Boone Pickens Says Oil Could Hit $120 a Barrel

Oil prices, now hovering around $100 a barrel, could hit $120, energy financier T. Boone Pickens told CNBC Friday. “Be careful counting on the Saudis,” said Pickens. “[The Saudis] claim they can produce 12 million barrels a day. They won’t let anybody audit the reserves or the production, so you are totally at the mercy [...]