Oil guru says crude could hit $190 this winter - Oil & Energy - MSNBC.com

Oil guru says crude could hit $190 this winter - Oil & Energy - MSNBC.com:
Reuters -- 10/19/05
"'Everyone keeps thinking there is a (price) ceiling...There is no ceiling,' said Simmons, who wrote in his book 'Twilight in the Desert' that Saudi oil output is at or near its peak.
He said he has seen little sign that higher prices so far have done much to reduce consumption.
Simmons said supplies of heating fuel oil were in okay shape, but could drain fast if the weather turned cold. Diesel is tight and shortages of jet fuel had caused some planes to be diverted from some airports.
'It's going to be painful for people to get used to actually paying real money for a really valuable resource,' he said. "