February 04, 2007 01:59 pm
Simmons Says Global Oil Supply Has Peaked; Sees Oil Up to $300
Feb. 1 (Bloomberg) -- 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)
I hope it happens well before 2011!