Treaty Energy Corp. (fka TECO)

[caprock]

There is not much demand for oil and refined products at the moment. Could that change, of course so. But not in the short term. We are drowning in oil and refined products at the moment. Which doesnt bode well for Treaty.

Personally, i dont have much faith in T Boone.

The large hedge fund run by Texas energy king T. Boone Pickens has lost $1 billion this year. He bet that oil would go up. Instead, it went down. That makes his push for wind power and the use of natural gas to run cars look a little silly.