''Twilight in the Desert: The Coming Saudi Oil Shock and the World Economy'' is a book by American investment banker
Matthew 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 invest ...
. The text was initially published on June 10, 2005 by
John Wiley & Sons
John Wiley & Sons, Inc., commonly known as Wiley (), is an American multinational publishing company founded in 1807 that focuses on academic publishing and instructional materials. The company produces books, journals, and encyclopedias, ...
. The book focuses on the petroleum industry of Saudi Arabia and posits that this country is approaching—or already at—its
peak oil
Peak oil is the hypothetical point in time when the maximum rate of global oil production is reached, after which it is argued that production will begin an irreversible decline. It is related to the distinct concept of oil depletion; whil ...
output and cannot substantially increase its oil production.
Overview
—Review on theoildrum.com
Simmons–Tierny bet
Simmons' prediction of rising oil prices made in ''Twilight in the Desert'' led to a bet with ''New York Times'' columnist
John Tierney in August 2005. The two men bet US$10,000 on whether the
daily price-per-barrel of
crude oil averaged over the 2010 calendar year would exceed $200 when adjusted for inflation, with Simmons to win the bet if it did, or Tierney if it did not. The average price for a barrel of oil in 2010 turned out to be $80 ($71 in 2005 dollars, only slightly higher than the $65 barrel price when the bet was made). Simmons died on August 8, 2010, and the bet was paid out by his colleagues in Tierney's favor.
[Beyond Oil
''Beyond Oil: The View from Hubbert's Peak'' is a 2005 book by Kenneth S. Deffeyes. Deffeyes was a geologist who warned of the coming oil crisis in a previous book called '' Hubbert's Peak''.
Overview
In this book, he explores the Earth's supp ...]
'' by Sanjay K. Patel
* ''