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Politics : Rat's Nest - Chronicles of Collapse -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (4138)	5/13/2006 8:44:03 PM
From: Wharf Rat	Read Replies (1) \| Respond to of 24235

(<: TBP has been pretty accurate so far. In addition to saying oil will hit $80 before $60 this past week, a recent new story quoted him as follows: May 3, 2006 Energy tycoon Pickens says to expect $4 a gallon soon Don Mecoy The Daily Oklahoman May 3--Boone Pickens, who has made millions predicting energy prices, said American consumers shouldn't expect to see cheaper gasoline anytime soon, and shortly could be paying quite a bit more. "We're going to see $4 gasoline this summer," Pickens said. And motorists likely never will pay less than $2 for a gallon of gasoline, the Texas energy investor said. Pickens, an Oklahoma native who founded Mesa Petroleum in 1956 and now runs energy investment funds, appeared at a luncheon Tuesday before business leaders to discuss the energy industry's support of fine arts. Strife in several oil-producing nations could constrict supplies and send prices soaring, Pickens said. Meanwhile, there is little that could boost supplies and cut prices, he said. theoildrum.com