Matthew Simmons, a highly respected investment banker and adviser to the Bush administration, is quoted in Al-Jazeera (Feb. 22) as saying that “we may have passed peak oil.”…
We have not made any preparation for this coming shortfall. President Carter, as one example, ordered the placement of solar hot-water panels on the White House roof to save energy. President Reagan, upon taking office, ordered that the panels be taken down and junked.
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Simmons, Campbell at Scottish Peak Oil Conference
The most startling part of his [Matthew Simmons’] reported statements is that Saudi Arabi [...]