Settling Accounts on Peak Oil

    In 2005, New York Times columnist John Tierney and Houston investment banker Matt Simmons made a bet on the average price of oil for 2010, to be settled today, January 1, 2011. Simmons died in August, 2010, but by that time it was reasonably certain that he was on the losing end of his bet with Tierney. Simmons had wagered that the average price of | Read More »

    Settling Accounts on Peak Oil

    In 2005, New York Times columnist John Tierney and Houston investment banker Matt Simmons made a bet on the average price of oil for 2010, to be settled today, January 1, 2011. Simmons died in August, 2010, but by that time it was reasonably certain that he was on the losing end of his bet with Tierney. Simmons had wagered that the average price of | Read More »