Its starting to look like Simmons gave up his position at Simmons & Co. to expose the situation in the Gulf and paid for it with his life. We will be checking into this and will keep you posted with the latest updates as the situation unfolds. Most news stations are reporting that he died of a heart attack, but at least two are reporting that he drowned. This does not look good. I am predicting that after today no one will ever talk about the reports that he drowned. Why would different news station be reporting a different cause of death?
Here at the Intel Hub we have been somewhat critical of a few of Simmons theories, but recently his two well theory was proven to be accurate. Simmons has been very vocal in declaring the Gulf a dead zone.
The Intel Hub sends our prayers to his family and friends.
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.
The debate about the effect of the Deepwater Horizon oil spill — he thought it would be cataclysmic — lead him to split with his old firm, Simmons & Co., of which he was the chairman emeritus.
His legacy will no doubt be his work on peak oil and resource scarcity.
NORTH HAVEN, Maine (NEWS CENTER) – The Knox County Sheriff’s Department says Matthew Simmons, the founder of the Ocean Energy Institute, drowned at his house on North Haven late Sunday night.
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