| Italic Title: | (see above) --> |
| Twilight in the Desert: The Coming Saudi Oil Shock and the World Economy | |
| Author: | Matthew Simmons |
| Country: | United States |
| Language: | English |
| Subject: | Petroleum industry in Saudi Arabia, peak oil |
| Genre: | Non-fiction |
| Publisher: | John Wiley & Sons |
| Pub Date: | June 10, 2005 |
| Media Type: | Print, e-book |
| Pages: | 448 pp. |
| Isbn: | 978-0471738763 |
Twilight in the Desert: The Coming Saudi Oil Shock and the World Economy is a book by American investment banker Matthew Simmons.[1] [2] The text was initially published on June 10, 2005 by John Wiley & Sons. The book focuses on the petroleum industry of Saudi Arabia and posits that this country is approaching—or already at—its peak oil output and cannot substantially increase its oil production.
—Review on theoildrum.com[3]
See main article: Simmons–Tierney bet. Simmons' prediction of rising oil prices made in Twilight in the Desert led to a bet with New York Times columnist John Tierney in August 2005. The two men bet US$10,000 on whether the daily price-per-barrel of crude oil averaged over the 2010 calendar year would exceed $200 when adjusted for inflation, with Simmons to win the bet if it did, or Tierney if it did not. The average price for a barrel of oil in 2010 turned out to be $80 ($71 in 2005 dollars, only slightly higher than the $65 barrel price when the bet was made). Simmons died on August 8, 2010, and the bet was paid out by his colleagues in Tierney's favor.[4]
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