Simmons Says $100 a Barrel Oil Is `Remarkably Cheap’: Video

January 2 (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.