Hdot: Re oil rpcies in future, anyone read Matt Simmons' "Twilight in the Desert"?
Matt has a 23Aug05 bet with John Tierney of NY Times that oil will hit $200/bbl in the next 5 years.
$10,000.00 been put escrow for winner.
Matt's real message is that we need to change our oil consuming ways so it does not get that extreme. He founded a leading respected petroleum industry investment house in Houston.