Matthew Simmons is well known within the industry for his predictions on peak oil. He first shot to prominence by arguing that Saudi Arabia was running out of oil and had inflated its reserves figures. His findings were published in the controversial book, Twilight in the Desert: The Coming Saudi Oil Shock and the World … Read More
Day: August 22, 2006
America Starts to Wean Itself off Oil
George W might have admitted that America is addicted to oil, but there have been two recent indicators showing the USA’s growing desire for alternative technologies. The American Wind Energy Association has announced that wind energy capacity in the US now exceeds 10,000MW for the first time. This growth has been driven partly by concerns … Read More