Oil and Economic Crash Possible This Winter

The “oil crisis” may be much closer than most thought. It may be less than six months away. Matt Simmons, CEO of Simmons & Company International (an investment banking consultant firm to the energy industry) recently stated that Oil ‘will hit $100 by winter’. A forty dollar a barrel rise in oil in six months could indeed shake the global economy. It could lead us into the war game scenario recently played out – Oil Shockwave. In that simulation, former US officials were presented with a scenario of escalating oil prices and global economic instability. What they determined was that there was virtually nothing that the United States could do to avert economic collapse. [See Oil Crash Would Crash the U.S.]
Project for the Old American Century