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| Why Gas Keeps Rising? T. Boone Thinks He Has the Answers - June 3, 2009 |
Today, News 9 out of Oklahoma City, Oklahoma, interviewed T. Boone Pickens to discuss why the gas
prices continue to rise in a low demand recession era. Pickens told the news network that he does not
expect prices to decrease anytime soon. He said that the issue is the importing of oil and our dependence
of oil. Pickens said that we need to bring more alternative energy through the Pickens Plan.
Pickens said that he expects consumers pay $3 per gallon by the end of the year. Additionally, he is
worried that foreign oil will continue to cut supply, which will further raise the price. Pickens, however, is
very optimistic pushing for his Pickens Plan, and he said that he believes the government is on board with
him.
The problem with the whole situation is that foreign oil is going to remain for the time being, even with
future expectations of changing to a different Plan. It looks like for the time being, the Pickens Plan just will
not be enough. Oil and gas will keep rising.
The Oxen Group is not affiliated with T. Boone Pickens, BP Capital Management, or any of their affiliates.
prices continue to rise in a low demand recession era. Pickens told the news network that he does not
expect prices to decrease anytime soon. He said that the issue is the importing of oil and our dependence
of oil. Pickens said that we need to bring more alternative energy through the Pickens Plan.
Pickens said that he expects consumers pay $3 per gallon by the end of the year. Additionally, he is
worried that foreign oil will continue to cut supply, which will further raise the price. Pickens, however, is
very optimistic pushing for his Pickens Plan, and he said that he believes the government is on board with
him.
The problem with the whole situation is that foreign oil is going to remain for the time being, even with
future expectations of changing to a different Plan. It looks like for the time being, the Pickens Plan just will
not be enough. Oil and gas will keep rising.
The Oxen Group is not affiliated with T. Boone Pickens, BP Capital Management, or any of their affiliates.
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