Oil Prices will rise next for 5 years. More Oil in 2009.

Houston-based investment banker and analyst Matt Simmons isn't concerned with the news of the day. He describes oil demand as a runaway train. Fundamentally, he sees the growing gap between supply and demand pulling this already taut oil market tighter still.

Globally, energy companies have plans to bring 6 million to 8 million extra barrels of oil a day on stream, but the timeline for those projects stretches out until 2009. And some of those projects could be delayed.