Comments on: Crude Oil Futures Post Record Gain as “Peak Oil” Expert Calls for Rally to $500 a Barrel

By: How Over-Regulating Goldman Sachs Will Lead to Higher Oil and Commodity Prices

How Over-Regulating Goldman Sachs Will Lead to Higher Oil and Commodity Prices — Fri, 21 Aug 2009 13:04:45 +0000

[...] It seems, though, that the actual boiling point was reached last summer when oil went into a near-vertical climb, surging 63% in just five months, and hitting an all-time high of $147 a barrel last July. Given that oil is in many ways the most relevant commodity to the general public (think fuel for transportation and heating), the new record price touched off a media feeding and prompted projections that crude oil could be headed for $500 a barrel. [...]

By: Financial Crisis May be Creating the Best Investment Opportunities of our Lifetime, Money Morning Expert Says

Thu, 19 Feb 2009 15:35:27 +0000

[...] KF: Longer-term, the world won’t realize that global demand is rising all along – despite what the statistics say – until the economic recovery stimulates oil demand again. Probably no more than five years from now. Eventually, the fundamentals of declining production, growing demand, and thin inventories will overwhelm today’s low prices. Which is why I think oil will be back at $212 dollars a barrel … a figure that’s downright conservative compared to Matthew Simmons [peak oil pundit and author of "Twilight in the Desert: The Coming Saudi Oil Shock and the World Economy"], who’s on record predicting that oil prices will reach $500 a barrel. [...]

By: Mark

Mark — Fri, 13 Feb 2009 22:08:45 +0000

You are a fear monger. Fair value was, is, and will remain $60-$70/bbl. It’s “cheap” now, it wasn’t at $100.

By: Why Crude Oil Will Present Investors with a Golden Opportunity in 2009

Why Crude Oil Will Present Investors with a Golden Opportunity in 2009 — Tue, 13 Jan 2009 17:24:41 +0000

[...] Money Morning: Crude Oil Futures Post Record Gain as “Peak Oil” Expert Calls for Rally to $500 a Barrel [...]

By: Bula Karl

Bula Karl — Thu, 02 Oct 2008 10:25:40 +0000

Because of technical problems on your ordering form I can not sucribe, sorry!

Karl Bula

By: Five Reasons Why the $700 Billion Banking Bailout Will Translate into $250 Oil

Five Reasons Why the $700 Billion Banking Bailout Will Translate into $250 Oil — Wed, 01 Oct 2008 17:34:15 +0000

[...] Fourth, the world will learn one day – probably sooner rather than later – that Saudi Arabia’s vaunted reserves are nowhere near what it claims them to be, and those reserves are certainly not at the levels long held as “gospel” in the oil business. Matthew Simmons, chairman of the Houston-based investment bankSimmons & Co. International and author of the seminal 2005 book, “Twilight in the Desert: The Coming Saudi Oil Shock and the World Economy,” has been most vocal about this alleged shortfall, and I respect his work, especially since I’ve spoken behind closed doors with several OPEC figures who privately acknowledged that this may be their worst nightmare. Simmons recently predicted that oil prices would rally to $500 a barrel. [...]

By: Five Reasons Why the $700 Billion Banking Bailout Will Translate into $250 Oil | Jutia Group

Wed, 01 Oct 2008 15:03:24 +0000

[...] Fourth, the world will learn one day – probably sooner rather than later – that Saudi Arabia’s vaunted reserves are nowhere near what it claims them to be, and those reserves are certainly not at the levels long held as "gospel" in the oil business. Matthew Simmons, chairman of the Houston-based investment bankSimmons & Co. International and author of the seminal 2005 book, "Twilight in the Desert: The Coming Saudi Oil Shock and the World Economy," has been most vocal about this alleged shortfall, and I respect his work, especially since I’ve spoken behind closed doors with several OPEC figures who privately acknowledged that this may be their worst nightmare. Simmons recently predicted that oil prices would rally to $500 a barrel. [...]

By: David Phillips

David Phillips — Wed, 01 Oct 2008 13:08:40 +0000

As it happens, I am reading Simmons’s book “Twilight in the Desert: The Coming Saudi Oil Shock and the World Economy”, and I can understand perhaps why Saudi Arabia was reluctant to agree to an increase in output at the special conference in Jeddah recently.

The main OPEC producers must be concerned about the projected growing gap between world oil consumption and world oil production going forward.

When you see over recent days the NYMEX crude oil futures and ICE Brent crude price rise on expectation of the Paulson plan being voted through in Congress, it is clear that the success of this action will resucitate demand in the US and wider world economy.

While the world may be focusing on the US difficulties, we should remember that even if there is a recession in America, the emerging economies will act as a locomotive of the world economy, and by extension maintain strong demand for crude oil.

By: The Mighty Green Back » Blog Archive » Crude Oil Prices to Soar After Bailout Fails

Wed, 01 Oct 2008 11:32:34 +0000

[...] Fourth, the world will learn one day – probably sooner rather than later – that Saudi Arabia’s vaunted reserves are nowhere near what it claims them to be, and those reserves are certainly not at the levels long held as “gospel” in the oil business. Matthew Simmons, chairman of the Houston-based investment bank Simmons & Co. International and author of the seminal 2005 book, “Twilight in the Desert: The Coming Saudi Oil Shock and the World Economy,” has been most vocal about this alleged shortfall, and I respect his work, especially since I’ve spoken behind closed doors with several OPEC figures who privately acknowledged that this may be their worst nightmare. Simmons recently predicted that oil prices would rally to $500 a barrel. [...]

By: The Mighty Green Back » Blog Archive » A Good Stock To Buy: Suncor Energy Inc.

Mon, 29 Sep 2008 11:56:02 +0000

[...] will rise again and go through the past peak on its way to new record highs. If that happens – and it appears that this reversal is already under way – the actual risk will be borne by investors who aren’t invested in oil- and other energy-related [...]