Posts tagged “Matt Simmons”
Here are my choices for the Top 10 energy related stories of 2010. I can’t remember having such a difficult time squeezing this list down to 10 stories, because there were many important energy stories for 2010. It was hard to cut some of them from the Top 10; so hard that I almost did a Top 15. But I made some difficult choices, and offer my views on the 10 most important energy stories of 2010. Previously I listed a link to Platt’s survey of the Top 10 oil stories of 2010, but my list covers more than just oil. Reviewing my list of Top 10 Energy Related Stories of 2009, I see that I made three predictions. Those… Continue»
Simmons had recently become a frequent topic of discussion after the many doomsday predictions he made about the oil spill in the Gulf of Mexico.
The Leak Appears to be Sealed Today comes news that there is light at the end of the tunnel over the leak in the Gulf of Mexico: Allen: ‘High confidence’ no more oil will flow into Gulf Retired Coast Guard admiral Thad Allen said Wednesday he has “high confidence” no more oil will leak from BP’s Gulf of Mexico well. Hours earlier, BP announced that the well had reached “static condition” after heavy drilling mud was pumped into it. This is without a doubt good news. However, the longer term ramifications remain the same in my mind: BP is going to have a very difficult time repairing their brand. I still believe that a substantial fraction of their assets —… Continue»
Claims like “BP will file for Chapter 11 by July 9,” and that “the ‘real, untold story’ is another leak that is 5-7 miles away spewing 120,000 barrels per day” are ruining Matt Simmons’ credibility.
Meet the Doomers It was early 2007, and I was riding high at The Oil Drum. I had written a number of articles on energy policy, and a consistent theme of mine was that biofuels weren’t going to replace our current level of fossil fuel usage. For the most part these essays were very well-received, until I turned my attention toward the topic of oil production in Saudi Arabia. Realize that while there is a diverse readership at TOD, there are quite a few very vocal contributors who are ‘doomers.’ What exactly is a doomer? Doomers believe that peak oil will inevitably lead to a Malthusian collapse of society. Many cheer for stories that support their idea of doom (e.g.,… Continue»
I tend to get a lot of e-mails, and I try to make a point to answer them all. Sometimes, the e-mail is a question that I can quickly answer. Sometimes it is a request for comments on a specific technology. But sometimes I get one that someone put a considerable amount of time in, and it warrants a very detailed and thoughtful response. I just received one like that that I felt was worth sharing with readers. I asked the writer for permission to publish it, and she agreed in the hopes that it can help others struggling with these questions, and hopefully spawn some fruitful discussion. This letter was written by a high school senior, and it is… Continue»
Introduction It succors and drowns human life. And for the last eight years, oil — and the people and places that make it — was my obsession. – Peter Maass Today a new book by Peter Maass was released. The book is called Crude World: The Violent Twilight of Oil. Peter Maass is a name you may know from a 2005 article that he wrote for the New York Times called The Breaking Point. The story was a comprehensive look at where he thought oil production/prices were headed – and what the implications might be. Maass focused on Saudi Arabia in the article, and spent a lot of time covering Matt Simmons’ viewpoints. It was after reading this story that… Continue»
There has been a lot of talk in the media lately about the possibility that oil demand will peak soon (or has peaked already), which will render a geologically-induced peak in oil production irrelevant. In other words, peak oil is a non-issue because people won’t be demanding as much oil as can be produced (which is true presently). In fact, I just did a Google search of my blog, and the phrase “Peak Demand” shows up 239 times over the past 2 years. Regular reader Benjamin Cole was beating the peak demand meme long before I heard the media start to pick it up. (Here he is arguing this point two years ago). Over the weekend I saw a new… Continue»
When I made my $1,000 bet that oil prices wouldn’t reach $100 in 2007, I felt like that was a pretty safe bet. Up until about the first week of September in 2007, it was looking like I was cruising to an easy win. But then oil prices went on an unprecedented run. Prices climbed almost 50% between September and the end of the year, and twice came within a whisker of reaching $100. Then, on the first trading day of 2008, the $100 mark was breeched, and eventually soared to almost $150/bbl in July of 2008. I won the bet, but a lot of people felt like I had really lost, as the point I was trying to make… Continue»
Me With Jim Kunstler at ASPO 2008 Live from the 2008 ASPO Conference, where I am still running on European time (waking up at 3 a.m. and dead tired by 8 p.m.). The talk of the conference so far is on the proposed $700 billion bailout of the financial services sector, and whether this may be just the tip of the iceberg. This is the same sort of bailout that I think is eventually destined to happen to some of the biofuels sectors that have had mandated expansions. When it becomes clear that they aren’t doing much about our dependence on foreign oil or fossil fuels, support will likely dwindle. But it would be devastating for the Midwest to just… Continue»