More Videos
- With Investors So Bullish, Stock Pullback Must Be Ahead
- Is Bill Gross, PIMCO's Bond King, Losing His Touch?
- Greece Austerity Deal Runs Into Trouble Once Again
- Why Greece Will Default, Leave Euro Zone
- Apple’s Record Run: $500 Is a Magic Number
- Private Homebuilders: Dead Men Walking
- Housing Still Hurting Consumers, Economy: Bernanke
- Get Ready for $5 Gas This Year: Ex-Shell CEO
- The World's Best Beers
- Avis on the Road to Strong Growth: Analyst
- Private Homebuilders: Dead Men Walking
- LinkedIn’s Growth Is Already Priced In: Analyst
- The Real Reason Behind Bank of America’s Rally
- 5 Hedge Funds’ Top Stocks Soar After 2011 Rout
- This Valentine’s Day Love Is Served on a Silver Platter
- CEO to CEO: Our Roles Are Changing
- Clint Eastwood ‘Surprised’ by Reaction to Chrysler's ‘Halftime in America’ Ad
- Bulls Check In to Community Health
MOST SHARED
- With Investors So Bullish, Pullback Must Be Coming
- How to Date a Wall Street Man
- LinkedIn CEO Calms Post-Lockup Concerns
- Why Greece Will Default, Leave the Euro Zone
- Stocks Hold Losses, Italian Banks Downgraded
- Blue Ivy Gets Trademarked By Beyonce And Jay-Z
- Get Ready for $5 Gas This Year: Ex-Shell CEO
- The World's Best Beers
- Housing Still Hurting Consumers, Economy: Bernanke
- Investing in the Fountain of Youth
MOST POPULAR
HOT ON FACEBOOK
Oil Prices Could Go Higher Than We've Seen: Simmons
Text Size 
There are many issues going on around the world that could have a material impact on the future of oil—both short term and long term, said Matthew Simmons, chairman emeritus of Simmons International.
Citing Iran’s presidential election controversy, Ukraine’s conflict over natural gas, Nigeria threatening to shut down its oil system, Venezuela’s current strike and Peru’s domestic unrest, Simmons said all the concerns around the world will have an “unbelievable impact on oil supplies.”
“If one of these 4 or 5 things turned really ugly, prices can go way higher than we’ve seen,” Simmons told CNBC. “And if 2 or 3 of them happen at the same time, I don’t think there’s any normal ceiling on the price of oil.”
Simmons said although the level of demand is low, the odds of oil being stored for speculation is “extremely low.”
- Slideshow: Which Oil Nations Make Money?
- Slideshow: The 10 Hottest Commodities of 2009
- Track Latest Oil Prices Here
- Marketing clichés aside, sometimes diamonds are for investing.
- Actor Clint Eastwood responds to critics over the Chrysler Super Bowl ad and all the controversy.
- The ‘Fast Money’ traders weigh in on fashion related stocks from apparel to footwear.
- This Valentine’s Day should prove a love fest for restaurants, as many couples will be dining out.
- Here’s a look at Westminster Kennel Club’s most successful breeds—and how much they cost.
- What kind of homes do celebrity couples share? Here’s our updated list. Take a look.
Data is a real-time snapshot *Data is delayed at least 15 minutes
