Simmons & Company Int'l are investment bankers to the energy industry, as stated on their website, and they alone are a multi-billion dollar corporation.
http://www.simmonsco-intl.com/
On the subject of Hubbert's Peak, Matthew Simmons, President and CEO of Simmons & Company, has testified to the US House of Representatives Subcommittee on Energy & Mineral Resources, and, the International Oil Service Industries Conference in Oslo, Norway, on the subject of a growing energy imbalance in Natural Gas resources.
His testimony can be found at the company website, here...
<a href=http://www.simmonsco-intl.com/domino/html/research.nsf/
$$ViewTemplate+For+news?openform>http://www.simmonsco-intl.com/domino/html/research.nsf/
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or downloaded in pdf format from this direct link...
<a href=http://www.simmonsco-
intl.com/domino/html/research.nsf/0/35A84E69B13811D286256BFB00624D65/$File/hor071602.pdf>http://www.simmonsco-
intl.com/domino/html/research.nsf/0/35A84E69B13811D286256BFB00624D65/$File/hor071602.pdf
In summary there is expected to be a shortage of natural gas in the near future. Natural gas is primarily used to generate electricity, to heat our homes and offices, and in industrial burners for production. In addition compressed natural gas is the fuel used in many of the nation's fleet vehicles such as forklifts, delivery vans, taxi cabs, even zambonis which make the ice surface smooth for the NHL. In the future natural gas is the expected feedstock for fuel
cell vehicles, which will use either compressed natural gas, compressed hydrogen, or liquid methanol. All of these systems are now in jeopardy.
For fuel cell cars, I would suggest that ethanol be focussed on, since a Direct Liquid Ethanol Fuel Cell is now available from Medis Technologies.
http://www.medistechnologies.com
Ethanol and biodiesel are the only practical renewable fuels for transportation, and ethanol is the only one that can be used in fuel cells. Sure, both can be used in internal combustion engines, but fuel cells would make renewable fuels more useful on a large scale since twice as many vehicles can use the same amount of fuel.
In my opinion, ethanol is the future for fuel cells.
A Letter from Matthew Simmons, CEO of Simmons & Co. Int'l
