Simmons Says $100 a Barrel Oil Is `Remarkably Cheap'

[hoppermantis]

Hemp for victory !!! 10% of food crop space would power america? why are we allowing our country to slowly degrade into a third world level? And now L.E.A.P. is questioning our methods against the drug concept... I truly want to understand so i can feel like patriot.

[VenTimofey]

hit a 132.95 today. yikes. whats all this about George Reisman?

[babapoopoo]

did he say a rising price of oil equals a rising gdp (0826min); is this for oil exporting countries only?

i think the biggest problem is susbituting oil for something else, i mean i lived in japan and there are trains everywhere; i mean.. you could prooly count on one hand how many trains r in north america. i feel bad inside 4 that; we were given everything and now we can't let go of it.

[julebuggy]

It would be interesting to watch a debate between Peter Schiff and Matt Simmons on the inflation vs. supply/demand pressures on oil prices. Peter's argument that oil is only 10% more expensive over 30 years, when priced in gold, holds water, but peak oil may put additional pressure on prices as per supply/demand.

[markcrombie]

It is kind of scary that someone from UBS appears to know very little about the connection between energy and economic growth. This is why I know longer trust anybody with my investments.

[bustermk2]

George Reisman is an idiot.

[kilbairn]

Just read Reisman's "Mining....". He should stick to economics, what he knows best. REALLY IDIOTIC!

[3DPeter]

there's enough oil and other natural

sourches for AT LEAST the next MILLION year.

Just google for "Mining for the Next Million Years by George Reisman"

[geir44]

Eyh! Matts lump-dinosaur is up and going again!

[stonerj0e]

Don't worry.. Oil will be $110 next week.

[julebuggy]

Guess not, eh?

[jhmorgan0951]

You're a fool.