Matt Simmons has died...

[Subdivisions]

http://www.bloomberg.com/news/2010-08-09/matthew-simmon...

Matthew R. Simmons, an energy investment banker who was a leading proponent of the “peak oil” theory that claims the Earth is running out of crude, died yesterday. He was 67.

The former chairman of Simmons & Co. International “passed away suddenly,” according to an e-mailed statement today from the Ocean Energy Institute, which Simmons started in 2007 to explore opportunities for harvesting energy from the seas. He is survived by his wife, Ellen, and their five daughters.

Simmons started Houston-based Simmons & Co. in May 1974 with a focus on the oil-services industry, according to the company’s website. The firm expanded to offer research, institutional sales and investment banking in the energy industry. Simmons promoted the idea that world oil reserves are peaking, and he explored the implications in a 2005 book called “Twilight in the Desert.”

“He was somebody that was very comfortable challenging conventional wisdom, someone that thought beyond the near term and was a very good analyst in terms of identifying big trends,” said Dan Pickering, who worked at Simmons & Co. from 1996 to 2004 and is now co-president of the Tudor Pickering Holt & Co. investment bank in Houston.

...snip...



This is the oil banker who was very controversial following the BP oil gusher and explosion. He claimed that what we were being shown wasn't the what the true situation was.

Developing...

ETA: Here's a link describing Simmons' claims re: the BP oil catastrophe.

http://www.businessinsider.com/matt-simmons-dies-2010-8#ixzz0w8xNWZBo

[FBaggins]

1. Reportedly of a heart attack in a hot tub.

I suppose if you've gotta go... there are worse ways.

RIP Matt.

[Subdivisions]

3. Here's a link also saying heart attack...

http://www.businessinsider.com/matt-simmons-dies-2010-8

Prominent oil investor Matt Simmons died of a heart attack last night at his home in North Haven, Maine, according to police reports.

The famed energy banker was a prominent proponent of peak oil theory, and most recently got attention for his dire calls about the fate of the Gulf of Mexico.

http://www.businessinsider.com/matt-simmons-dies-2010-8#ixzz0w8xNWZBo

[Subdivisions]

2. More...apparently he drowned at his home...

http://www.wlbz2.com/news/local/story.aspx?storyid=123586&catid=3