12 May 2005
I don’t think there is [a solution to the energy shortage]. The solution is to pray. Pray for mild weather and a mild winter. Pray for no hurricanes and to stop the erosion of natural gas supplies. Under the best of circumstances, if all prayers are answered there will be no crisis for maybe two years. After that it’s a certainty. –
Simmons is the CEO of the world’s largest energy investment bank, Simmons & Company International. Simmons’ clients include Halliburton; Baker & Botts, LLP; Dynegy; Kerr-McGee and the World Bank and he is a close pal of George Bush.
Amen to Mr Simmons’ ‘predictions’. Once more I find myself returning to the subject of ‘peak oil’ as it seems that a good deal of the ‘left’, alongside all the usual suspects are peddling this Peak Oil nonsense. It seems the output of ‘peak oil’ articles is actually outstripping the output of oil. We have to ask the question why? Continue reading