"Are you telling me Boone Pickens, who runs a billion dollar energy hedge fund, hasn't purchased the detailed data from CERA/IHS? And yet he's going on TV saying: ..."

"Very fishy. I'm telling you, Boone knows the CERA data, and the data Rembrandt put together. He knows oil isn't going to peak until 2012 at the earliest. It strains credulity to think otherwise."

I'm not sure what you're saying--are you implying that Pickens is speaking out this way to push up oil prices?  Or do you think he did it for some other reason?

Also, I'm not convinced Pickens has actually seen the CERA data, or if he has, why should we assume he believes it?  I think there's a good chance he's dismissed it in favor of other information, with or without actually seeing the CERA report.  He's been an oil man for a long time, and he's old enough tha he could very well be, shall we say, a little set in his ways.  

Please understand that I'm not being critical or argumentative here; my intent is solely to point out that we're all guessing about a lot of details, and when we start talking about the motivations of some highly visible people like Pickens, Simmons, Kunstler, or even each other, we're tap dancing on really thin ice.

 


"... and when we start talking about the motivations of some highly visible people like Pickens, Simmons, Kunstler, or even each other, we're tap dancing on really thin ice."

Well said Lou!  The sound/noise ratio really degrades when people start speculating on the motivations of others.  Let's stick to understanding the concepts and data being put foreward and maybe we will all learn something.

Keep in mind that Pickens is 77 years old. I don't mean to disrespect the man, but I wouldn't try to read to much into the details of what he says. There are a lot of reasons that people that far advanced in their lives and their careers may say things that don't necessarily make sense to outsiders.