Dallas Morning News | News for Dallas, Texas | Business

Dallas Morning News | News for Dallas, Texas | Business

My T-Bond moniker was a take off on T. Boone Pickens. I just noticed that last Wednesday, T. Boone. said oil is headed toward $50. He went on to say that he does not see world wide production getting far above 85 million barrels per day.

I sure hate to bet against T. Boone. but if he is counting CTL and GTL then I think he is way off. Anyway, in the shortrun, I will be happy if his $50 target comes true. Another 14% or so decline on top of what we already have seen would be good for a lot of folks.