Watch the latest video at video.foxbusiness.com.
T. Boone Pickens has been through more booms and busts in the oil market than anyone else alive.
He sees oil going back to $100 per barrel within the next 12 to 18 months.
Pickens believes that the oil price has cratered in large part because of oil demand in 2014 falling considerably short of expectation.
With the new low oil price, Pickens sees demand rising rapidly.
On the supply side, he sees shale producers rapidly laying down drilling rigs.
Here is the link to the full video:
http://video.foxbusiness.com/v/3971865639001/t-boone-pickens-take-on-oil-in-2015/?#sp=show-clips
