Remember meForgot password?
    Log in with Twitter

article imageAuthor, peak oil advocate Matt Simmons dead at 67

By Heidi Lowry     Aug 9, 2010 in Environment
The controversial investment banker warned the Earth's oil supply is running out and that Middle Eastern reserves are unreliable. The author passed away at 67.
Simmons died Sunday of a heart attack at his home in North Haven, Maine. He was best known for his 2005 book Twilight in the Desert: The Coming Saudi Oil Shock and the World Economy, in which he suggests Saudi Arabia has already reached its oil production peak and might not be able to satisfy increasing worldwide demands. The book asserts that if the United States continues its reliance on Saudi oil, it should be prepared for cost hikes and shortages if the Middle Eastern nation cannot deliver on its capacity claims.
Most recently Simmons criticized the way BP was handling the Gulf of Mexico oil spill, claiming there was more than one leak, and said the company would need to file for bankruptcy because of the incident. He also suggested the oil giant should detonate a small nuclear bomb underwater in order to stop the billowing oil.
In 2007, Simmons founded the Ocean Energy Institute, a Maine-based thinktank that researches ways to harness off-shore renewable ocean energy options like wind power, and system architecture that could develop a feasible means of delivering that power to the United States.
More about Matthew simmons, Oil, Ocean energy institute
More news from
Latest News
Top News