Matt Simmons on peak oil and future oil trading prices at $600?

Legendary Matt Simmons, author of Twilight in the Desert talks about crude oil prices in 2008 and how oil prices could eventually trade higher to reach $600 US dollars per barrel in the future.

Matt Simmons explains about peak oil and how the world’s crude oil supplies are lower than many people believe. With Saudi Arabia’s and Mexico’s largest oil fields now finding oil extraction more difficult, is peak oil already here and are the future of oil prices trading up?

Tags:  Matt Simmons, Mexico, oil prices, oil supplies, peak oil, Saudi Arabia, Twilight in the Desert, US dollars