[SeaGypsy]

Someone may correct me but from what I've noticed this week oil prices have immediately jumped by 1/3rd more than the Dow in percentage terms. I would guess if this is the trend and we have a new bubble in the credit market oil will respond accordingly. I.e. a 20% jump on the dow will yeild a 30% increase in oil etc. Of course the figures will change and oil could outpace market revival in the short to medium term by an increasing factor beyond this. Either way, this rapid increase in price with the market showing signs of 'recovery', shows that people have figured out that oil is essential for growth.

[outcast]

$this->bbcode_second_pass_quote('mos6507', 'M')att better be careful about sticking his neck out again after what he said last time about $300 oil. If he racks up two or three bad calls he is going to be written off as a complete laughing stock if he isn't already.

[Maddog78]

I think it's highly unlikely we will have a price shock in 6-9 mos.
It's coming all right but certainly not that quickly.
OPEC have an extra 4 million+ bpd capacity that they have shut in since the price collapse.
Resuming that will certainly soften any price peaks.

[jasonraymondson]

Simmons is wrong. You can quote me on that forever. Eventually oil prices will be back around 150, but at the earliest ... next summer.

hell, the idiot probably has his entire portfolio vested in crude and hopes that he scared enough people to jack of the price.

[TheDude]

$this->bbcode_second_pass_quote('bencole', '')$this->bbcode_second_pass_quote('', 'H')e says the cost of rebuilding the oil industry is colossal: "The industry's asset base is beyond its original design life."

[gollum]

$this->bbcode_second_pass_quote('mos6507', 'I')'m not saying he's going to be wrong again. But he's now 0 for 1 and should be judged accordingly. I just think when he gets all this airtime and he's wrong he really sets peak oil awareness back in a big way. Peak oil should not be a game of darts trying to make short-term doom predictions.

[Daniel_Plainview]

$this->bbcode_second_pass_quote('OilFinder2', '
')Matt said on March 26:

[threadbear]

edit

[threadbear]

$this->bbcode_second_pass_quote('threadbear', '')$this->bbcode_second_pass_quote('AirlinePilot', 'M')att may have made some bad calls, but his message is clear, its concise, and its well researched. He has done the work many in here have not.

[jupiters_release]

We all know the timing's irrelevant, Simmons could be off by a year and it doesn't change anything. He gets the most airtime on TV over oil, and he's telling people the truth about the future - local, local, perhaps nothing but local. Good for him.

[JohnDenver]

Breaking news...

$this->bbcode_second_pass_quote('', 'T')HE wheels are about to come off the international oil and gas juggernaut, threatening to pitch the world into an energy crisis on a scale that has never been seen before, and the US and Europe will suffer most.
This dire prediction comes from an American banker, one of the most respected on the circuit today. But few are listening to Matt Simmons, who claims the oil and gas industry is in such a mess that it has lost the ability to keep ahead of global demand.

[Last_Laff]

$this->bbcode_second_pass_quote('JohnDenver', '[')url=http://business.scotsman.com/6983/Energy-crisis-threatens-a-winter.2241606.jp]Breaking news...[/url]

$this->bbcode_second_pass_quote('', 'T')HE wheels are about to come off the international oil and gas juggernaut, threatening to pitch the world into an energy crisis on a scale that has never been seen before, and the US and Europe will suffer most.
This dire prediction comes from an American banker, one of the most respected on the circuit today. But few are listening to Matt Simmons, who claims the oil and gas industry is in such a mess that it has lost the ability to keep ahead of global demand.

[kiwichick]

depends on how you define " about to "

the Hirsch report would define it as 10 -20 years

[JohnDenver]

$this->bbcode_second_pass_quote('kiwichick', 'd')epends on how you define " about to "

[JJ]

wow. we're actually talking about peakoil!