Oil Crisis To Worsen Over Winter

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

1 minute read

December 12, 2005, 12:00 PM PST

By Brenda Meyer

"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'

Sunday, July 3, 2005 in The Guardian

Energy Transportation World

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