November 6, 2014

T Boone Pickens: The real problem with oil

Pickens says that the big issue in the energy market isn’t OPEC or the strong dollar; he says it’s supply and he also says domestic drillers are to blame.

“Domestic oil companies need to stop drilling for oil,” Pickens insisted. “We’ve overdrilled oil (in the U.S). Now we’ve gotten ourselves in a spot. We need to slow down.”