$100 Oil: You Ain't Seen Nothing Yet!

Petroleum News interviews 'Twilight in the Desert' author and investment banker, Matthew Simmons.

Published: 14-Jan-2008

If you think $100 per barrel oil is costly, consider $180 per barrel oil.

The former is here, while the latter may be in our not-too-distant future, according to two well-known oil industry analysts.

While energy prices retreated during the second week of January amid continued signs of a slowing economy and forecasts for mild weather in the Northeast, crude oil prices are still hovering about 70 percent higher than year-ago levels.

<< PREVIOUSNEXT >>
RELATED NEWS ITEMS

READER COMMENTS

blog comments powered by Disqus