T. Boone Pickens is investing in all angles of the energy play, holding shares of BP (NYSE:BP) and Occidental Petroleum (NYSE:OXY) while pushing the benefits of natural gas, where he holds companies like Chesapeake Energy (NYSE:CHK), Devon Energy (NYSE:DVN) and EOG Resources (NYSE:EOG).
He is also the largest shareholder in Clean Energy Fuels (NASDAQ:CLNE), which focuses on supplying natural gas for vehicles.
Pickens says, “We can get to 8 million 18-wheelers with natural gas in seven years, and that would cut our OPEC oil in half.”
Being very obvious in his pushing of energy in general, as he stands to gain whatever way and pace the market goes and grows, Pickens also said in a recent interview he sees oil rising to $300 a barrel in a decade if the U.S. doesn't change its energy consumption habits.
Whether you agree with Pickens or not, you do have to take things he says with a healthy grain of salt, as he has a huge stake in almost every outcome in the sector, a reason he's been out over the last couple of years being very vocal and available to the media.
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