Stockpickr: Checking In With T. Boone Pickens

Fluor stock is also owned by investment guru Ken Heebner. Stockpickr member Mock Portfolio has created a portfolio that contains stocks he thinks will do well in a rate-cut environment, and that includes Fluor.

For the rest of Pickens' new positions, greatly increased positions and sold-out positions, check out his portfolio on Stockpickr.

The Stockpickr Guide to Oil

In addition to Pickens, another big believer in peak oil theory is Peter Thiel, who runs Clarium Capital. His portfolio can also be viewed as a peak oil index. Thiel founded PayPal and sold it to eBay(EBAY Quote) for $1.5 billion in 2002 before starting Clarium. In 2005, Clarium was honored as the global macro fund of the year by both MARHedge and Absolute Return, two hedge fund trade magazines.

Click on the following links for more on oil:

• The Profunds Ultra Sector Oil & Gas ETF.
• Cramer's top five oil picks from his March 12 "Mad Money" TV show.
• The Oil Services HOLDRs (OIH Quote) components most correlated with crude oil.
• The top oil refineries.