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Matthew Simmons, Who Said Global Crude Production Has Peaked, Dies at 67

August 11, 2010

From Bloomberg

Matthew R. Simmons, an energy investment banker and a leading proponent of the “peak oil” theory that claims the Earth is running out of crude, died yesterday.

Simmons, 67, died in an accidental drowning at his home in Maine, local officials said.

Simmons started Houston-based Simmons & Co. in May 1974 with a focus on the oil-services industry, according to the company’s website. The firm expanded to offer research, institutional sales and investment banking in the energy industry. Simmons promoted the idea that world oil reserves are peaking, and he explored the implications in a 2005 book called “Twilight in the Desert.”

“In the history of the petroleum era, Matt Simmons will be remembered for calling attention to ‘peak oil,’” T. Boone Pickens, chairman of BP Capital LLC, said in an e-mailed statement. “You had to admire his advocacy and his ability to focus on the need to better prepare for a new energy future.”

From Bloomberg

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