Boom Pickerings:- $200 oil if Iraq goes down........

[Mega]

Re: Boom Pickerings:- $200 oil if Iraq goes down........

That's the one...........Thanks
Mike

[GRG55]

Re: Boom Pickerings:- $200 oil if Iraq goes down........

I think this is the link to the story: http://www.cnbc.com/id/101758339




Without Iraq's oil, prices could hit $150-$200: Pickens

Michelle Fox | @MFoxCNBC
Friday, 13 Jun 2014 | 2:41 PM ETCNBC.com

If Iraq's oil supply goes offline, crude prices could hit $150-$200 a barrel, T. Boone Pickens, founder of BP Capital Management, told CNBC on Friday.
"That's where you have to kill demand with price. That's the only way you can do it, because oil won't be there," Pickens said in an interview with "Street Signs."

Crude hit a nine-month high Friday as fears intensified over the conflict in Iraq and its potential to disrupt country's the oil supply. U.S. crude—West Texas Intermediate (WTI)—hit a session high of $107.68 a barrel early Friday. Brent rose to an intraday high of $114.69.

President Barack Obama announced Friday he would not be deploying any ground troops in Iraq, and stressed that any other action would take several more days of planning. Insurgents have seized cities in northern Iraq and are only about 40 miles from Baghdad.


Andrew Harrer | Bloomberg | Getty Images

Pickens said long term, "there is plenty of oil around the world" and believes the U.S. can find the solution in a North American energy alliance with Canada and Mexico.
The U.S. produces 8 million barrels of oil a day, but uses more than 18 million barrels a day.

"We have the solution in North America if we just had the leadership in Washington to step up and say, 'let's make a deal,'" he said.

Pickens also called the lack of a decision on the Keystone XL pipeline "incredibly stupid on our part." The pipeline would connect Canada's oil sands to Texas refiners.

"Take the Keystone, wrap up North America and you are in really, really very, very good shape," he said.

—By CNBC's Michelle Fox

What happened to all the windmills he was going to build across Nebraska? Now he wants an oil pipeline?

[EJ]

Re: Boom Pickerings:- $200 oil if Iraq goes down........

What happened to all the windmills he was going to build across Nebraska? Now he wants an oil pipeline?

Pickens abandoned the windmill tilting for party line Fortress America PCO strategy beginning Jan. 2011:

1) Feed oil from U.S. neighbors from the north and south into the US, add ramped-up US production, reduce non-American continent imports to zero.
2) Leave the Europeans and Asians to Russian, Middle Eastern, and African oil.

[Mega]

Re: Boom Pickerings:- $200 oil if Iraq goes down........

You mean like:-

[Mega]

Re: Boom Pickerings:- $200 oil if Iraq goes down........

BTW I keep hearing how "America is finished"..........America is NOT!
Empire America IS finished...........the Anglo-saxon attempt to win the "Great game" is finished.........but not America.

She has resources/Tec/+5,000 tons of Gold!

Mike

[Polish_Silver]

Re: Boom Pickerings:- $200 oil if Iraq goes down........

BTW I keep hearing how "America is finished"..........America is NOT!
Empire America IS finished...........the Anglo-saxon attempt to win the "Great game" is finished.........but not America.

She has resources/Tec/+5,000 tons of Gold!

Mike

That is how I think about it. The English "man in the street" was much better off when they gave up trying to run the world.

If we could only get a cost effective health care system.