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Politics : Rat's Nest - Chronicles of Collapse -- Ignore unavailable to you. Want to Upgrade?


To: Wharf Rat who wrote (2261)9/30/2005 7:18:02 PM
From: Bill on the Hill  Read Replies (1) | Respond to of 24210
 
Matthew Simmons says $10 per gallon gas this winter.

planetjh.com

9.28.05

Like the terrorist attacks of 9/11, Hurricane Katrina stands to become a defining moment in our nation's history. While the precise meaning of such moments remains to be interpreted, Matt Simmons believes the natural disaster may well be remembered as the start of "our great energy war." "We're almost at the verge of having real energy shortages," Simmons said last Friday, when he issued a wake-up call to a standing-room only audience at the Center for the Arts. "We could be looking at $10-a-gallon gas this winter."

Author of "Twilight in the Desert: The Coming Saudi Oil Shock and the World Economy" and founder of Simmons and Company International, a Houston-based energy investment banking firm managing over $60 billion in assets, Simmons is also an energy advisor to President Bush. During his lecture ­ which kicked off a two-day lecture series on the future of energy sponsored by the University of Wyoming's Ruckelshaus Institute of Environment and Natural Resources ­ Simmons reviewed circumstances leading up to the current energy crisis.