Matthew Simmons
Matthew Simmons
Matthew Roy Simmonswas founder and chairman emeritus of Simmons & Company International, and was a prominent figure in the field of peak oil. Simmons was motivated by the 1973 energy crisis to create an investment banking firm catering to oil companies. He served as an energy adviser to U.S. President George W. Bush and was a member of the National Petroleum Council and the Council on Foreign Relations...
ProfessionEntrepreneur
Date of Birth7 April 1943
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The 'twilight' of Saudi Arabian oil envisioned in this book is not a remote fantasy.
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Even another tropical storm could set the reconstruction back for months.
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I would argue that we are in a serious energy crisis.
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In 2003 there was basically a chain-link fence around this incredible facility. What's worrisome is that the various bombings that have taken place in these complexes in Saudi Arabia so far have all had the markings of being an inside job.
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It would surprise me if it became a big source (of financing).
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Everyone keeps thinking there is a (price) ceiling...There is no ceiling,
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Prices are really cheap today and they need to go a lot higher, and they probably will go a lot higher,
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It was the only way to survive the era of unbelievably cheap oil.
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For the first time in our lifetime, we are out of any form of spare capacity. It is a different energy world we live in today.
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I am very concerned, given the destructive damage done by (Hurricanes) Katrina and Rita, that the United States must be closer to starting to see significant product shortages than we've seen since 1979.
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This is the big story for these companies. They're so big, they're having a very hard time growing. The only thing they really know how to do well is buy back stock.
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There isn't a middle argument. It's a finite resource. The only debate should be over when we peak.
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We've been beaten (in title games) twice now -- both times by Porter-Gaud. We've gotten there again and now we have to handle our business.
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We moved the energy heart of America in the bullseye of hurricane alley. That is the story of Katrina,