12.11.2010 - Oil may hit $100/bbl next year, Pickens says
From Indiatimes.com: Oil prices will rise to between $90 and $95 a barrel next year and may even spike to $100, Dallas-based energy investor T. Boone Pickens forecast on Thursday. Pickens, who has been campaigning to wean US consumers off foreign oil and get them to shift to locally plentiful natural gas as a transportation fuel, made the oil price forecasts in a monthly report, which estimated that expenditure on US oil imports during October topped $28 billion. .............................................Full Article: Source
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