T Boone Pickens “Oil Won’t Fall Below $40/Barrel”

“I don’t think you will stay at that level very long because you are going to start shutting down a lot of projects,” he said at a press conference in New York. “It will be obvious we can’t sustain anything like that.”

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Ken Lewis went even further Monday, saying BofA will maintain its 64-cent quarterly payout because it’s confident of weathering the credit storm. — Kenneth Lewis - CEO Bank of America (BAC) July 2008