Speakeasy forum

General discussion

Boone Pickens: $3/gal gas? + Canada's oil sand.

by Angeline Booher / January 22, 2006 11:41 PM PST
NEW YORK (CNN/Money) - Gasoline prices, reversing a two-month slide, are again approaching records and at least one expert thinks they could hit $3 a gallon soon in the United States.

"We'll see it within a year," T. Boone Pickens, head of the billion-dollar hedge fund BP Capital Management, said on CNN's "In The Money" over the weekend.

Pickens noted the discrepancy between $2 a gallon gas in the US and $5 a gallon gas in Europe. "The energy situation is global," he said. "I know there are taxes involved in the pricing...but eventually it's going to have to move up."


http://money.cnn.com/2005/06/27/news/economy/gas_prices/

While the oil reserve numbers for Saudi Arabia are under scrutiny, Canada has recoverable reserves of roughly 175 million barrels. Much of it is in oil sand that is processed profitably at oil prices of $20 or higher. Billionaire oilman T. Boone Pickens thinks that Canada?s oil sand production could reach 6 million barrels a day.

http://www.forbes.com/investmentnewsletters/2005/10/18/canada-china-delfeld-cz_cd_1018soapbox_inl.html?partner=yahootix


I heard Mr. Pickens discussing Canada's oil sand, in which he has personally invested $50 million. he said that he believed Canada had more oil reserves than Saudi Arabia, and that their oil could provide the needs of the USA for 100 years.

(I just can't recall the program, so I don't have a link.)

Angeline
Speakeasy Moderator
click here to email
semods4@yahoo.com
Discussion is locked
You are posting a reply to: Boone Pickens: $3/gal gas? + Canada's oil sand.
The posting of advertisements, profanity, or personal attacks is prohibited. Please refer to our CNET Forums policies for details. All submitted content is subject to our Terms of Use.
Track this discussion and email me when there are updates

If you're asking for technical help, please be sure to include all your system info, including operating system, model number, and any other specifics related to the problem. Also please exercise your best judgment when posting in the forums--revealing personal information such as your e-mail address, telephone number, and address is not recommended.

You are reporting the following post: Boone Pickens: $3/gal gas? + Canada's oil sand.
This post has been flagged and will be reviewed by our staff. Thank you for helping us maintain CNET's great community.
Sorry, there was a problem flagging this post. Please try again now or at a later time.
If you believe this post is offensive or violates the CNET Forums' Usage policies, you can report it below (this will not automatically remove the post). Once reported, our moderators will be notified and the post will be reviewed.
Collapse -
Bit of an understatemant...
by EdH / January 23, 2006 12:05 AM PST
"I know there are taxes involved in the pricing."

No kidding! That's what accounts for the differences from country to country in almost all cases.
Collapse -
He just had a long interview
by Dan McC / January 23, 2006 12:23 AM PST

on NPR the other morning. It might be there.

Dan

Popular Forums
icon
Computer Newbies 10,686 discussions
icon
Computer Help 54,365 discussions
icon
Laptops 21,181 discussions
icon
Networking & Wireless 16,313 discussions
icon
Phones 17,137 discussions
icon
Security 31,287 discussions
icon
TVs & Home Theaters 22,101 discussions
icon
Windows 7 8,164 discussions
icon
Windows 10 2,657 discussions

CNET FORUMS TOP DISCUSSION

Help, my PC with Windows 10 won't shut down properly

Since upgrading to Windows 10 my computer won't shut down properly. I use the menu button shutdown and the screen goes blank, but the system does not fully shut down. The only way to get it to shut down is to hold the physical power button down till it shuts down. Any suggestions?