The Oil Drum

29 comments on November Statistics Updates

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JD on February 7, 2006 - 8:13am

Boone makes a new "prediction" each time production rises:

"Never again will we pump more than 82 million barrels."
-- T. Boone Pickens, 9th August 2004. On the Kudlow and Cramer Show, MSNBC.
http://www.monbiot.com/archives/2004/08/23/living-with-the-age-of-entropy/

"Global oil [production] is 84 million barrels [per day]. I don't believe you can get it any more than 84 million barrels."
-- T. Boone Pickens, addressing the 11th National Clean Cities conference in May 2005.
http://www.peakoil.net/BoonPickens.html

"I don't believe that you can increase the supply beyond 84 or 85 million barrel as day."
-- T. Boone Pickens, on "CNN In the Money", June 25, 2005.
http://transcripts.cnn.com/TRANSCRIPTS/0506/25/cnnitm.01.html

"Supply is--you`ve just about had it on supply; 85 million barrels a day world supply is about it. "
-- T. Boone Pickens, on Hardball with Chris Matthews, MSNBC, Aug. 26, 2005
http://www.msnbc.msn.com/id/9118826/

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Oil CEO on February 8, 2006 - 1:33am

JD - this is an excellent post. I wish you would post this again the next time "predictions" come up. It always fascinates me how once a guy makes his name in the business, he can jabber about anything and be completely wrong, and yet the media will continue to harp on their every word.

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