Matthew Simmons, Paul Ehrlich and the Peak Oil betJuly 8, 2010 Tim WorstallIdiotarians1 CommentSimmons could still win it: if oil prices for the rest of the year average $330 a barrel. Sounds a bit unlikely really. previousMartin O\’Neill on the tax systemnextOn gay asylum seekers 1 thought on “Matthew Simmons, Paul Ehrlich and the Peak Oil bet” Serf July 8, 2010 at 9:07 am 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. Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment Name * Email * Website Save my name, email, and website in this browser for the next time I comment.