Matthew Simmons on Peak Oil

Click the link for an article in The Economist about Matt Simmons opinions on peak oil theory.

The Only Way Is Down

I've been interested in peak oil for over a year now. For a long time, I had no idea the concept even existed and then for a short while believed it must be pure fiction. The more I read the facts, however, the more I became convinced that the experts like Mr. Simmons and James Howard Kunstler are the Paul Reveres of our day. Ironically, they are being treated more like muckrakers.
Now that the price of oil is skyrocketing, just as these men predicted, people are beginning to pay attention slightly. It's amazing that every student in this country is taught that those who do not heed the lessons of history are forced to repeat them and yet here we are ignoring them nonetheless.
No one believed the Nazis were a threat until it was too late, many did not believe the depression would really continue until it put 25% of the nation out of work and we may find ourselves walking with our eyes closed into intense energy scarcity. The silver lining is that we are primed for another industrial revolution by investing all our efforts into renewable energy sources. But, we need to take the cautionary advice of people like Matt Simmons more seriously if we are to do that.