Boone Pickens, who has made millions predicting energy prices, said American consumers shouldn’t expect to see cheaper gasoline anytime soon, and shortly could be paying quite a bit more.
“We’re going to see $4 gasoline this summer,” Pickens said. And motorists likely never will pay less than $2 for a gallon of gasoline, the Texas energy investor said.
Pickens, an Oklahoma native who founded Mesa Petroleum in 1956 and now runs energy investment funds, appeared at a luncheon Tuesday before business leaders to discuss the energy industry’s support of fine arts. Strife in several oil-producing nations could constrict supplies and send prices soaring, Pickens said. Meanwhile, there is little that could boost supplies and cut prices, he said.
“You could wake up and have $80, $100 (a barrel) oil faster than you can say, ‘Jack Robinson,’” he said.
“We’re going to see $4 gasoline this summer,” Pickens said. And motorists likely never will pay less than $2 for a gallon of gasoline, the Texas energy investor said.
Pickens, an Oklahoma native who founded Mesa Petroleum in 1956 and now runs energy investment funds, appeared at a luncheon Tuesday before business leaders to discuss the energy industry’s support of fine arts. Strife in several oil-producing nations could constrict supplies and send prices soaring, Pickens said. Meanwhile, there is little that could boost supplies and cut prices, he said.
“You could wake up and have $80, $100 (a barrel) oil faster than you can say, ‘Jack Robinson,’” he said.
