Boone Pickens said oil will trade in the $150 range, July 8, 2008, just as oil was falling; it fell $8 in two days; down to $131. But he says oil will stay in $150 range; and he says if supply/demand balances out, could see $100 oil in two years (2010). -- CNBC story.That is a memo in my Yahoo!Calendar that pops up every six months.
So, the answer to a question I posed earlier, one could argue, according to Boone Pickens, is all about supply and demand.
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