Matt Simmons
Job Title:
Author & Peak Oil Expert
Organization:
Conversation:
Matthew R. Simmons, Chairman of the Simmons & Company
International, a specialized energy investment banking firm, and author
of Twilight in the Desert, contends that this is unlikely. He argues
that Saudi Arabia's oil fields now are in decline, that the country
will not be able to satisfy the world's thirst for oil in coming years
and that its capacity will not climb much higher than its current
capacity of 10mbd. Considering the growth in demand, this could easily
spark a global energy and economic crisis.
