No, he really didn't say T-Boned, that was my interpretation. Finally, T. Boone Pickens appeared on CNBC this morning, and he said we will see $75/bbl oil before we will see $50. I not only trust T. Boone's judgment, but he speaks with a straight forwardness we do not hear very (ever) often from Wall Street.
If oil prices do in fact run up right after the November elections, we will have confirmation that the oil cartel, among others, have the power to manipulate our daily lives and we can do very little about it. As an American, I hope oil prices remain low. As an investor, I am positioned to profit if oil prices rise.
