BP Capital Management Chairman T. Boone Pickens gives his outlook for the oil and energy market.

A few years ago, fears about declining reserves drove oil prices to new highs. Now, energy abundance is the operative phrase. Oil prices have tanked.

Matthew J. Belvedere Thursday, 19 Mar 2015 Energy entrepreneur Boone Pickens said Thursday he sees $70-a-barrel oil by year’s end, and between $80 and $90 within 12 to 18 months. In an interview on CNBC “Squawk Box,” Pickens said U.S. producers are in the process of rebalancing the market—pointing to the decline rig count in … Continue reading Boone Pickens: Why I see $70 oil by year’s end →

March 18, 2015 3:53 pm T. Boone Pickens says US shale industry must cut output By Barney Jopson T. Boone Pickens, the influential Texas oil billionaire, said the US shale industry has “overproduced” and must cut back to lift the crude price rather than waiting for Saudi Arabia to lower its output. The legendary trader … Continue reading T. Boone Pickens says US shale industry must cut output →

To my friends in Calgary and across Canada: I apologize on behalf of my fellow Americans for the United States government’s actions.

For all his talk about the future, President Obama’s decision to veto the Keystone pipeline shows a dangerously short-sighted view on energy.