http://www.cnbc.com/id/102623836 Energy entrep

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Energy entrepreneur Boone Pickens said on Monday that he is standing by his call that oil goes higher this year and higher next year.

"You are now at record inventories," he said in an interview with CNBC from the Milken Institute Global Conference. "A year from now you are moving toward record low inventories."

Pickens predicts $70 per barrel of oil by the end of this year and prices in the $90 to $100 range in the next 12 to 18 months.

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