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Matthew Roy Simmons (April 7, 1943 [4] – August 8, 2010) was 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.
Simmons' prediction of rising oil prices made in Twilight in the Desert led to a bet with New York Times columnist John Tierney in August 2005. The two men bet US$10,000 on whether the daily price-per-barrel of crude oil averaged over the 2010 calendar year would exceed $200 when adjusted for inflation, with Simmons to win the bet if it did, or Tierney if it did not.
The film is a reflection of the peak oil scenario argued by oil industry experts and political activists, including Matthew Simmons and James Howard Kunstler.The Cuban economy, heavily dependent on economic aid from the Soviet Union, suffered tremendously following the end of the Cold War.
Peak oil is the point when global oil production reaches its maximum rate, ... Simmons 2007–2009 1998: Campbell & Laherrère: 2004 2004: Bakhitari 2006–2007 1999:
In the following video, Motley Fool energy analysts Joel South and Taylor Muckerman discuss a theory that has been around for 40 years -- the idea of peak oil. Joel tells investors that this won't ...
The film is hosted by Canadian broadcaster Barrie Zwicker and features discussions with James Howard Kunstler, Peter Calthorpe, Michael Klare, Richard Heinberg, Matthew Simmons, Michael Ruppert, Julian Darley, Colin Campbell, Kenneth S. Deffeyes, Ali Samsam Bakhtiari and Steve Andrews. In 2007, Greene released a sequel called Escape from Suburbia.
The price-per-barrel of crude oil was heavily scrutinized by oil industry watchers aware of this bet. Many peak oil websites made frequent reference to the Simmons–Tierney bet [3] and some made daily tabulations and adjusted-for-inflation charts on the latest price-per-barrel. (The price-per-barrel of oil at the time of the bet—August 2005 ...
Matthew Simmons, in his 2005 book Twilight in the Desert, suggested that production from the Ghawar field and Saudi Arabia may soon peak. [ 22 ] When appraised in the 1970s, the field was assessed to have 170 billion barrels (27 km 3 ) of original oil in place (OOIP), with about 60 billion barrels (9.5 km 3 ) recoverable (1975 Aramco estimate ...