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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (396961)	7/8/2008 11:46:25 AM
From: michael97123	Read Replies (1) \| Respond to of 1576160

you are prescient John and also not shy. Congrats. Today Boone had it going to $150 first and then down to $100. $100 is apparently the new floor that everyone has on it. We shall see.

To: Road Walker who wrote (396961)	7/8/2008 11:47:46 AM
From: tejek	Read Replies (2) \| Respond to of 1576160

Oil's 50 MA is at $130 currently.....if it doesn't bounce off that number, then it could go as low as $120. That would be nice! quotes.ino.com

To: Road Walker who wrote (396961)	7/8/2008 4:20:54 PM
From: tejek	Read Replies (2) \| Respond to of 1576160

Pickens thinks the US needs to convert its cars to natural gas usage while power generation would be provided by wind and solar. Putting his money where his mouth is.....it just so happens that he has been investing in those very same industries for several years now. Pickens is selfless.......a true patriot! I have to stop now before I tear up. Pickens: Oil May Fall to $100 in Next 2 Years 07/08/08 - 03:43 PM EDT T. Boone Pickens, the legendary wildcatter turned takeover artist who now commands the hedge fund B.P. Capital Partners, said in a Tuesday television interview that oil prices will likely stay around $150 a barrel for the foreseeable future. However, Pickens told CNBC that crude could fall back to $100 a barrel in the next two years as consumption patterns adjust to exorbitant prices. Earlier in the day, Pickens hosted a meeting with reporters in which he introduced his version of a new energy plan aimed at reducing U.S. dependence on foreign oil. The plan proposes that gasoline-powered auto engines be converted to run on natural gas. Additionally, Pickens says the existing power-generation system that currently runs on natural gas and old coal technology should be replaced with a new system powered largely by wind and solar power. In such a program, the U.S.'s reliance on foreign sources of energy essentially would be replaced by new energy sources that are plentiful and relatively inexpensive to produce domestically, according to Pickens. Conveniently, the program focuses on technologies that Pickens is heavily invested in. He is now planning to construct a wind farm in Texas that would be America's largest, with 2,500 wind turbines generating enough electricity to power 1.3 million homes. Some of the turbines have already been ordered from GE (GE - Cramer's Take - Stockpickr). In past months, energy traders have harnessed the hype surrounding public forecasts of high oil prices by Pickens and financial institutions such as Goldman Sachs to send oil futures higher. Oil bulls were unable to replicate this in Tuesday's trading session at the New York Mercantile Exchange; West Texas crude earlier fell more than $5 a barrel to under $137. Previous « 1 2 » Next thestreet.com