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Matt Simmons
Matthew Roy Simmons (April 7, 1943 – August 8, 2010) was founder and chairman emeritus of Simmons & Company International, and was a prominent figure in the field of peak oil. Simmons was motivated by the 1973 energy crisis to create an investment banking firm catering to oil companies. He served as an energy adviser to U.S. President George W. Bush and was a member of the National Petroleum Council and the Council on Foreign Relations. Simmons, who lived in Houston, Texas, died at his vacation home in North Haven, Maine, on August 8, 2010, at the age of 67."Utah native Matthew Simmons, energy investment banker, dies in Maine" ''Deseret News'' (2010-08-09). Retrieved on 2012-05-20. The death was ruled " ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kaysville, Utah
Kaysville is a city in Davis County, Utah. It is part of the Ogden–Clearfield metropolitan area. The population was 27,300 at the time of the 2010 census, with an estimated population of 32,390 in 2019. History Shortly after Latter Day Saint pioneers arrived in 1847, the Kaysville area, originally known as "Kay's Creek" or Kay's Ward, was settled by Hector Haight in 1850 as a farming community. He had been sent north to find feed for the stock and soon thereafter constructed a cabin and brought his family to settle the area. Farmington, Utah also claims Hector Haight as its original settler. Two miles north of Haight's original settlement, Samuel Holmes built a cabin in 1849 and was soon joined by other settlers from Salt Lake, namely Edward Phillips, John Green, and William Kay. Although settlement began in the 1840s, the name of Kaysville connects with the fact that in 1851 William Kay was made the bishop in the vicinity by Brigham Young and Heber C. Kimball. After the mov ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Club Of Rome
The Club of Rome is a nonprofit, informal organization of intellectuals and business leaders whose goal is a critical discussion of pressing global issues. The Club of Rome was founded in 1968 at Accademia dei Lincei in Rome, Italy. It consists of one hundred full members selected from current and former heads of state and government, UN administrators, high-level politicians and government officials, diplomats, scientists, economists, and business leaders from around the globe. It stimulated considerable public attention in 1972 with the first report to the Club of Rome, ''The Limits to Growth''. Since 1 July 2008, the organization has been based in Winterthur, Switzerland. Formation The Club of Rome was founded in April 1968 by Aurelio Peccei, an Italian industrialist, and Alexander King, Director-General for Scientific Affairs at the OECD. It was formed when a small international group of people from the fields of academia, civil society, diplomacy, and industry met at Vil ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Peak Oil – Imposed By Nature
Peak or The Peak may refer to: Basic meanings Geology * Mountain peak ** Pyramidal peak, a mountaintop that has been sculpted by erosion to form a point Mathematics * Peak hour or rush hour, in traffic congestion * Peak (geometry), an (''n''-3)-dimensional element of a polytope * Peak electricity demand or peak usage * Peak-to-peak, the highest (or sometimes the highest and lowest) points on a varying waveform * Peak (pharmacology), the time at which a drug reaches its maximum plasma concentration * Peak experience, psychological term for a euphoric mental state Resource production In terms of resource production, the peak is the moment when the production of a resource reaches a maximum level, after which it declines; in particular see: * Peak oil * Peak car * Peak coal * Peak copper * Peak farmland * Peak gas * Peak gold * Peak minerals * Peak phosphorus * Peak uranium * Peak water * Peak wheat * Peak wood Other basic meanings * Visor, a part of a hat, known as a "peak" in Br ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Demand Destruction
Demand destruction is a permanent downward shift on the demand curve in the direction of lower demand of a commodity, such as energy products, induced by a prolonged period of high prices or constrained supply. In the context of the oil industry, "demand" generally refers to the quantity consumed (see for example the output of any major industry organization such as the International Energy Agency), rather than any measure of a demand curve as used in mainstream economics. In economics, demand destruction refers to a permanent or sustained decline in the demand for a certain good in response to persistent high prices or limited supply. Because of persistent high prices, consumers may decide that it is not worth purchasing as much of that good, or seek out alternatives as substitutes. Usage The term came to some prominence in tandem with the peak oil theory, where demand destruction is the reduction of demand for oil and oil-derived products. The term is used by Matthew Si ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Late-2000s Recession
The Great Recession was a period of marked general decline, i.e. a recession, observed in national economies globally that occurred from late 2007 into 2009. The scale and timing of the recession varied from country to country (see map). At the time, the International Monetary Fund (IMF) concluded that it was the most severe economic and financial meltdown since the Great Depression. One result was a serious disruption of normal international relations. The causes of the Great Recession include a combination of vulnerabilities that developed in the financial system, along with a series of triggering events that began with the bursting of the United States housing bubble in 2005–2012. When housing prices fell and homeowners began to abandon their mortgages, the value of mortgage-backed securities held by investment banks declined in 2007–2008, causing several to collapse or be bailed out in September 2008. This 2007–2008 phase was called the subprime mortgage crisis. Th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
NY Times
''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid digital subscribers. It also is a producer of popular podcasts such as '' The Daily''. Founded in 1851 by Henry Jarvis Raymond and George Jones, it was initially published by Raymond, Jones & Company. The ''Times'' has won 132 Pulitzer Prizes, the most of any newspaper, and has long been regarded as a national "newspaper of record". For print it is ranked 18th in the world by circulation and 3rd in the U.S. The paper is owned by the New York Times Company, which is publicly traded. It has been governed by the Sulzberger family since 1896, through a dual-class share structure after its shares became publicly traded. A. G. Sulzberger, the paper's publisher and the company's chairman, is the fifth generation of the family to head the pape ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Price Of Oil
