-29-2008, 07:30 PM
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#4 |
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What possibly could make oil go down?
 Seems like a sure investment to me.
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But there's booze in the blender, And soon it will render That frozen concoction that helps me hang on. |
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04-29-2008, 07:37 PM
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#5 | |
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If you do what you've already done, you'll get what you've already got- - - -< |
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04-29-2008, 07:43 PM
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#6 |
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If I had shorted oil as he recommended early in the year, I would have been handed my head a couple of months later. But he is a smart man. He has the bank account to prove it.
I own a natural resource and a commodity fund. That is enough exposure for me. Also makes it a little easier to swallow the constant price changes at the local pumps. Almost. 
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Full time golf bum. |
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04-29-2008, 07:52 PM
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#7 |
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Guess time will tell
Im sure he is right. I just cant make them dollars though switch to the oil play. Something about me that just cant do it. But im sure someone is and mkaing tons of money off it!
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But there's booze in the blender, And soon it will render That frozen concoction that helps me hang on. |
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04-29-2008, 07:53 PM
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#8 | |
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Give me a museum and I'll fill it. (Picasso)
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Like Pickens says, for few years running world crude production has been stuck at 85 mbpd. But demand grows, not in the developed world, but elsewhere. I also liked what he said about natural gas as a feedstock to make synthetic diesel, and windmills to replace the gas withdrawn from electricity generation. Ha
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04-29-2008, 07:58 PM
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#9 | |
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But there's booze in the blender, And soon it will render That frozen concoction that helps me hang on. |
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04-29-2008, 08:00 PM
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#10 | |
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Give me a museum and I'll fill it. (Picasso)
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It would be hard for me to wade in at current prices, though we could get weakness if the USD rallies; and I might be a buyer then. Ha
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