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Matthew R. Simmons, chairman and CEO of Simmons & Company International, is a prominent oil-industry insider and one of the world's leading experts on the topic of Peak Oil. In his previous capacity, he served as energy adviser to U.S. President George W. Bush. Simmons is the author of the book Twilight in the Desert: The Coming Saudi Oil Shock and the World Economy. Image File history File links No higher resolution available. ...
Image File history File links No higher resolution available. ...
A Chief Executive Officer (CEO), or Chief Executive, is the highest-ranking corporate officer, administrator, corporate administrator, executive, or executive officer, in charge of total management of a corporation, company, organization or agency. ...
Simmons & Company International is a private investment bank based in Houston, Texas that specializes in energy research, trading, and capital structuring. ...
The Hubbert peak theory, also known as peak oil, is an influential theory concerning the long-term rate of conventional oil production and depletion. ...
George Walker Bush (born July 6, 1946) is the 43rd and current President of the United States, inaugurated on January 20, 2001. ...
In his book, Simmons argues that production from Saudi Arabia, and especially from Ghawar, the world's largest oil field, will peak in the near future, if it has not done so already. Simmons bases his case on hundreds of internal documents from Saudi Aramco, professional journals, and other authoritative sources. However, Saudi Aramco officials, such as Nansen Saleri, contend that Saudi Arabia is fully capable not only of keeping up current production, but of expanding it significantly, even though it had not done so by mid-2006 despite near-record oil prices. Others have claimed that Simmons lacks the type of training that would allow him to read oil industry technical reports. In short, opinions vary as to the correctness of the interpretations of data and engineering concepts he used to extrapolate his estimates of remaining reserves, with many independent experts, such as Colin Campbell, Kenneth Deffeyes, and even some oil companies [1] agreeing with Simmons, while many in the USGS and the Saudi government dispute his views. Ghawar Field is a large oil field in Saudi Arabia. ...
Saudi Aramco, the national oil company of Saudi Arabia (formerly just Aramco, standing for the Arabian American Oil Company), is the largest oil corporation in the world and the worlds largest in terms of proven crude oil reserves and production. ...
Saudi Aramco, the national oil company of Saudi Arabia (formerly just Aramco, standing for the Arabian American Oil Company), is the largest oil corporation in the world and the worlds largest in terms of proven crude oil reserves and production. ...
For the Manfred Mann album, see 2006 (album). ...
Colin J. Campbell, Ph. ...
Kenneth S. Deffeyes is a geologist who worked with M. King Hubbert of Hubberts peak fame, at the Shell Oil Company research laboratory in Houston, Texas. ...
The United States Geological Survey (USGS) is a scientific agency of the United States government. ...
In August 2005, Simmons bet John Tierney and Rita Simon, the widow of Julian Simon, $2500 each that the price of oil averaged over the entire calendar year of 2010 will be at least $200 per barrel (in 2005 dollars). [1] John Tierney (b. ...
This article is about the economist Julian Simon. ...
Further reading
- Matthew Simmons, Twilight in the Desert: The Coming Saudi Oil Shock and the World Economy 2005 ISBN 0-471-73876-X
External links Other articles by Matt Simmons
References - ^ NY Times August 23, 2005 link
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