Bakken.com | Pickens: Oil Will Rebound to $70 by Year-End Newsmax Oil has plummeted 60 percent since late June, falling to a six-year low of $42.75 a barrel Thursday amid sluggish demand and bountiful supply. But legendary energy entrepreneur T. Boone Pickens doesn't think the bad times will last for black gold. Boone Pickens: Why I see $70 oil by year's end |