When a barrel of crude oil hit $145 in July of 2008, no one predicted that 8 years later it would be trading at less than $50. T. Boone Pickens , among other oil pros, has predicted that oil can now go to $175 under certain conditions first described by Marion Hubbert. Bruce Pile explains what the non-geologist experts are missing, and tells us what he is waiting to see before committing capital to the best values in the energy sector. Bruce started his Marketocracy fund in January, 2001. Since then, his returns have averaged 7.49%, which compares nicely to 5.07% for the S&P 500 over the same period. Before taking anyone’s investment advice, you should always check out their track record. Here’s Bruce’s . T. Boone Pickens (Photo by Slaven Vlasic/Getty Images) Ken Kam: What is your outlook on oil? Bruce Pile: I’ve just written an article on […]