Energy Crisis, A Discussion with Matt Simmons Pt2

Amidst skyrocketing oil prices, considerable financial activity in the oil market, and increased gas prices, producing and consuming nations alike are concerned about efficiency and supply. World Energy recently spent an afternoon with Matthew Simmons, president of the energy investment firm Simmons & Company International and author of Twilight in the Desert: The Coming Saudi Oil Shock and the World Economy, to hear his perspective on oil supplies, pump prices, generation and a return to post–World War II practices. Oil prices have been too low for too long, he says. “The problem isn’t that the prices are going up, it is that they have been so low for so long that we have been caught in a correction,” explains Simmons. “For those in the industry, Matt is seen as one of the top experts in the field,” commented Loomis. “For anyone looking for straight answers, Matt is one of the few unbiased sources for information related to the very issues facing our country and the planet.”