Tuesday, July 14, 2009

PickensPlan: Fact of the Day - July 14, 2009

“This forecast has not become reality yet, given that the [credit] crisis gained momentum and exerted a powerful impact on the global energy market. But does this mean that our forecast was unrealistic? Not at all.”  Alexei Miller, chairman of the Russian energy group Gazprom, reiterating his prediction of $250 a barrel price for oil.