Wikileaks, Peak Oil, and Matt Simmons
"We're sitting on an illusion that Saudi Arabia has all this vast amount of producible oil"
The above quote comes from Matt Simmons, the late energy expert and peak oil theorist, in a 2005 interview with Jim regarding his now prophetic book, "Twilight in the Desert: The Coming Saudi Oil Shock and the World Economy."
In lieu of Wikileaks most recent report regarding the alarming revelation that Saudi oil reserves may be overstated by 40%, I highly recommend listening to this interview regarding Matt's findings and his predictions for the near-term impacts on the world economy.
Also, Jim wrote a 16-page report titled, "Hubbert's Peak & The Economics of Oil" where he gives an extremely detailed analysis of peak oil and its geopolitical ramifications. Here's a list of some of the issues discussed:
- Oil Markets are Multi-Dimensional
- The Law of Depletion
- Hubbert: A Prophet of His Day
- World Production Estimates
- No Major Discoveries
- A Theoretical Surplus
- Oil is Geopolitical
- The Future of War
- What Can We Conclude
I consider it and Matt Simmons' book two must reads for those interested in gaining insights into peak oil and its possible effects upon the world we live in.
About Cris Sheridan
Cris Sheridan Archive
|09/23/2016||Book Interview: Weapons of Math Destruction||bcast|
|09/22/2016||Urban Carmel: Market in the Fifth and Final Wave||bcast|
|09/21/2016||Charles Hugh Smith: Optimizing Bad Policy Guaranteed to Fail||bcast|
|09/16/2016||RenMac’s Pat Nipper: Not Yet at Major Turning Point in Bond Yields||bcast|
|09/14/2016||Charles Bolin: Data Still Argues for Caution||bcast|
|09/09/2016||Matthew Kerkhoff: Global Economy Hitting Natural Constraints to Exponential Growth||bcast|
|09/08/2016||Ben Hunt on Magical Thinking, Spell-Casting Econometric Models||bcast|
|09/02/2016||Martin Armstrong on Dow 40,000, Trump Win, and Collapse of the Euro||bcast|
|09/01/2016||Erin Heim’s Technical Outlook on Stocks, Gold, Oil, and More||bcast|
|08/31/2016||Peter Zeihan on “The Accidental Superpower”||bcast|