• 30 Oct 2008 at 8:19 AM

Pickens: Oil Going To $100. No, I’m Totally Serious This Time!

By Equity Private

southpointwindfarm.jpgAnd it has nothing to do with my investment in wind power. No. Seriously. Nothing. It is going to the sky. Seriously. Like, sometime next year. Without a doubt. Be ready, this time. Better buy wind now, before its too late. This time for real. Yeah, yeah, it was on CNBC. So what? They were the only people who take my calls anymore. That’s how much of a contrarian I am.
(Oh, yeah, and I’m totally out of the market. That’s how sure I am).

Pickens: I’m On Sidelines … $100 Oil in 2009 [CNBC]

Comments (14)

  1. 1
    Posted by StillNoCouch | October 30, 2008 at 8:26 AM

    I don’t think $100 a barrel is too far of a stretch for the long-haul starting early next year … not too far out of what can be expected.

  2. 2
    Posted by guest | October 30, 2008 at 8:47 AM

    second

  3. 3
    Posted by guest | October 30, 2008 at 8:49 AM

    N.A.S. Keflavik boi agrees! the oily IS definitely going north of a hundred. Step to the TBP and ya better bring a baggie for ya teef.
    Broad & Beaver, son!

  4. 4
    Posted by guest | October 30, 2008 at 9:03 AM

    Wait, a diminishing commodity that wars have been started over and nations depend on that’s also getting significantly more expensive to produce and is now at 40% of it’s peak value might significantly rise again? I don’t believe it.
    Oh yea, we’re in a recession so suddenly everyone’s going to stop driving and heating there homes.

  5. 5
    Posted by EricM | October 30, 2008 at 9:03 AM

    Must be that 30% reduction in demand he thinks he’s gonna get from CNG.

  6. 6
    Posted by Seaman Bodine | October 30, 2008 at 9:06 AM

    we’re going to all die someday too

  7. 7
    Posted by guest | October 30, 2008 at 9:26 AM

    well semen, what about today?

  8. 8
    Posted by guest | October 30, 2008 at 9:33 AM

    seaman bondage thanks for the amazing and relevant insight – hope this is your day

  9. 9
    Posted by guest | October 30, 2008 at 9:42 AM

    I would blow John Arnold to get into John Paulson’s pants
    - Girl

  10. 10
    Posted by Suits | October 30, 2008 at 9:45 AM

    Wind power’s not really dependent on the price of oil. It is more related to the price of NG, which is of course related to the price of oil, but even then the link is weak. Pickens stated this morning that there was a strong link, which is true in Texas where he is doing all his work, but not so much in the rest of the country. And $6 gas is just fine to encourage renewables.

  11. 11
    Posted by guest | October 30, 2008 at 10:19 AM

    eleventh

  12. 12
    Posted by guest | October 30, 2008 at 10:32 AM

    He’s out of the market but he predicts higher prices. Does that even make sense for an oil bull? He was wrong 3x already on his calls. GL!
    http://www.weeklyta.blogspot.com

  13. 13
    Posted by Seaman Bodine | October 30, 2008 at 10:54 AM

    @8 – you chillin’ at the coffee bean or sbux today?

  14. 14
    Posted by NAS Keflavik boi | October 30, 2008 at 1:32 PM

    @ 6 — Apart from a few amusing ditties in Gravity’s Rainbow, Pynchon Blows Syphilitic Goats.

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