Energy guru T. Boone Pickens has said several times that we would see $70 oil by the end of this year.
He is now admitting that this may have been a bad call, and currently has no exposure to WTI.
He believes $70 WTI is coming, and while it might not be here by December, he does think that it will arrive by June.
Boone Pickens said he would not short oil at this price, and does not believe it will go below $40 per barrel.
