by RedStateGreen » Fri 27 Mar 2009, 10:31:20
$this->bbcode_second_pass_quote('AAA', '')$this->bbcode_second_pass_quote('PenultimateManStanding', '')$this->bbcode_second_pass_quote('AAA', 'S')o this is what happens when oil prices collapse and peakoil is postponed a few years.Cool
Matthew Simmons has gone on the record stating that we will have another major run up of oil prices within 9 months from now. If the true situation is anything like what he suggests then this would be like that moment in the movie
Titanic when the ship cracked in two and the stern fell back to horizontal. A momentary illusion that things are back to normal. Imagine, if you will, how people would react if the financial and economic problems just kept getting worse and suddenly oil goes up to $200/bbl. People would freak out.
Not to get into an argument but he also said we would see $300/bbl by now. I think he needs to work on his timing.