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Saturday, September 04, 2010

I didn't realize that Matt Simmons had died

INVESTMENT BANKING
Matthew Simmons, Noted Energy Banker, Dies at 67
August 9, 2010, 6:01 PM

"..In 2005, Mr. Simmons wrote “Twilight in the Desert: The Coming Saudi Oil Shock and the World Economy,” in which he argued that Saudi Arabia’s oil production had peaked and that the world was headed for a supply shock. The view made him a national figure for the “peak oil” theory, which espouses that the world had hit its maximum oil production output.
Mr. Simmons retired from Simmons & Company International in 2005 and later served as the company’s executive chairman. He was still the face of the company and maintained client relationships.

Mr. Simmons, however, found himself in some hot water with Simmons & Company International in early June after he told Fortune magazine that BP would probably need to declare bankruptcy because of the oil leak in the Gulf of Mexico. BP severed its relationship with the company after Mr. Simmons made the controversial comments. .."


The Republican Who Dared Tell the Truth About America's Looming Oil Disaster
Matt Simmons didn't let the money, bullshit or arrogance surrounding the oil industry cloud his judgment.
September 4, 2010 |The Tyee / By Andrew Nikiforuk

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