When you look at a commodities market you need hedgers and speculators. If you don't have one, you don't have a market. That's how it works.

By October 9 2008 the price plummeted back below $85 per barrel. On January 22 2007 Pickens donated $5 million to The University of Texas at Dallas to fund educational and research initiatives in the area of brain science. At age 12 Pickens delivered newspapers.

4 billion he is ranked by Forbes as the 328th-richest person in America and ranked 879th in the world. (born May 22 1928) known as T. Thomas Boone Pickens Jr.