Oil drying up 'faster than we think'
Long-addicted to cheap abundant Middle East oil, the United States – and the rest of the world – may soon have to go on the methadone programme.
That is the message from American oil industry insider Matthew Simmons, who is in New Zealand to speak at Crown Minerals' 2006 Petroleum Conference, which starts today.
Mr Simmons is the founder, chairman and chief executive of Simmons and Co, an investment bank specialising in the oil industry, which counts Halliburton, General Electric and the World Bank among its clients. He served as an energy adviser on the Bush-Cheney 2000 presidential campaign and most recently caused a stir in energy circles with his book – Twilight in the Desert – The Coming Saudi Oil Shock and the World Economy, published last year.
( Full story here )
That is the message from American oil industry insider Matthew Simmons, who is in New Zealand to speak at Crown Minerals' 2006 Petroleum Conference, which starts today.
Mr Simmons is the founder, chairman and chief executive of Simmons and Co, an investment bank specialising in the oil industry, which counts Halliburton, General Electric and the World Bank among its clients. He served as an energy adviser on the Bush-Cheney 2000 presidential campaign and most recently caused a stir in energy circles with his book – Twilight in the Desert – The Coming Saudi Oil Shock and the World Economy, published last year.
( Full story here )
posted by Oil Shock at 3/05/2006 09:54:00 AM
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