The Last Great Energy Illusion?

Few people have done more to coax a complacent, energy-voracious world out of its self-induced stupor than Matthew Simmons.

A successful energy industry investment banker from Houston who once advised the Bush campaign in 2000, Simmons is the Saul of Peak Oil. His transformation from oil and gas project financier to peak oil apostle didn’t occur during a blinding encounter on the road to old Damascus, but over weeks and months of reflection and research on comments he’d heard during an oil industry conference on the Persian Gulf several years ago.

..Near the conclusion of his luncheon speech, Simmons conceded that maybe Middle East oil reserve estimates made in the 1980s might have been good guesses.

“Undiscovered Middle East oil might be found,” he said, “but this also might be the last great energy illusion.”

The central question is, should the world continue gamble its future on the unknown and possibly unknowable?

You can listen to Mr. Simmon’s complete presentation using the Flash-based MP3 Player above or by downloading it to your computer hard drive for playback on your favorite MP3 device.

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