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
environmental needs three
We need to find three Saudi Arabias just to offset [the] decline.
running oil issues
We've run out of good projects. This is not a money issue... If these oil companies had fantastic projects, they'd be out there [developing new fields].
years oil saudi-arabia
Saudi Arabian oil production is at or very near its peak sustainable volume (if it did not, in fact peak almost 25 years ago), and is likely to go into decline in the very foreseeable future. There is only a small probability that Saudi Arabia will ever deliver the quantities of petroleum that are assigned to it in all the major forecasts of world oil production and consumption.