T. Boone Pickens, Jr., appeared on CNBC this morning. The CEO of BP Capital told CNBC’s Becky Quick that he is still long on crude oil and natural gas.

CNBC: When we talked to you last, you were long on crude oil, and you were long on natural gas too, I believe. We’ve seen a really big turnaround. Did you- I know you said that when it turned, it was going to turn fast- but, did you anticipate that turn before, or did you change your positions?
PICKENS: My positions are not as big as they were, but I’m still long.
CNBC: You’re still long oil, so you’re still thinking it goes up from here?
PICKENS: Well, I don’t know, I think you could still pull back some.

You can view the 7 minute 16 second segment here (video two).

Source:

Boone Pickens Interview
CNBC, August 8, 2008

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