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Posted: **29 Dec 2010, 15:16**

Worthy of comment?

New York Times: Economic Optimism? Yes, I’ll Take That Bet

Posted: **05 Jan 2011, 14:21**

I guess not.

Posted: **05 Jan 2011, 15:35**

Adam Polczyk wrote:I guess not.

Matt Simmons was wrong about the price of oil because he did not account for the banking meltdown and worldwide "demand destruction" which followed. In other words, he may have lost the bet but he didn't actually lose the argument.

Posted: **10 Jan 2011, 13:51**

Well put UndercoverElephant. Here is some more commentary by Steven R. Kopits.

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Matt Simmons's oil price bet expires on Saturday...

Matt Simmons's oil price bet expires on Saturday...