Boone Pickens Quotes

You have gasoline in Europe at $5, and in the United States at $2.20. Eventually, it's going to have to move up. ... I do think you're going to see gasoline prices move up to $3 within a year from now.

- Boone Pickens

Tags

Gasoline | Europe | United | States | Eventually |

comments powered by Disqus

Random

[Just about the only thing about which both sides agree is that the recent run-up in oil prices, which began well before Hurricane Katrina, has been caused because demand for oil - spurred by growth in China, the generally healthy economic condition of the Western world, and other factors - has caught up with supply.] The world produces about 85 million barrels a day, ... That's where demand is now, too. And I've seen forecasts that demand is going to be higher than that by the end of the year. - Boone Pickens

Let me give you a number that is pretty shocking when you hear it. The world uses 30 billion barrels of oil a year. There is no way we're replacing 30 billion barrels of oil. Just a million barrels a year is 1,000 wells producing 1,000 barrels a day. That's big. - Boone Pickens

You could work up to that level, $90 to $100 a barrel, in the next two years. It could go to $90 or $100 a barrel pretty quick if something went haywire. - Boone Pickens