Oil Prices High This Winter: Plan Ahead
Consumers beware: oil and gas prices may double our even triple this winter, according to Matthew Simmons, author of Twilight in the Desert: The Coming Saudi Oil Shock and the World Economy. James Kunstler, author of The Long Emergency (a recent Dreamland show) agrees.
A cold winter has been predicted. Like most energy experts, he thinks gas prices are actually cheap, despite the fact that commuters are still reeling from price hikes at the gas pump. But oil is a precious and limited commodity and should be price accordingly so that it is no squandered. In a speech in Ottawa, Simmons said that gas prices “need to go a lot higher.”
read more