Matthew Simmons Interview: Peak Oil: The End

Jay: So what about the oil sands? Was Senator Orrin Hatch wrong about that or non-evolving technology that might reduce the cost of oil?

Matt: We know how to do it, but it’s extremely extensive and basically it takes a prolific amount of water and natural gas to flush the oil out of the sands or in-situ mining. Senator Hatch is also a big lever because on Capitol Hill, they’ve got shale oil, and he had a huge amount of briefings about how easy it is going to be to get oil shales out of Utah and Colorado. We had an interesting conversation one day where I reminded him I was from Utah; I said there is no one, I would be happy if that was real but it’s not.

Jutia Group