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Strategies & Market Trends : Quarter to Quarter Aggressive Growth Stocks

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To: Jack Hartmann who wrote (6146)	4/20/2009 10:28:49 AM
From: richardred	Read Replies (1) of 6924

How accurate Pickens be for this year? Maybe Brazil will be a force in years to come. Brazil oil find may hit 8b barrels By Joe Carroll \| 2009-3-14 \| NEWSPAPER EDITION EXXON Mobil Corp's oil discovery off the coast of Brazil may hold enough crude to rival the nearby Tupi prospect as the Western Hemisphere's largest find in three decades. shanghaidaily.com ____________________________________________________________________ T. Boone Pickens sees oil at $75 at end-year * Monday April 20, 2009, 9:23 am EDT ORLANDO, Florida (Reuters) - Texas oil billionaire T. Boone Pickens on Monday reiterated his prediction that crude oil prices would hit $75 a barrel this year as producers scale back production. Pickens said about OPEC producers: "They told you they want $75 by the end of the year, I would count on that, I believe them." OPEC has scaled back output to help support crude prices, which have dropped from record highs over $147 a barrel in July to around $47 a barrel on Monday. "I think you are going to clean up the stocks because the people who have the oil are cutting supply," Pickens said at an alternative fuels and vehicles conference, referring to the nearly 19-year high on U.S. inventories of crude oil reported last week by the federal government. The United States would likely burn through its supply overhang in three months, he told reporters. (Reporting by Timothy Gardner; Editing by John Picinich) finance.yahoo.com

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