Billionaire investor T. Boone Pickens, who cemented his fortune with bets on oil companies, said the price of oil would likely hit $75 dollars a barrel by yearend as demand revives. The octogenarian corporate-raider-turned-hedge-fund-investor also mused about politics, saying he has put his money on former Florida Governor Jeb Bush. At age 86, Pickens packed a ballroom at the annual SkyBridge Alternatives Conference, or SALT, where hedge fund managers and investors are meeting to talk markets and politics and later held court for a group of journalists.