How I Came to Believe in Peak Oil
Date: Thursday, November 02, 2006 @ 20:48:33 GMT
Topic: Testimonials

By EV World

Houston investment banker and “Twilight in the Desert” author Matthew Simmons talks about his conversion to a peak oil advocate.

October 31, 2006

It was near the end of the Clinton Administration when an assistant to newly appointed Energy Secretary Bill Richardson called Matt Simmons and asked him to prepare a multi-bullet pointed brief on the current state of the oil and gas industry. The term “peak oil” never appeared in that document, Simmons told an audience of some 500 industry professionals, academicians, environmentalists, students, media and interested members of the public.

In 2000, the Bush presidential campaign asked him to prepare a similar document and again, “peak oil” wasn't to be found. Why? Because as late as 2002, a man who has spent more than three decades vetting and financing more than $60 billion dollars in energy projects around the world was completely unaware of the notion that someday soon the demand for oil and gas will outstrip the industry's ability to supply it...

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