Out of Control

Here’s the NY Times’ John Tierney:

I don't share Matthew Simmons's angst, but I admire his style. He is that rare doomsayer who puts his money where his doom is.

After reading his prediction, quoted Sunday in the cover story of The New York Times Magazine, that oil prices will soar into the triple digits, I called to ask if he'd back his prophecy with cash. Without a second's hesitation, he agreed to bet me $5,000.

More here.

For more on Julian Simon’s famous bet, go here.

And for more clear thinking on gas prices, see Lynne Kiesling.