On December 21, 2007 the price of oil was in the $90 range. As we recorded “Outlook 2008” on that day I predicted a price of $140-150 by mid-year. And, yesterday on June 26, 2008 I was proven right, as oil climbed above $140 for the first time.
Looking ahead, let’s put to rest [...]

I am always interested when Matt Simmons, author of Twilight in the Desert, appears on the TV and comments on future oil prices. He is an oil analyst with a penchant for telling the truth rather than spinning either overly optimistic or pessimistic stories about peak oil (the day we will have used half [...]