Monday, July 04, 2005

Oil at $100/Barrel by Winter?

That's what investment banker Matt Simmons is predicting, and his new book Twilight in the Desert: The Coming Saudi Oil Shock and the World Economy claims that, despite what economists and the government say, Saudi oil production probably won't be able to make up the difference in other shortfalls. Simmons is a new name to me, so I Googled him and found this book review on Mother Jones. What makes Simmons' arguments so compelling is that he's an insider...

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