RE:T. Boone Pickens.........I've heard from local oi experts that $80 is coming soon........but depsite their 'expert' status, I have no idea how that rationale stands. As soon as oil flirts with $60-$65, the US starts drilling out their shale plays driving up supply, and driving down prices.
I can't for the life of me see how oil will stabilize above $55 for the next couple of years.