[Questions for: Matthew R. Simmons]

EnviroEngr · Last edited by EnviroEngr on Wed Nov 16, 2005 3:24 pm; edited 3 times in total

In contact now; discussing details. Hope to confirm by end of week 20-Aug-04.
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EnviroEngr · Posted: Tue Aug 31, 2004 9:12 pm Post subject: Biography

Biography

Matthew R. Simmons graduated cum laude from the University of Utah and received a Masters degree with distinction in Business Administration from Harvard Business School. He then served on the faculty as a research associate for two years. In 1974, he founded Simmons & Company International. He is past Chairman of the National Ocean Industries Association and a trustee of the Farnsworth Art Museum in Maine. He serves on the Board of Directors of the Associates - Harvard Business School and past President of the Harvard Business School Alumni Association. He serves as a Board Member of Kerr-McGee Corporation, Brown-Forman Corporation, the Center for Houstons Future, Houston Technology Center, ICIC and The Atlantic Council of The United States of America. He is also a member of the Counsel of Foreign Relations.

http://www.simmonsco-intl.com/default.asp
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EnviroEngr · Posted: Wed Sep 08, 2004 5:25 pm Post subject: Thumbs Up

I will be formatting questions for Matthew's consideration late this week and early next week and sending them along. As his replies start coming back in, I will get them posted.

This is setup as a two way exchange for now given Matthew's time constraints, so..... if new questions come up as he's answering the old, please post them.

EE
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The_Virginian · Light Sweet Crude Joined: Jun 19, 2004 Posts: 1528

Mr. Simmons,

How would you formulate the future energy policy of the United States of America?

Specificly, where would you place emphisis for future economic growth, and is this likely or even possible?
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lowem · Posted: Thu Sep 09, 2004 8:10 am Post subject:

Mr Simmons,

Your assertion that "... what that means, in the starkest possible terms, is that we are no longer going to be able to grow" in the Aug 2003 interview with Michael C. Ruppert (FTW) was the one, single, critical statement that stood out in the entire text.

I hope you can share a little bit with us what you might have gathered since then, which is now over a year ago, and what you intend to do about that. My questions are :

1. How close *are* we to the Peak? Do new fields coming online and new discoveries (Mexico?) make any discernible difference, in that do they "move" the Peak date in any significant way?

2. How is the largest oil field in the world, Ghawar in Saudi Arabia, holding up?

3. Has any progress at all been made to make the electric power grids more robust?

4. How do you plan to continue to bring the "we are no longer able to grow" message to the rest of the world, and how do you think the world will take it?

Thank you.

Low Ee Mien
Singapore
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AdvocatusDiaboli_gst1 · Guest

Mr. Simmons,

First, I wanted to ask you for your efforts on behalf of this important issue and for the chance to ask you questions.

1. You have had extensive dealings with the White House.
What is your opinion as to why the Bush administration is so hostile towards the idea of energy conservation? (tax credits for SUVs are much higher than for hybrids)

2. In your adress at the Hudson Institute you mentioned that in Ghawar, all the oil wells are in the North of the Field. Why is that?

3. What companies would you invest in for an oil peak?
Classic oil and refining companies have a certain pall of death on them even as the profits soar. I think we could see companies like Exxon with an earnings multiple of 5 or lower if the Oil Peak becomes commonly accepted. (doesn't mean they have to be a bad investment, maybe they earn ten times as much by then)

Nevertheless, it is hard to find a "no-brainer" for the oil peak. Do you have any suggestions? (and no, I won't complain if I lose all my money ; ) )

AdvocatusDiaboli · Tar Sands Joined: Aug 21, 2004 Posts: 53

Just for the record: The last post was mine, I was not logged in.

EnviroEngr · Posted: Mon Sep 13, 2004 8:50 pm Post subject: MattSimmons Pt.1

First Round of questions are out. 13-SEP-2004 2147
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backstop · Posted: Mon Sep 13, 2004 9:14 pm Post subject:

Mr Simmons,

Could you say to what extent the US would gain relative advantage over other major economies in the event of an early 'softer' peak occurring rather than a 'harder' one occuring say a decade later ?

regards,

Backstop

ShawnAvery · Tar Sands Joined: Sep 06, 2004 Posts: 52 Location: arizona

Mr. Simmons:

What are some good examples of events in world news/media that show that peak is imminent?

What other future events shall i look for in world news/media that show that peak is indeed upon us?

mididoctors · Posted: Wed Sep 22, 2004 6:19 pm Post subject:

Mr Simmons

Have you considered the social impact of the message you are conveying in predicting peak oil.

do you concern yourself with these knock on issues or is your thinking focused on transparency.

have you at any time planned how you would present your case or liaised with thinkers from other disciplines on how best to achieve this.

The reason I raise this is that to my mind there is a threat that Peak oil can be used as a spring board for a host of rather irrational arguments about the best course of action.

Boris
London

Markos101 · Posted: Thu Sep 23, 2004 8:32 am Post subject:

Mr Simmons,

1. Can you tell me how you think real-estate prices will perform in the coming years as a result of peak oil?

2. Given that oil is bought and sold in dollars (reserve currency), and that foreign countries generally 'hoard' dollars and store those dollars by buying US securities and bonds, which service US debt, what do you think the ramifications are on the US debt bubble as a result of peak oil, given the US is currently running up such a huge trade deficit?

Many thanks

Mark

EnviroEngr · Posted: Thu Sep 23, 2004 9:17 pm Post subject: Second Set of Questions Sent

All these and several from other threads plus the 19-Item list from the "Ask the experts" thread sent 23-SEP-2004::2209.

....could be awhile before things start trickling back in.
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AdvocatusDiaboli · Tar Sands Joined: Aug 21, 2004 Posts: 53

Enviro,
here is a question for Simmons:
Simmons is unsure whether the Aramco geologists in the early 1970s understated Ghawar's reserves by a lot.
Why not ask them? Surely their names are on some of the SPE papers, and surely some of them must still be alive.
All you have to do is find them and ask them.

AdvocatusDiaboli · Tar Sands Joined: Aug 21, 2004 Posts: 53

Here's another question:
When talking to normal people, everyone intuitively grasps the fact that a declining oil supply will wreak havoc on the economy.
When talking to economists however, the reaction more often than not is that "the market will fix it". The price of the commodity will rise and the market will provide alternatives. There needn't be an energy crisis. The market will react to the signals coming from the prices and it will lower demand in a benign way and increase supply with GTL or CTL or hydrogen or whatever.
Mr Simmons, how would you convince an economist that we need to do anything about Peak Oil in the first place and that the market won't simply take care of it on its own?