July 8, 2008: Boone Pickens said oil will trade in $150 range. His prediction came 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).Boone was talking about WTI, I assume. So, all this talk about the high price of oil needs to be put in perspective, I suppose.
On this date, April 8, 2008, WTI was $105, virtually unchanged from today.
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