Matthew Simmons, chairman of Simmons & Co. International in Houston, talked yesterday with Bloomberg’s Rhonda Schaffler about the need to address energy use, his view that global supply has peaked and the likelihood oil prices could reach as much as $300 a barrel. (Source: Bloomberg)
Duration : 0:5:40
[youtube 4IwtAQzrfiw]
January 14th, 2010 at 11:33 am
It takes quite a …
It takes quite a bit of energy to recycle plastics, and the product gets worse every generation.
January 14th, 2010 at 11:33 am
“oil rigs are all …
“oil rigs are all 25+ years old….the age when we use to scrap em”
Oil company’s make the most profit in history, so why would they not be building new rigs? Peak oil has either happened or will happen very soon.
January 14th, 2010 at 11:33 am
Very well said!
Very well said!
January 14th, 2010 at 11:33 am
Peak oil will put …
Peak oil will put an uncomfortable stop to the exponential growth of all the things we define as human progress.
Be it population growth, economic or scientific progress. All of these things are ultimately dependent on a finite energy source and it is high time we rethink how our global society and economic system functions.
January 14th, 2010 at 11:33 am
Solar power is …
Solar power is energy. Conservation IS energy. All these things help the economy. Insulating your house frees up energy for other uses. All energy is more or less interchangeable. Save electricity with compact fluorescent bulbs & you’re also saving oil! Jack rabbit your car about and you’re also driving up the cost of electricity.
A dollar saved is . . .
January 14th, 2010 at 11:33 am
Here in Brazil, a …
Here in Brazil, a brent of ethanol costs just about R$50.
January 14th, 2010 at 11:33 am
Yep.. Drilling is …
Yep.. Drilling is about to become a must on the coasts of California, Florida, all the state coasts that never drilled before. But Guess what? Louisiana, Texas, Mississippi get the shaft at the 65 dollars a barrel. No wonder those states were holding out. Hmm 300 dollars a barrel? We’ll be paying $13.84 a gallon of fuel then. Business?
January 14th, 2010 at 11:33 am
And we’ll see more …
And we’ll see more laws which take away freedoms that claim to be directed to this so-called Oil Peak. Their answer is this.. lets make tons of money, reserve enough for the rich, and let the poor suffer. Then when we get low on oil, we’ll advertise a new location of oil fields, and start drilling again.
January 14th, 2010 at 11:33 am
Our government will …
Our government will have plenty of oil. Its the people who worked for it that won’t have it. Or they’ll need plenty of money to buy it. Rich getting richer, poor getting poorer.
Government will make sure they have plenty of fuel to fight wars if the have to. Even against angry civilian mobs.
January 14th, 2010 at 11:33 am
Uncle Sam is doing …
Uncle Sam is doing nothing against peak oil.
January 14th, 2010 at 11:33 am
what fuel will the …
what fuel will the recycling plants use?
January 14th, 2010 at 11:33 am
good luck you …
good luck you stupid humans
January 14th, 2010 at 11:33 am
The solution is …
The solution is nuclear and/or wind power, electric cars and an insane amount of lead-acid batteries, since they are cheap.