Simmons on Peaking
Production
What this means
Matthew R. Simmons
Simmons and Company
http://www.simmonsco-intl.com/research.aspx?Type=msspeeches
http://www.simmonsco-intl.com/research.aspx?Type=msspeeches
Video Interview with Simmons
http://www.youtube.com/watch?v=MCSTCEUJmFI
Objectives
Defining Peak Oil as a concept
Showing how it is calculated
By field
Aggregate to country
Aggregate to world
Objectives
Note problems/issues with methodology
Future demand not a constant – population is
growing as well as the global middle class
Future supply not fully known (possible new
fields)
Field by field data mainly not available
OPEC nations don’t release data
And are suspected of cheating
Saudi Arabia has the biggest “proven reserves”
and also keeps things “top secret”
http://www.simmonsco-intl.com/files/Capitol%20Hill%20-%20Depletion%20&%20Peak%20oil.pdf
Latest Data from ASPO (Association for the Study of Peak Oil and Gas)
http://www.peakoil.net/