The price of oil, or the oil price, generally refers to the spot price of a barrel () of benchmark crude oil—a reference price for buyers and sellers of crude oil such as West Texas Intermediate (WTI), Brent Crude, Dubai Crude, OPEC Reference Basket, Tapis crude, Bonny Light, Urals oil, Isthmus and Western Canadian Select (WCS). Oil prices are determined by global supply and demand, rather than any country's domestic production level. The global price of crude oil was relatively consistent in the nineteenth century and early twentieth century. This changed in the 1970s, with a significant increase in the price of oil globally. There have been a number of structural drivers of global oil prices historically, including oil supply, demand, and storage shocks, and shocks to global economic growth affecting oil prices. Notable events driving significant price fluctuations include the 1973 OPEC oil embargo targeting nations that had supported Israel during the Yom Kippur War ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Julian Lincoln Simon
Julian Lincoln Simon (February 12, 1932 – February 8, 1998) was an American professor of business administration at the University of Maryland and a Senior Fellow at the Cato Institute at the time of his death, after previously serving as a longtime economics and business professor at the University of Illinois at Urbana-Champaign. Simon wrote many books and articles, mostly on economic subjects. He is best known for his work on population, natural resources, and immigration. Simon is sometimes associated with cornucopian views. Rather than focus on the abundance of nature, Simon focused on lasting economic benefits from continuous population growth, even despite limited or finite physical resources, empowered primarily by human ingenuity which would create substitutes, and technological progress. He is also known for the famous Simon–Ehrlich wager, a bet he made with ecologist Paul R. Ehrlich. Ehrlich bet that the prices for five metals would increase over a decade, while ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
John Tierney (journalist)
John Marion Tierney (born March 25, 1953) is an American journalist and a contributing editor to ''City Journal'', the Manhattan Institute for Policy Research, Manhattan Institute's quarterly publication. Previously he had been a reporter and columnist at the ''New York Times'' for three decades since 1990. A self-described contrarian, Tierney is a critic of aspects of environmentalism, the "science establishment", big government, and calls for limiting emissions of carbon dioxide. Early and personal life Tierney was born in 1953 outside Chicago, and grew up in "the Midwest, South America and Pittsburgh". He graduated from Yale University in 1976. He was previously married to Dana Tierney, with whom he had one child. They later divorced, and Tierney remarried to anthropologist and love expert Helen Fisher (anthropologist), Helen Fisher in 2020. Career After graduating college, Tierney was a newspaper reporter for four years, first at the ''Bergen Record'' in New Jersey and then ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Economist
''The Economist'' is a British weekly newspaper printed in demitab format and published digitally. It focuses on current affairs, international business, politics, technology, and culture. Based in London, the newspaper is owned by The Economist Group, with its core editorial offices in the United States, as well as across major cities in continental Europe, Asia, and the Middle East. In 2019, its average global print circulation was over 909,476; this, combined with its digital presence, runs to over 1.6 million. Across its social media platforms, it reaches an audience of 35 million, as of 2016. The newspaper has a prominent focus on data journalism and interpretive analysis over original reporting, to both criticism and acclaim. Founded in 1843, ''The Economist'' was first circulated by Scottish economist James Wilson to muster support for abolishing the British Corn Laws (1815–1846), a system of import tariffs. Over time, the newspaper's coverage expanded further into ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Saudi Aramco
Saudi Aramco ( ar, أرامكو السعودية '), officially the Saudi Arabian Oil Company (formerly Arabian-American Oil Company) or simply Aramco, is a Saudi Arabian public petroleum and natural gas company based in Dhahran. , it is one of the largest companies in the world by revenue. Saudi Aramco has both the world's second-largest proven crude oil reserves, at more than , and largest daily oil production of all oil-producing companies. It is the single greatest contributor to global carbon emissions of any company in the world since 1965. On 11 May 2022, Saudi Aramco became the largest (most valuable) company in the world by market cap, surpassing Apple Inc. Saudi Aramco operates the world's largest single hydrocarbon network, the Master Gas System. In 2013 crude oil production total was , and it manages over one hundred oil and gas fields in Saudi Arabia, including 288.4 trillion standard cubic feet (scf) of natural gas reserves. Saudi Aramco operates the Ghawar Field ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ghawar
Ghawar (Arabic: الغوار) is an oil field located in Al-Ahsa Governorate, Eastern Province, Saudi Arabia. Measuring (some ), it is by far the largest conventional oil field in the world, and accounts for roughly a third of the cumulative oil production of Saudi Arabia as of 2018. Ghawar is entirely owned and operated by Saudi Aramco, the state-run Saudi oil company. In April 2019, the company first published its profit figures since its nationalization nearly 40 years ago in the context of issuing a bond to international markets. The bond prospectus revealed that Ghawar is able to pump a maximum of per day—well below the more than per day that had become conventional wisdom in the market. Geology Ghawar occupies an anticline above a basement fault block dating to Carboniferous time, about 320million years ago; Cretaceous tectonic activity, as the northeast margin of Africa began to impinge on southwest Asia, enhanced the structure. Reservoir rocks are Jurassic Arab- ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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