Re: Matthew Simmons on Oil

From: Glenn Morton <>
Date: Wed Aug 24 2005 - 07:32:22 EDT

Don is correct, there will come a point when the recession and conservation cut demand. But, in a market where the product availability is constantly declining, such dips in the price can not last as long as they did in the 90s when the supply of oil continued to go up, prolonging the period of low oil price. Post peak, the situation will be different.

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Received on Wed Aug 24 07:32:38 2005

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