mr. druckenmiller does not just invest in markets. s a major supporter of various politicians including governor chris christie. esther druckenmiller spoke with -- mr. druckenmiller spoke with stephanie ruhle about 2016 presidential election. stephanie: we just heard from a politician who you supported in the past, chris christie, about entitlement reform. does chris christie have a chance at anything anymore? stan: he is a tremendous talent. tremendous communicator. that speech he gave today, what guts? we will see how it plays out. if there is anybody who can deliver that message, it is chris. stephanie: you believe in entitlement reform will be an important theme in the to the 16 election? -- in the 2016 election? stan: no. stephanie: does that disappoint you? stan: a year or two ago i thought we had an incredible window when the sequester fight was there. that is why i was so vocal at the time. you shrug when you think you can have an impact. -- you strike when you think you can have an impact. the kids did not seem to stay excited

mr. druckenmiller: i am pretty optimistic on crude prices. they are going to do better than the forward curve. well, because as my produce a sack schreiber said a year ago, the cure for high prices is high prices. well, he would also say now the cure for lower prices is low prices. stephanie: what does that mean? mr. druckenmiller: it means prices that $50 have caused a lot of behavior in future production, expiration budgets, that it should remise clear up the supply-demand by early 2016. and i think that is very different than the world is sinking. alix: david, what do you think about that? do you agree? david: that is a very powerful voice that deserves a lot of respect. we are underway to be energy sector. we would wait for this to clear. it is not clear how much more global supply occurs if iran and iraq pump. it is not clear how the geopolitical risk sorts out nigeria. and it is not clear if venezuela. new regime, what is the first thing they do? they take 300,000 or 400,000 barrels a day come up with them on tankers, run them across th

long-term decisions -- we have heard from larry fink and stan druckenmiller that ceo's are not making long-term decisions for the help of their company. mrtakes you back to the 1980's when we took over gulf oil. the price had not been over $35. we took it to $85. stephanie: but you are a long-term investor. a lot are not. mr. pickens: they are in there in best thing. they have good ideas and all. it's not a bunch of lazy guys. there are some. you've got carl icahn out there. what is it, steve cohen and those guys. they will jerk you around a little bit if they see great values you are not getting for the shareholders. c i madearl -- i made carl met the other day. the new york times called him an activist. i said back when i get it they called us razors. now they are activist shareholders. i said he made more money for a company than any ceo that i have known anywhere. he is a moneymaker, serious man. i said he was about as smooth as stuck on a bathtub. he called me. stephanie: what did he say? mr. pickens: how would you like to get into a stucco bathtub? stephanie: i do not want to get into a stucco bathtub with carl opr alone, ever. and