The Fuse

T. Boone Pickens: Oil Prices Have Hit Bottom

by T. Boone Pickens | February 02, 2016

Billionaire oil man and investor T. Boone Pickens predicted on CNBC’s “Squawk Box” that oil prices will rise to at least $52 per barrel by the end of the year. Pickens also discusses the long-term impact of low oil prices on OPEC and Russia, the likelihood of a rapid rebound in shale, and the current dynamics in oil inventories.

topics: oil, Oil Inventories, Oil Prices, OPEC, Shale, Shale Oil, T. Boone Pickens, Video