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Re: sutra post# 82063

Thursday, 04/01/2010 10:53:18 AM

Thursday, April 01, 2010 10:53:18 AM

Post# of 111729
T Bone Pickens about oil and ng on Bloomberg now and talking about demand for oil will soon pass the ability for supply, price of oil definitely will be going up as demand outpaces supply. Also talking about need for clean energy; wind, biofuel, etc.(along with more drilling) here in USA. Something like 85 billion gal of oil capability for getting it, and it will soon be 87 billion gal needed on supply side. He stated this is not speculation, just facts. Oil price up, demand for other sources here in the US up and will in the near future come to pass.