Page added on April 28, 2007
Legendary oilman T. Boone Pickens said Tuesday that global demand will outstrip supply in the fourth quarter of this year, leading U.S. oil prices to rise to $80 or more a barrel.
Pickens would not predict how high beyond $80 oil would go this year or in 2008 but said he was interested to see how long $80 oil will need to be sustained to lessen demand.
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