Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Wharf Rat who wrote (6230)	7/21/2007 10:52:35 AM
From: Wharf Rat	Respond to of 24225

Remarking on the forecast that we'll get to 120 million barrels per day of production by 2030, Matthew Simmons, the world's top oil investment banker, said, "We don't have any idea where those reserves are going to come from or how we are going to get them out of the ground. The odds of this ever happening are zero." I love Simmons. He's brutal. Another one... He told EnergyTechStocks.com that in another year or so the world will wake up and say – in Simmons’ words – “Oh, damn. We peaked in May 2005.”