What is the truth about Peak Oil?
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About the video: ‘What is the truth about Peak Oil?’
Matt Simmons takes a candid look at the future of global oil and gas supply and demand. Forecasts show demand booming as developing countries such as China and India continue to prosper. But while demand grows, supply can only stagnate. Simmons says that all oil fields and basins are now in production decline. In short, we should prepare for a peak in oil and gas supply. Beyond this point, demand will outstrip supply. Hoarding will result, which could lead to a new rash of energy wars.
Total views: 2,113
Filmed: London, UK on 14 February 2007
Credits: Interviewer - Marcus Morrell, Camera and Editor - Marcus Morrell
Copyright © 2007 Big Picture TV
About Matthew Simmons
Matthew Simmons is one of the world’s leading experts of peak oil.
He is Chairman of Simmons & Company International, a specialized energy investment banking firm. The firm has completed approximately 600 investment banking projects for its worldwide energy clients, at a combined dollar value of over US$65 billion. Mr. Simmons’ papers and presentations are regularly published in a number of journals and publications including World Oil, Oil and Gas Journal, Petroleum Engineers, Offshore and Oil & Gas Investors.
Simmons is the author of the book “Twilight in the Desert: The Coming Saudi Oil Shock and the World Economy”(2005).
Other videos with Matthew Simmons
Matthew Simmons
What is the truth about the world’s oil reserves?
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Simmons says that coal will continue to be an important part of the global energy mix. However, he warns that clean coal technologies, such as the Fischer-Tropsch process that converts…
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Matthew Simmons
What are the options for renewable energy? (part 1)
Simmons discusses the different renewable energy technologies on the market today. Wind and solar power have their place; however, both produce energy only intermittently which…
Recorded: 14 February 2007
Matthew Simmons
What are the options for renewable energy? (part 2)
Matt Simmons says that we are already equipped with the technology to engage revolutionary systems of power generation. He mentions the ability to capture solar energy in space…
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