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Pickens Would Tap Half of SPR

Wednesday, 26 Sep 2012 | 4:13 PM ET

What's behind oil's freefall, with Boone Pickens, BP Capital founder. "We have enough oil, we've got 750 million barrels in the Strategic Petroleum Reserve. I would start looking at that to take maybe half of that out of there," he says. "We don't need to store that much oil."