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Twin Threats to Resource
Matthew R. Simmons, Chairman EmeritusSimmons & Company International
www.marsh.com
 
World Has Many Scarce Resources
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As global population grew, highest quality resources declined.
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 to over-consumption and discouragednew resource exploration.
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Most natural resources arenon-renewable.
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s o scarce meas s srng:
 Coppe Zinc –Tungsten Silver  GoldTo name but a few!
1
Marshs National Oil CompaniesConference 2010February 22 -24, 2010 –Intercontinental Hotel, Festival City, Dubai
 –Uranium
 
Many Scarce Resources Have Abundant Substitutes
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World could learn how to get along without copper.
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New technologies also obsolete some resource needs:
 –Telephone lines and wires are fast becomingosoee –Lead is barely used today
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,resource demands..
2
Marshs National Oil CompaniesConference 2010February 22 -24, 2010 –Intercontinental Hotel, Festival City, Dubai
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