This week in bad energy news

…One of the most outspoken members of the Peak Oil contingent, Matt Simmons, an author and energy industry investment banker from Houston, was on CNBC last week and called the GAO report an important step forward for the U.S. in dealing with the issue. But that was about all he had to say that was positive. He also talked


So far the debate has been over what to do about the drop in production and whether the Mexican constitution should be rewritten to allow foreign companies to work on the country’s oil assets