Pickens: Oil to Return to Record by End of 2008

Wednesday, September 03, 2008 | 03:00 AM

Billionaire hedge-fund manager Boone Pickens, founder and chairman of Dallas-based BP Capital LLC, talks about federal tax credits and transmission challenges for the wind-power industry, the "Pickens Plan" and the outlook for oil prices and production. Pickens, 80, unveiled a national energy plan last month that relies on domestically produced natural gas and wind power to cut U.S. dependence on foreign oil.


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00:00 Tax credits for wind-energy industry
01:30 Transmission challenges for wind power
03:46 Natural-gas prices and extraction technology
04:28 Outlook for oil production and prices
06:07 Consolidation within the oil industry
Running time 06:35


Pickens Expects Oil to Return to Record by End of 2008
Bloomberg, August 27, 2008 18:42 EDT

Wednesday, September 03, 2008 | 03:00 AM | Permalink | Comments (12) | TrackBack (0)
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Hi Barry, will you consider this US dollar negative? I wonder what your views are on the relation between the rising price of oil and the US dollar and other currencies?

Posted by: diana | Sep 1, 2008 4:53:43 AM

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