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Article: United States: Pickens says gasoline prices will spike again, pitches natural gas (and drives a Honda Civic GX to enjoy the HOV lanes).
- Article from:
- TendersInfo
- Article date:
- April 24, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: manish03
RecommendOpen Roader James R. Healey is in Orlando today for at the Alternative Fuels and Vehicles 2009 conference and reports that oil and natural-gas baron T. Boone Pickens predicts "$75 oil by the end of the year." He says oil suppliers will "cut and cut again" to reduce inventories and drive up prices. Oils at about $48 a barrel today and gasolines averaging about $2.06 a gallon. If that math holds, $75 oil = gas in the low $3 range.
In case youve been on Mars for a year, Pickens is the natural gas evangelist buying ads touting it as the clean car fuel of the future. He makes no secret that he owns a ton of it and would get even ...