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Oil Crisis To Worsen Over Winter

Posted by: Brenda Meyer

12 December 2005 - 12:00pm

A controversial analyst predicts that oil will reach $100 a barrel in six months.

"After crude surged through $60 a barrel last week, nervous investors were pinning their hopes on a build-up in US oil-stocks to depress prices in the coming months.

But [Matt] Simmons believes surging demand will keep prices bubbling well above $50. 'We could be at $100 by this winter. We have the biggest risk we have ever had of demand exceeding supply. We are now just about to face up to the biggest crisis we have ever had,' he said."

Full Story: Oil 'will hit $100 by winter'
Source: The Guardian, July 3, 2005
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Only 19 More Oil Shopping Days Left for $100 Oil

Submitted by Robert Cote on Mon, 12/12/2005 - 12:24.

Ah yes, the hubris meets the reality. Sweet. No... Light Sweet Crude.

This artile is so old, but I

Submitted by hitchhiker on Mon, 12/12/2005 - 13:02.

This artile is so old, but I wonder if oil really will hit $100 at some point...

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