CNN Money Bashes McCain Under Guise Of Threatening $500 Oil
Apparently this genius’s answer is the Obama “Let’s Turn Our Food Into Fuel” plan.
“John McCain is energy illiterate,” Simmons is saying. “He’s just witless about this stuff. As a lifelong Republican, I’m supporting Obama.” A dozen oil and gas men sitting around a conference table in Lafayette, La., chuckle nervously as he continues. “McCain says, ‘Oh, we’re going to wean ourselves off foreign oil in four years and build 45 nuclear plants by 2030.’ He doesn’t have a clue.”
On this humid day in early June, Simmons is visiting a gas exploration company called PetroQuest Energy. Lafayette is a hub for the Gulf Coast oil and gas industry, and Simmons is in town to give a talk at the local college this evening. But he and Mike Frazier, the CEO of Simmons & Co., have stopped off for a private visit with the PetroQuest board. After a bit of his usual sermon - “There’s no end in sight to higher oil prices, unless the world economy absolutely collapses” - Simmons opens the room to questions. It’s obvious that his rhetoric has surprised his hosts. But Simmons is not the sort to mince words. (“Matt is the smartest analyst I’ve ever seen on energy,” said Frazier to me later, “but we don’t always agree on everything. Including politics.”)