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Matt Simmons interview on Financial Sense


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Here are some highlights from this weekend's interview:

(A sort of update to an earlier interview)

 

+ Unbelievable volatility. But markets are still tight, and prices could quickly be back at where they were 8 weeks ago

 

+ Up to 80% of our oil goes towards transportation, and demand remains very high

 

+ Oil "experts" had strong opinions, about oil prices. But had they barely looked at the data. Simmons book looked at the myth of unlimited cheap oil in the Middle East. Once that bubble had been popped, people began to realise that oil was in short supply. The word is getting out.

 

+ US Dept. of Energy is doing an exhaustive study, and so is a congressional committee

 

+ But not enough is being done to fix

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Here are some highlights from this weekend's interview:

(A sort of update to an earlier interview)

 

+ Unbelievable volatility. But markets are still tight, and prices could quickly be back at where they were 8 weeks ago

 

+ Up to 80% of our oil goes towards transportation, and demand remains very high

 

+ Oil "experts" had strong opinions, about oil prices. But had they barely looked at the data. Simmons book looked at the myth of unlimited cheap oil in the Middle East. Once that bubble had been popped, people began to realise that oil was in short supply. The word is getting out.

 

+ US Dept. of Energy is doing an exhaustive study, and so is a congressional committee

 

+ But not enough is being done to fix

 

Yes, excellent interview and a very impressive guy.

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