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  • Why Oil and Gold Are Headed Much Higher
    $225, ya right.
    Oct 20 13:50 pm |Rating: 0 0 |Link to Comment |View article
  • T. Boone Pickens on Yahoo and the Price of Oil
    Something else for you to ponder FreeEnterprise:

    If you go to Boone’s website, and see his goal of displacing that amount of foreign oil with “alternatives” (which his biggest one is clearly stated as natural gas) , we’d already be there. What’s even more absurd in the energy debate is the fact that Boone also correctly states on his website that every one of his giant wind turbines produces energy equivalent to just 12,000 barrels per YEAR; yea per YEAR, not per day. That equals the equivalent of 32 barrels per day per windmill, nearly equal to a stripper well in America today. That means you’d need 31,250 giant wind turbines 24/7 year round in constant wind, to equal 1 million barrels per day. What a farce! Where would we put 31,250 wind turbines???? The greenie freaks would scream “Not in my backyard” across America.
    Sep 23 13:29 pm |Rating: 0 0 |Link to Comment |View article
  • T. Boone Pickens on Yahoo and the Price of Oil
    LOL FreeEnterprise, I'm not an idiot, I'm a realist. Those claims made by Pickens are economically not realistic in the near term. There is way way too much invested interest in oil and the current infrastructure to change things immediately. I'm all for weaning ourselves off oil and moving to more enviro friendly alternatives, but I don't think it would happen in the next 20-30 years.

    Besides, your precious T. Boone went long oil in the $140-145 range. Hows that working out for him?
    Sep 05 18:35 pm |Rating: 0 0 |Link to Comment |View article
  • T. Boone Pickens on Yahoo and the Price of Oil
    Energy Independance is election rhetoric aimed at getting votes. Its totally improbable in the near term (ie, 20-30 years).
    Aug 12 16:09 pm |Rating: 0 0 |Link to Comment |View article
  • T. Boone Pickens on Yahoo and the Price of Oil
    You guys have some wild ideas.

    Do you really think drilling in the ANWR is going to produce energy independance? You import 10 million barrels a day. Thats all of the imports from Canada, Saudi Arabia, Venesuela etc. Sorry but the ANWR will never produce 10 million barrels a DAY. You guys are dreaming.

    Real energy independance would take 50 years, 100 nuclear plants and a conversion of all cars from gasoline to another energy source. Sorry fellas, but ethanol isn't the answer either.
    Aug 12 16:06 pm |Rating: 0 0 |Link to Comment |View article
  • The Crude Oil Price Disconnect
    With such large profits at stake, I wouldn't doubt for 1 minute that these huge energy companies have their own trading room full of guys that try to manipulate prices and keep them as high as possible. If Enron could do it why couldn't a multi billion dollar oil company? Its in their best interest.
    Apr 29 14:48 pm |Rating: 0 0 |Link to Comment |View article

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