ArchivesTag : oil speculation
Simmons on oil in current environment
Matt Simmons, oracle of oil, on CNBC last Friday, July 12, 2008, in the midst of the banking melt down. The most interesting thing in this video is not what Simmons says, though he is more alarmed than usual, but rather how stunned the MSNBC crew appear to be. Most alarming though is the in-house [...]
Full StoryI called it in December 2007 – Oil hit $140 by mid-year
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 one [...]
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