| 09.12.2008 - Oil is unlikely to fall below $40 a barrel |
| From Bloomberg: Oil prices, which have fallen 70 percent since July, are unlikely to fall below $40 a barrel, billionaire hedge-fund manager Boone Pickens said today. “I don’t think you will stay at that level very long because you are going to start shutting down a lot of projects,” he said at a press conference in New York. “It will be obvious we can’t sustain anything like that.” .... Full Article: Source |