 | DrumBeat: April 8, 2008 | The Oil Drum | EROI on the Web part 2 of 6, (Provisional Results Summary, Imported Oil, Natural Gas) |  |
80 comments on Shell Sponsoring Peak Oil Communication?
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80 comments on Shell Sponsoring Peak Oil Communication?
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Robert and Partypooper, Matthew Simmons is an investment banker to the energy industry.
Simmons & Company has a vested interest in being right! To suggest that Simmons' motives are only to drive the price up to increase his bottom line is cynical in the extreme. Simmons has recently been advising his clients to get out of Big Oil. His advice is to his clients has recently been to concentrate their investments in the oil service industry. His advice has been to concentrate their investments in companies like Schlumberger and Baker Hughes.
But my point is the primary job of Simmons & Company is to give advice. Simmons, like Jeremy Leggett, has a vested interest in being correct with his prognostications and advice.
Ron Patterson
Darwinian,
I know exactly what Matthew Simmons is. I read practically all his literature on energy with great interest and have listened to many of his interviews. I simply implied one could be suspicious of his motives, but I had overcome any suspicion. I said he has been "ranting on" and has been ignored, doesn't mean I think he was wrong, I said just the opposite.
I may not have worded my post that well, but if you read it again you may see I am an admirer of Matthew Simmons. I said (a little sarcasticly perhaps) that as time moves on he is looking more and more correct. John Tierney may have to dip into his pockets! I think MRS talks much sense, and as I stated in my post he has been ignored too long.
I hope you will read my posr again, sorry for missleading you if thats what I have done.