The Oil Drum | Matt Simmons on Bloomberg: Peak Oil is Now and Oil Is WAY Too Cheap

Matt Simmons on Bloomberg: Peak Oil is Now and Oil Is WAY Too Cheap

Posted by Prof. Goose on February 1, 2007 - 6:01pm
Topic: Supply/Production
Tags: cera, energy, matthew simmons, oil, peak oil [list all tags]

Matthew Simmons, chairman of Simmons & Co. International in Houston, talked yesterday with Bloomberg's Rhonda Schaffler about the need to address energy use, his view that global supply has peaked and the likelihood oil prices could reach as much as $300 a barrel. (Source: Bloomberg)

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