Should We Listen to Boone Pickens on Oil?

I love Boone Pickens.  He has had a remarkable career, his philanthropic efforts are far reaching, and the Pickens Plan offers a great future for our country. 

There's just one problem with his repeated claim that oil won't go below $100 a barrel.  He has a severe conflict of interest.  Those who are banking on this man's crude oil forecasts are at risk because of it.  Like clockwork, Mr. Pickens appears on CNBC when oil has a big down day to tell everyone that oil will be headed back up.  On Tuesday his rationale was that it's fun for OPEC to make billions and billions of dollars.  He predicts they will cut production to maintain the high price.