One week left for $100/barrel oil

[PokerMatt]

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Funny how the title of the linked article says in quotes that oil "will hit $100 by the winter" and then when you go and read the article it doesn't exactly say the same thing:

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But Simmons believes surging demand will keep prices bubbling well above $50. 'We could be at $100 by this winter. We have the biggest risk we have ever had of demand exceeding supply. We are now just about to face up to the biggest crisis we have ever had,' he said.

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From this it seems pretty apparent that he's PREDICTING that oil prices will keep bubbling above $50 a barrel, and SPECULATING that oil COULD reach $100 by winter. If you're gonna trash the guy at least be able to comprehend what he's saying.

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Well, I did not "trash the guy". I believe the guy knows as much as anybody about the price of oil three months down the road : pretty much nothing.

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My bad, I should've used the quotes [img]/images/graemlins/smile.gif[/img]. I was referring to the OP but probably clicked "reply" on your post since it was at the bottom of the thread. Your point is valid, however.