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.

How does the speaker view the relationship between OPEC's need for money and their production cuts?

What leadership role does the speaker believe OPEC must take to ensure compliance with production cuts?