Pickens Sees $60 Per Barrel of Oil in Next 30 Days

The transcript discusses OPEC's announced production cuts and their potential impact on oil prices. The speaker expresses confidence in OPEC's ability to execute these cuts, predicting a rise to $60 per barrel within 30 days, provided OPEC adheres to its commitments. The discussion also explores future oil price scenarios, including the possibility of reaching $75 per barrel in 2017, while acknowledging OPEC's historical challenges with compliance. Saudi Arabia's significant role in leading these efforts is highlighted as crucial for the success of the production cuts.

What is the speaker's forecast for the price of oil if OPEC adheres to its production cuts?

• $50 per barrel

• $60 per barrel

• $70 per barrel

• $80 per barrel

In 2017, what price does the speaker believe oil could reach, despite not expecting $100 per barrel?

• $85 per barrel

• $65 per barrel

• $75 per barrel

• $95 per barrel

What has been a historical challenge for OPEC in maintaining production cuts?

• Political instability

• Lack of demand

• Technological limitations

• Inability to comply with agreed cuts

Which country is highlighted as a leader in the production cuts, according to the speaker?

• Russia

• United States

• Saudi Arabia

• Canada

What is a key reason for OPEC and Russia to adhere to the production cuts?

• Financial necessity

• Technological advancements

• Environmental concerns

• Political alliances