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
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?