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$190-a-barrel oil forecast
- Saudi Arabia: Thursday, October 20 - 2005 at 12:36
Crude oil and natural gas prices may double or treble this winter warned Matthew Simmons, a best-selling author and oil expert. He said we must be closer to starting to see significant product shortages than we have seen since 1979, blaming hurricane damage to refining capacity. This will put crude in the range of $125 to $190-a-barrel, he concluded.
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Peter J. CooperThursday, October 20 - 2005 at 12:36 UAE local time (GMT+4)
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This article was updated on Sun Sep 17 2006.
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