Legendary energy investor T. Boone Pickens said he thinks oil prices could touch $120 a barrel, a forecast that is above the $100 per barrel estimate most major banks proffered toward the end of last year. In an interview with the National Journal on Tuesday, Pickens said oil will trade over $100 a barrel this year, not average $100 as many estimates believe, and prices could average between $110 and $120 a barrel, which could result in gas prices of $4 a gallon.
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