BP Capital CEO Boone Pickens thinks we'll see $150 oil before the end of the year. He also bought 10 million shares of Yahoo, following his friend Carl Icahn into the deal.
He also believes demand destruction in oil due the US slowdown is a non-issue, as the rest of the world is compensating for any drop in US demand. Boone also made an interesting point about oil and gas being subsidized in many parts of the world, and thus not as sensitive to price increases.
CNBC Video
Subscribe to:
Post Comments (Atom)
Most Popular Articles This Month
-
This Thursday, we're co-hosting a free "trading training" webinar with our colleagues at TradingWins.com . Our goal is ...
-
This article was originally published on my new site and newsletter, Contrarian Profits . The panic selling in precious metals is givin...
-
The gold standard these days has been reduced to a distant memory and fantasy of hard money proponents. IF we returned to a gold standard, ...
No comments:
Post a Comment