Energy Stocks Will Surge When the Recession Ends

(Bloomberg) — The U.S. produced about 88 percent more oil in 1970 than it does today. Production has been declining for 39 years since hitting that level.

When will world oil production peak? Many energy experts believe it already may be happening or will within four years.

One of them is Matthew Simmons, head of Houston-based Simmons & Co., an investment bank specializing in the energy market. His 2006 book,