Wednesday, December 24, 2014

Boone Pickens On Oil Prices

2 comments:

Glynn Kalara said...

I agree, Pickens is a very smart guy and one thing the man knows is the Oil /Energy business. This drop is like all oil moves artificial and once supply comes back into line with demand the price will once again rise. Frankly, as much as I along with everyone else is enjoying some relief at the pump this Xmas it needs to go back over $100 a barrel in the long run so that we can continue on the path to renewable s and a large system change.

Jim Sande said...

Yea he knows his stuff, like oil or not. As we know, cheaper oil prices lead to gas guzzling cars, right now everyone's driving around in a big ole SUV. Higher prices makes people that can afford to, switch to better mileage vehicles. Having said that, I personally doubt that any of this at this point changes the uncountable mechanisms that are already in motion surrounding more CO2 in the atmosphere.