Matthew Simmons bigraphy, stories - American businessman

Matthew Simmons : biography

07 April 1943 - 08 August 2010

Matthew Roy Simmons (April 7, 1943. Retrieved August 13, 2010. – 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. In his previous capacity, he served as energy adviser to U.S. President George W. Bush.citation needed He was, up until his death, a member of the National Petroleum Council and the Council on Foreign Relations.

Simmons, who lived in Houston, Texas, died at his vacation home in North Haven, Maine, on August 8, 2010, at the age of 67.. Kennebec Journal.. (2010-08-09). Retrieved on 2012-05-20. The cause of death was ruled "accidental drowning with heart disease a contributing factor".Tom Fowler. . Houston Chronicle. August 10, 2010.

Simmons was the author of the book Twilight in the Desert: The Coming Saudi Oil Shock and the World Economy, published in 2005. His examination of oil reserve decline rates helped raise awareness of the unreliability of Middle East oil reserves. He gave numerous presentations on Peak Oil and water shortages.

Simmons believed that the Club of Rome predictions are more accurate than usually acknowledged.Simmons, Matthew. ., 30 Sept 2000.

Simmons was the founder of the Ocean Energy Institute in Maine. His vision was to make Maine a leader in energy from offshore wind and ocean forces.

Wikileaks cable mention

The Guardian reported that Simmons was mentioned in a leaked U.S State Department cable dated November 2007:

COMMENT: While al-Husseini believes that Saudi officials overstate capabilities in the interest of spurring foreign investment, he is also critical of international expectations. He stated that the IEA's expectation that Saudi Arabia and the Middle East will lead the market in reaching global output levels of over 100 million barrels/day is unrealistic, and it is incumbent upon political leaders to begin understanding and preparing for this "inconvenient truth." Al-Husseini was clear to add that he does not view himself as part of the "peak oil camp," and does not agree with analysts such as Matthew Simmons. He considers himself optimistic about the future of energy, but pragmatic with regards to what resources are available and what level of production is possible. While he fundamentally contradicts the Aramco company line, al-Husseini is no doomsday theorist. His pedigree, experience and outlook demand that his predictions be thoughtfully considered.Guardian: US embassy cables: Saudi oil company oversold ability to increase production, embassy told

Saudi Arabian oil reserves

In his book, Simmons argues that production from Saudi Arabia and especially from Ghawar—the world's largest oil field—will peak in the near future, if it has not done so already. Simmons bases his case on hundreds of internal documents from Saudi Aramco, professional journals and other authoritative sources.

Oil price wager

In August 2005, Simmons bet John Tierney and Rita Simon, the widow of Julian Simon, $2500 each that the price of oil averaged over the entire calendar year of 2010 would be at least $200 per barrel (in 2005 dollars).Tierney, John.. NY Times. 23 August 2005. Retrieved 7 June 2007 Simmons would have lost this bet by a very wide margin: 2010 average oil prices did not even reach $100. A factor in this, however, was that the world-wide economic collapse created demand destruction that greatly decreased the demand for oil causing prices to fall.

Ocean Energy Institute

The Institute researches and develops energy sources from the oceans such as wind energy, mastizing internal fusion energy, solar flare energy, and energy produced from burning cow flatulence.

Appearances and interviews

Simmons made contributions to the films Peak Oil – Imposed by Nature, The Power of Community: How Cuba Survived Peak Oil (2006), The End of Suburbia, Crude Impact, and Crude Awakening: The Oil Crash, and appeared on World Energy Television World Energy Video Interview, August 2008

Living octopus

Living octopus

In countries which are located near sea coasts, sea food is an important part of national cuisine