Sunday, January 30, 2005

Matt Simmons: Oil market will surprise in 2005

While most oil analysts have been predicting lower oil prices this year--they predicted them last year, too--Houston investment banker Matt Simmons keeps beating the drum for higher prices. In a recent slide presentation, he outlines his reasons which include high demand and continuing high depletion rates. The story for gas looks pretty much the same. Simmons still believes world peak oil production may be nearer than anything thinks.

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1 comment:

FatherofFour said...

You are invited to join the Peak Oil Webring from the link on my blog.

I would be honored if you would consider joining up.