Simmons Says $100 a Barrel Oil Is `Remarkably Cheap'
(Bloomberg) -- Matthew Simmons, chairman of Simmons & Co. International, and Jan Stuart, oil economist at UBS AG, talk with Bloomberg's Pimm Fox about crude oil's rise to $100 barrel today, the outlook for oil prices and prospects for alternative energy. Oil rose to $100 for the first time in New York as record global fuel consumption threatens to outpace production.
Channel: News & Politics
Uploaded: November 30, 1999 at 12:00 am
Author: scribeman77
Length: 09:47
Rating: 4.50
Views: 940
Tags: crisis hubbert investing news oil peak survival surviving theory
Video Comments
|
FriedDaisy (November 30, 1999 at 12:00 am)
I heard some good news two days ago. A barrel of sweet crude had dipped below $100 per barrel for the first time since April. When I left for work yesterday afternoon I expected to be able to fill up my tank for less than I might have the day before, but shockingly the gas station where I usually buy gas had increased it's prices more than 30 cents over night! The day before it had been $3.74, and yesterday morning they raised it to $4.09.
What the heck is going on?????
tsharpoon (November 30, 1999 at 12:00 am)
Please call our Prime Minister Stephen Harper and tell him about Matt Simmons. Simmons is the person that Canada should be listening to; not just the politicians - everyone interested in oil prices. |
|
