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rossi

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rossi

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Wednesday, 01/04/2006 4:34:41 AM

Wednesday, January 04, 2006 4:34:41 AM

Post# of 1820
Former energy advisor predicts $250/barrel oil
By Jon Nones
03 Jan 2006 at 12:58 PM

The former energy advisor of U.S. President George W. Bush, Matthew Simmons, has predicted oil prices could reach as much as $250 per barrel over the coming years, citing an imminent shortage of supply and a growing global demand, especially in China and India.

"We have to expect an oil price between $200 and $250 per barrel," Simmons was quoted as saying on Tuesday in the January issue of the German-based Capital economic magazine


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