Description: As oil prices fall further, T. Boone Pickens says the trend of falling prices could last for up to 18 months, but says the U.S. shale boom can survive — and that he hopes the United States will eventually stop using OPEC oil altogether.

Source: CNNMoney.com – video report

Date: Dec 05, 2014

Link: http://money.cnn.com/video/news/2014/12/05/t-boone-pickens-oil.cnnmoney/

Questions for Discussions:

• Summarize what T. Boone Pickens says about current and future oil prices.
• What would happen to oil prices if US imports from OPEC would continue to fall?