Skip to main content

Matt Simmons interview on BP Gulf disaster

King World News recently interviewed Matthew Simmons for his latest take on the BP Gulf disaster.

You can hear Matt's alarming warnings about the coming fallout from this environmental catastrophe, along with his view of what's really happening in the Gulf and the region, in the interview linked above.

In addition, we also want to examine some of Matt Simmons' claims and his motives for speaking out on this disaster. There's been a lot of talk about Simmons' short position in BP stock (which Matt spoke about in a recent Bloomberg TV interview), along with some questions (including my own) about any conflicts of interest he might have as founder of the Ocean Energy Institute, "a think-tank and venture capital fund addressing the challenges of U.S. offshore renewable energy".

Earlier today, Chris Nelder pointed to this Robert Rapier piece entitled, "Is Matt Simmons Credible?". Rapier outlines what he feels are some of Simmons' more outlandish or incorrect claims regarding the BP disaster and why Simmons may not be the authority on the spill that he presents himself to be.

While I have respect for Simmons and am always interested to hear his views on energy matters, the Rapier post does provide some useful food for thought, especially given the more uncritical questioning Simmons has encountered from many interviewers who are not energy specialists, to say the least.

Popular posts from this blog

Seth Klarman: Margin of Safety (pdf)

Welcome, readers! Signup for free email updates at the Finance Trends Newsletter . Update: PDF links removed due to DMCA notice. Please see our extensive Klarman book notes below. New visitors, please check the Finance Trends home page for all new posts. Here's something for anyone who has been trying to get a look at Seth Klarman's now famous, and out of print, 1991 investment book, Margin of Safety .  My knowledge of value investing is pretty much limited to what I've read in Ben Graham's The Intelligent Investor (the book which originally popularized the investment concept of a "Margin of Safety"), so check out the wisdom from Seth Klarman and other investing greats in our related posts below. You can also go straight to Ronald Redfield's Margin of Safety book notes .    Related posts: 1. Seth Klarman interviews and Margin of Safety notes     2. Seth Klarman: Lessons from 2008 3. Investing Lessons from Sir John Templeton 4.

Clean Money - John Rubino: Book review

Clean Money by John Rubino 274 pages. Hoboken, New Jersey John Wiley & Sons. 2009. 1st Edition. The bouyant stock market environment of the past several years is gone, and the financial wreckage of 2008 is still sharp in our minds as a new year starts to unfold. Given the recent across-the-board-declines in global stock markets (and most asset classes) that have left many investors shell-shocked, you might wonder if there is any good reason to consider the merits of a hot new investment theme, such as clean energy. However, we shouldn't be too hasty to write off all future stock investments. After all, the market declines of 2008 may continue into 2009, but they may also leave interesting investment opportunities in their wake. Which brings us to the subject of this review. John Rubino, author and editor of GreenStockInvesting.com , recently released a new book on renewable energy and clean-tech investing entitled, Clean Money: Picking Winners in the Green Tech Boom . In Clean

Slate profiles Victor Niederhoffer

Slate's recent profile of writer/speculator, Vic Niederhoffer has been getting some attention from traders and finance types in recent days. I thought we'd take a look at it here too, to offer up some possible educational value from Vic's experiences with trading and loss. Here's an excerpt from Slate's profile of Victor Niederhoffer : " I've enjoyed getting your e-mails. It sounds like you've thought a lot about being wrong. Well, the reason you contacted me, to call a spade a spade, is that I'm sort of infamous for having made a big, notorious, terrible error not once but twice in my market career. Let's talk about those errors. The first was your investment in the Thai baht, which pretty much wiped you out when the Thai stock market crashed in 1997. I made so many errors there it's pathetic. I made one of my favorite errors: "The mouse with one hole is quickly cornered." That is key. There are certain decisions you make in li