Thursday, March 30, 2006

Boone Pickens on CNBC 03-30-2006.

CNBC via MSN Video: Boone Pickens.

Mr. Pickens comments we'll likely see $75 before $60, which again suggests to me that he believes that OPEC will successfully defend $60 if necessary, as well as the idea that it's likely something is going to go wrong somewhere: hurricanes, Nigeria, Iran, Iraq, pick your poison.

He makes an interesting suggestion that we go to a global price for gasoline, like we have for crude oil, perhaps via taxes. He's in Washington, maybe he's talking some sense into them down there.

But man, the US sees $6 gasoline as in Europe, and GM and Ford are in a heap of trouble. Okay, an even bigger heap of trouble than they are in now.