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Politics : View from the Center and Left

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To: Bearcatbob who wrote (67041)	5/20/2008 4:24:41 PM
From: Cogito	Read Replies (1) of 542745

>>Steve and Allen - I love you guys! Look below - who is profitting from supply restrictions?<< Bob - The story really doesn't indicate who is profiting. I'm guessing that you saw the name T. Boone Pickens and figured he was profiting by this. Which he might well be. He is an oil man, after all. But the story doesn't say that. I remember an interview with Pickens a couple of years ago. Oil had gotten into the fifties or low sixties, if I remember correctly. Pickens was asked when he thought oil prices would fall back into the forties. He said, essentially, you're never going to see oil in the forties again. Obviously, he was correct. I'm quite sure his forecast of oil at 150 a barrel is correct as well. - Allen

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