Matthew Simmons: Oil markets face ‘Pearl Harbour’

globe-in-oil-drop

Matthew Simmons, President George W. Bush’s former energy adviser, speaking at the Energy Risk USA conference in Houston this week, said: “There are insurmountable issues that industry has to get to grips with." Simmons, now chairman emeritus at energy investment banking firm Simmons & Company International, said: “The oil market is on the cusp of its own Pearl Harbour. I believe  oil reserves are not as plentiful as first predicted. We have diminishing amounts of light sweet crude oil and this

To continue reading...

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: