Pickens sees increase in oil prices as economy recovers

10/7/2009 | CNNMoney

Oil tycoon T. Boone Pickens expects the price of oil to increase as the economy recovers this year. Oil will hit $75 a barrel by the end of this year, and $85 a barrel by the end of 2010. Pickens warned that oil could hit $300 a barrel in 10 years unless climate-change legislation, currently under consideration by the Senate, is passed.

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