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Posts tagged “Matt Simmons”

By Robert Rapier on Jun 26, 2008 with no responses

Oil Cracked $140 Today

Peak demand or not, oil prices show no signs of subsiding: Oil Surges Above $140 to Record as Libya Warns of Output Cut June 26 (Bloomberg) — Crude oil jumped above $140 a barrel to a record as Libya threatened to cut output, OPEC’s president said prices may reach $170 by the summer and the dollar weakened. Libya may curb output because of a U.S. law that allows terror victims to seize assets of foreign governments as compensation. OPEC President Chakib Khelil said oil may surge on a European interest rate rise, France 24 reported. Oil, gold and copper climbed today as the dollar dropped because the Federal Reserve gave no signal of higher interest rates yesterday. Crude oil for… Continue»

By Robert Rapier on Apr 24, 2008 with no responses

Book Review: World Made by Hand

When I read James Howard Kunstler’s (JHK) book The Long Emergency, it had a profound impact on me. I had been aware for many years that “running out of oil” was a serious matter. After all, I mentioned the challenge of peak oil in my graduate thesis in 1995. But my focus was more on finding a source that could replace oil as it ran out. Reading The Long Emergency was the first time it really hit me that I was missing a lot of key pieces of the picture. The book’s impact wasn’t because I thought his vision of the future was necessarily correct, but it made me think about possibilities. It caused me to look at the suburbs… Continue»

By Robert Rapier on Jan 14, 2008 with 3 responses

Debunking Matt Simmons

I don’t suppose this essay is going to make me any new friends, but what’s good for Vinod Khosla is also good for Matt Simmons. A couple of years ago, I took on Vinod Khosla because I felt like he was unduly influencing energy policy in the wrong direction. I pointed out a number of incorrect comments from him that I felt called into question his understanding of the issues upon which he was pontificating. I had no personal animosity toward Mr. Khosla, and in fact we have communicated numerous times over the past couple of years. He has even offered to put me to work in the biofuels industry. So, definitely no hard feelings exist between us. He believes… Continue»