Boone Pickens, Texas oilman and chief executive of BP Capital, told CNBC’s “Squawk Box” that he expects oil to hit $80 a barrel before he turns 80 next May.
“I think there’s a little bit too much oil around right now,” Pickens said Friday. “I think you could fall back to maybe $67, $68 [per barrel]…. I think it’s a possibility. But that is going to move on up."