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Matthew Simmons (Oil expert) Dies of a Heart Attack

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In case you haven't heard...

(Remember when Matt Simmons made some statements on the Rick Wiles broadcast not too long ago about the Gulf? In addition to being a proponent of Peak Oil...he also was a CFR member... he died of an alleged heart attack...)

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Matthew Simmons Dies

http://news.yahoo.com/s/nm/20100809/us_nm/us_simmons

BOSTON (Reuters) – Matthew Simmons, who rattled the energy industry by arguing the world was
rapidly approaching peak oil production capacity, died at his home in North Haven, Maine, the energy research group he founded said on Monday.

He died suddenly on Sunday, his Ocean Energy Institute said in a statement.

Simmons, 67, a former adviser to U.S. President George W. Bush, had a heart attack while in a hot tub, local media reported, citing a report by the Knox County Sheriff's Office.

In his 2005 book "Twilight in the Desert," Simmons argued Saudi Arabia's oil reserves were
nearing the highest levels of production they were capable of achieving, after which point
the world's yearly oil supply would begin to decline.

While Simmons' views on peak oil were regarded as somewhat controversial, he drew even more attention for a June 9 interview with Fortune magazine, in which he predicted BP Plc would
be driven bankrupt in "about a month" as the cleanup costs for the Gulf of Mexico oil spill
mounted.

A week later, Simmons & Co International (SCI), the investment bank that Simmons founded in
1974, said it was cutting ties with its founder, who until that point had served as chairman
emeritus.

Simmons said he was retiring from SCI to devote his time to The Ocean Energy Institute, a
think tank and venture capital fund addressing the challenges of U.S. offshore renewable
energy.

"Matt Simmons was an innovative thinker who pushed ideas that have the potential to yield a
more environmentally and economically sustainable future for Maine and the world," Maine

Governor John Baldacci said in a statement.

"Our state has been viewed as a leader in alternative energy in part because of the
groundbreaking work spearheaded by Matt Simmons and the Ocean Energy Institute," Baldacci
said.

(Reporting by Scott Malone and Edward McAllister; Editing by Daniel Trotta and Eric Beech)