Matthew Simmons Showed Decline in Oil, Says Morse: Tom Keene
This article is for subscribers only.
The late Matthew R. Simmons’ greatest contribution was showing that the supply of oil is finite, said Edward Morse, the New York-based head of commodities research at Credit Suisse Group AG.
Simmons, an energy investment banker and leading proponent of the “peak oil” theory that claims the Earth is running out of crude, died Aug. 8 at 67 in an accidental drowning at his home in North Haven, Maine, local officials said. He made “remarkable contributions” in making the energy market transparent and helping the U.S. understand Saudi Arabia, Morse said.