Show: Peak Moment - Locally Reliant Living for Challenging Times
Episode: 130 Oil and Gas — The Next Meltdown?
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File Size of Episode Video: 1,001,579,910 Bytes
Description:
Drawing parallels with the current financial meltdown, Matthew Simmons, the CEO of Simmons & Company International, expresses his alarm about gasoline stocks being the lowest in several decades and refinery production down following recent hurricanes. He warns that if there were a run on the "energy bank" by everyone topping off their gasoline tanks, the U.S. would be out of fuel in three days, and grocery shelves largely emptied in a week.
In an interview plus excerpts from his presentation at the Association for the Study of Peak Oil (ASPO-USA) conference on September 22, 2008, Matt highlights the risks and vulnerabilities in the finished oil products system, and answers audience questions. (www.simmonsco-intl.com, www.aspo-usa.com).
Peak Moment Conversations 130-137 were videotaped at ASPO-USA 2008.
File Name of Episode: 130 Oil and Gas Next Meltdown.mpg
Date Episode Uploaded: Thursday, May 21, 2009 - 19:15
Downloads of This Episode: 14