#7 in the "Absolute Worst Predictions of 2008": "I think you'll see (oil prices at) $150 a barrel by the end of the year" -- T. Boone Pickens, June 20, 2008
Oil was then around $135 a barrel. By late December it was below $40. My comment: This does not in any way prove that the price of oil is not being manipulated by insiders. At best it proves that T. Boone is NOT an insider. But more likely, it proves that he is playing a small part in the larger scheme - of which he was not fully appraised. I suspect he lost more money percentage-wise than the average-Joe. ... for the time being... ________________________________ From: Jed Rothwell This fellow T. Boone Pickens has a wonderful name but he has been making some technical errors which detract from his claims.
