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and all that, but Matt Simmons is smarter than most.  He pulled together the geological reports that enabled him to accurately predict the peaking of Saudi oil production several years before it happened, at a time when few imagined the Saudis could be close to peaking.  

So if someone wants to gainsay Simmons they really should have some good arguments lined up.  

The out-of-hand dissing smells of incompetence on the part of those dissing.  

The Fates are kind.

by Gaianne on Sat Jun 19th, 2010 at 03:32:11 PM EST
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Interesting comment, Saudi peaked back in 1980. Simmons wasn't nothing but an ordinary stock market investor back then - without disregarding the work he has done more recently.

As I wrote before, so far there is no evidence supporting Simmons's claims of a second leak, far from the BOP, flowing at 120 Kb/d. Also, given that no well at the GOM as ever produced more than 50 Kb/d, the changes of this being true are really slim.

luis_de_sousa@mastodon.social

by Luis de Sousa (luis[dot]de[dot]sousa[at]protonmail[dot]ch) on Sat Jun 19th, 2010 at 03:53:53 PM EST
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The Fates are kind.
by Gaianne on Sat Jun 19th, 2010 at 05:52:05 PM EST
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Yep, they did. But not because of geological constraints. Central banker of the oil market and all that.

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid on Sat Jun 19th, 2010 at 08:47:27 PM EST
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