Matthew Simmons on Peak Oil
Bob Morris @ Feb 17th 2008 00:17 - Category: Peak oil
Matthew Simmons, chairman of energy industry investment bank Simmons & Co. in Houston, spoke to Bloomberg News in Jan 2007 about how we need to prepare for peak oil now. Not only is production lessening across the planet, the vast bulk of US offshore fleet of drilling rigs is at or near the end of its lifespan and new ones aren’t being built fast enough to replace them.
No Comments »
Leave a Reply
Comments subject to deletion at whim of capricious webmaster. Disagreements are ok. Flames, trolls, and right-wing attacks are not. If your comment doesn't appear immediately, then moderation is on, thus there's no need to re-send it.
(However sometimes the anti-spam programs here go awry. Email us if your comments seem to vanish into the void.)
