Part VI of Simmons, Hirsch Interview

Part VI of the Simmons, Hirsch Interview.

Part V of Simmons, Hirsch Interview

Part V of the Simmons, Hirsch Interview.

Part IV of Simmons, Hirsch Interview

Part IV of the Simmons, Hirsch Interview.

Part III of Simmons, Hirsch Interview

Part III of the Simmons, Hirsch Interview.

Part II of Simmons, Hirsh Interview

Part II of the Interview paints a future of much less oil.

The oil crash is coming

Simmons and Hirsch agree, the oil crashin is coming.

Peak Oil is Back!

Take a look at this recent interview with Matthew Simmons by Steve Pakin of TV Ontario. It looks like oil prices may make another run up as a result of supply-side tightness.

Gas prices touch $51 per barrel

On U.S. stimulus news, oil prices increased today by 6% to $51 per barrel.

Are we in for another bull market in oil and gas. This observer believes that we are.

What will the short term and long term effects be? Let's see.

Oil Falls slightly from $48 per barrel

I fail to see why oil prices will not continue to rise even though the world economy is in recession and demand is down. The truth of the matter is that global consumption of oil still pretty close to levels prior to the recession. Eventually the now limited supply of oil (production near its peak on the bell curve)is going to drive up prices. We may already be seeing this as oil is off its $30 lows. The question is, will increased prices drive the world economy into a recesion or will some economies, such as that of China, be better-equipped to cope with high oil prices than others because labour and other input costs in China are still relatively cheap?