Big Profits Dead Ahead: $115 oil by the year end says T.Boone Pickens

Posted by T. Boone Pickens via Bloomberg

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One of the most famous oil price forecasters BP Capital’s T. Boone Pickens talks about the prices for natural gas and oil. He speaks with Trish Regan on Bloomberg Television’s ‘Street Smart.’

For Mr Pickens sub-$100 oil prices for Brent Crude marked the bottom of the sell-off and the only way is up, though he sees the US president manipulating the WTI price with the release of strategic reserves this autumn. Brent Crude is broadly the price the Middle East earns from exports.

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