Matthew Simmons, Paul Ehrlich and the Peak Oil bet

Simmons could still win it: if oil prices for the rest of the year average $330 a barrel.

Sounds a bit unlikely really.

1 thought on “Matthew Simmons, Paul Ehrlich and the Peak Oil bet”

  1. One of the biggest idiocies of much of the peak oil crowd and fellow travellers, is that they ignore price signals.

    At $200 a barrel, oil demand will shrink, making $200 an unsustainable price, whatever happens to supply.

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