Matthew Simmons does not think oil demand has dropped much, despite the current low prices.
And he sees problems ahead as oil and gas companies cut back on production efforts.
This could lead to a supply shortfall and a skyrocketing of oil prices in the near future.
Fortune Interview with Matthew Simmons
Friday, December 19, 2008
Matthew Simmons: No Way did oil demand plunge
Posted by
Clifford J. Wirth, Ph.D., Professor Emeritus, University of New Hampshire
at
Friday, December 19, 2008
Labels:
oil demand,
oil prices,
oil production,
peak oil
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