Sunday, November 06, 2005

ENVIRONMENT: An Interview With Peak-Oil Provocateur Matthew Simmons

"Author of the recently published Twilight in the Desert: The Coming Saudi Oil Shock and the World Economy, Simmons is founder of Simmons & Company International, an investment bank that handles mergers and acquisitions among energy companies, and counts among its clients Halliburton, General Electric, and the World Bank. A graduate of the Harvard Business School, he served as an energy-policy adviser to the 2000 Bush-Cheney campaign.

Conservative credentials aside, Simmons has been boggling the minds of people across the political spectrum with his recent prediction that the price of a barrel of oil could hit the high triple digits within a few years. To postpone economic meltdown, he says we should be drilling in the Arctic National Wildlife Refuge and other hotly contested spots. At the same time, he's calling for a massive shift in energy policy, including radical improvements in efficiency, as well as a return to local farming and manufacturing. With his unconventional opinions, he's single-handedly reinventing the image of the post-oil energy crusader. He talked to Grist from his cell phone while dashing between energy lectures."


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