Monday, February 23, 2009

T Boone Pickens: Oil Will Be $75 At The End Of The Year



T Boone Pickens, who told The Imus Show in October that in a year oild would be at $140 a barrell amended himself this weekend while speaking to the 2009 National Governors Association (NGA) Winter Meeting. He told the NGA meeting at the conference on Energy Infrastructure, "at the end of the year gas will be up to $75 a year."

Oil, at present, is just above $40 a barrel. With the economic crisis, the idea of an increase in almost 100 percent is startling.

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