MS

Matthew Simmons

17quotes

Matthew R. Simmons
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Full Name and Common Aliases


Matthew R. Simmons was a renowned American author, energy expert, and former investment banker.

Birth and Death Dates


Born on March 12, 1942, in Newport News, Virginia, Simmons passed away on August 8, 2010, at the age of 68.

Nationality and Profession(s)


Simmons was an American citizen with a background in finance and energy. He was a former investment banker and founder of Ods Consulting, a leading energy research and consulting firm.

Early Life and Background


Growing up in Virginia, Simmons developed an interest in engineering and economics during his teenage years. After completing high school, he attended the University of North Carolina at Chapel Hill, where he earned his Bachelor's degree in Engineering in 1963. Simmons then worked as a naval engineer before transitioning to finance with the Bank of America.

Major Accomplishments


Simmons is widely recognized for his groundbreaking work on the global oil industry and its implications for energy security. Some of his notable accomplishments include:

Serving as the chief executive officer (CEO) of Ods Consulting, which provided critical analysis on the global oil market.
 Advising prominent clients such as Goldman Sachs, Lehman Brothers, and Morgan Stanley.
Writing "Twilight in the Desert," a critically acclaimed book that warned about the impending decline of global oil production.

Notable Works or Actions


Simmons authored several influential books on energy policy and economics. Some notable works include:

"The Endangered Planet: Promising Technologies for Improvement" (1982) - an early exploration of alternative energy sources.
* "Twilight in the Desert: The Coming Oil Crisis and the World Economy" (2005) - a comprehensive analysis of global oil production trends.

Impact and Legacy


Simmons' work has had significant impacts on the global conversation about energy security. His warnings about impending declines in oil production have been widely cited by governments, corporations, and media outlets worldwide.

Why They Are Widely Quoted or Remembered


Matthew Simmons is remembered as a pioneering voice in the field of energy policy and economics. His meticulous research and analysis continue to shape discussions on global oil markets and their implications for the world economy.

Quotes by Matthew Simmons

Saudi Arabian oil production is at or very near its peak sustainable volume (if it did not, in fact peak almost 25 years ago), and is likely to go into decline in the very foreseeable future. There is only a small probability that Saudi Arabia will ever deliver the quantities of petroleum that are assigned to it in all the major forecasts of world oil production and consumption.
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Saudi Arabian oil production is at or very near its peak sustainable volume (if it did not, in fact peak almost 25 years ago), and is likely to go into decline in the very foreseeable future. There is only a small probability that Saudi Arabia will ever deliver the quantities of petroleum that are assigned to it in all the major forecasts of world oil production and consumption.
MS
#saudi-arabia
We've run out of good projects. This is not a money issue... If these oil companies had fantastic projects, they'd be out there [developing new fields].
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We've run out of good projects. This is not a money issue... If these oil companies had fantastic projects, they'd be out there [developing new fields].
MS
#running
We need to find three Saudi Arabias just to offset [the] decline.
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We need to find three Saudi Arabias just to offset [the] decline.
MS
#environmental
For the first time in our lifetime, we are out of any form of spare capacity. It is a different energy world we live in today.
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For the first time in our lifetime, we are out of any form of spare capacity. It is a different energy world we live in today.
MS
#energy
In 2003 there was basically a chain-link fence around this incredible facility. What's worrisome is that the various bombings that have taken place in these complexes in Saudi Arabia so far have all had the markings of being an inside job.
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In 2003 there was basically a chain-link fence around this incredible facility. What's worrisome is that the various bombings that have taken place in these complexes in Saudi Arabia so far have all had the markings of being an inside job.
MS
#arabia
The 'twilight' of Saudi Arabian oil envisioned in this book is not a remote fantasy.
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The 'twilight' of Saudi Arabian oil envisioned in this book is not a remote fantasy.
MS
Everyone keeps thinking there is a (price) ceiling...There is no ceiling,
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Everyone keeps thinking there is a (price) ceiling...There is no ceiling,
MS
#keeps
There isn't a middle argument. It's a finite resource. The only debate should be over when we peak.
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There isn't a middle argument. It's a finite resource. The only debate should be over when we peak.
MS
#debate
This is the big story for these companies. They're so big, they're having a very hard time growing. The only thing they really know how to do well is buy back stock.
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This is the big story for these companies. They're so big, they're having a very hard time growing. The only thing they really know how to do well is buy back stock.
MS
#buy
Prices are really cheap today and they need to go a lot higher, and they probably will go a lot higher,
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Prices are really cheap today and they need to go a lot higher, and they probably will go a lot higher,
MS
#cheap
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