T Boone Pickens Oil Price Forecast

T Boone Pickens’ recent oil price forecast — he sent oil surging last month with a forecast of oil at $150 a barrel by the end of this year. When he’s not making oil price forecasts, Pickens is busy investing in energy. He recently announced that his investment vehicle Mesa Power was putting $2 billion into a Texas wind-energy project, boosting clean energy stocks in the process and delighting the wind-energy lobby. “Not only is Pickens forecasting higher and higher oil prices, but he’s also putting money into new oil companies,” says Ann Sosnowski in Taipan Daily. According to the 13F Disbursement Plan, Pickens just bought Sandridge Energy Inc. (SD:NYSE) in the first quarter of 2008. It just went public in late 2007.