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To: elmatador who wrote (9794)10/2/2006 10:22:08 PM
From: 8bits  Respond to of 217605
 
"oil's Y2K: Peak oil Matthew Simmons had all reasons in the world to create the Y2K of the oil industry:

His company claims to be "The Investment Bankers for the energy Industry"

simmonsco-intl.com

Clever marketing guy. Wrote the book Peak Oil and then make a killing."

Well, he's made plenty of money aside from the book. Peak oil didn't start with Matt Simmons nor is he by any means the only adherent.

King Hubbert predicted a peak oil for the lower 48 of the continental US moer than 14 years before it happened. His prediction was off by less than a year. His employer (Shell) at the time didn't want him to publicly discuss his findings.

hubbertpeak.com

en.wikipedia.org