Matt Simmons on FinancialSense Newshour

A sound clip from Jim Puplava's Big Picture segment of the Financial Sense Newshour.
Matthew Simmons argues that conventional crude production peaked in May 2005 and that total world oil production will never go past 100 million barrels per day. He also shares his experience in some of the most promising renewable fuels (ammonia production), which could, in time, replace some of the lost production of liquid fuels.