Summary: Twilight in the Desert - BusinessNews Publishing - ebook

Summary: Twilight in the Desert ebook

BusinessNews Publishing

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Opis

The must-read summary of Matthew R. Simmons's book: “Twilight in the Desert: The Coming Saudi Oil Shock and the World Economy”.This complete summary of "Twilight in the Desert" by Matthew R. Simmons, a prominent public figure and name in the oil industry, presents his examination of the demand of oil and reveals that Saudi oil resources have been mismanaged and that this could lead to a catastrophic oil shortage. He lays out what Saudi Arabia and the rest of the world should do to prevent this crisis.Added-value of this summary:• Save time• Understand the threat posed to the oil industry in Saudi Arabia• Expand your knowledge of international politics and industryTo learn more, read "Twilight in the Desert" and discover what can be done to save the oil industry from the brink of crisis.

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Book Presentation: Twilight in the Desert by Matthew R. Simmons

Book Abstract

In Twilight in the Desert, Simmons explores the current state of global oil demand and asks if Saudi Arabia will be able to meet this rising demand in the coming years. Simmons believes that Saudi oil resources are being mismanaged and that this could lead to a rather sudden and catastrophic oil shortage.

Simmons presents a heavily-researched and fact-based case for this potential oil shortage and also takes an in-depth look at what America, Saudi Arabia and the rest of the world should do to help prepare for and prevent this potentially devastating crisis.

About the Author

Matthew Simmons is the Chairman and CEO of Simmons & Company International, a Houston-based investment bank specializing in the energy industry. One of the world’s foremost observers and analysts of the petroleum industry, Simmons holds an MBA from Harvard University. He also serves on the boards the Brown-Foreman Corporation and The Atlantic Council of the United States.

Summary of Twilight in the Desert (Matthew R. Simmons)

An Introduction

Saudi Arabia is home to the world’s largest proven petroleum reserves. Throughout its 70-year history, the kingdom has been a reliable and professional supplier of oil to the global energy markets. However, in oil production there is a trade-off: increasing production to avert supply disruptions inevitably diminishes long-term capacity. In other words, by utilizing their spare capacity to make up for temporary supply disruptions that could spark an oil crisis, the Saudis have acted as responsible global citizens, but at the expense of undermining the longer-term viability of their oil fields.

The Saudis have not publicly acknowledged this fact. Indeed, Saudi Aramco – the Saudi national oil company – maintains that they are sitting on more than 250 billion barrels of recoverable oil -- enough oil to meet the world’s rising energy needs for the next 50 years.