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Oil Supply Shock

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The U.S. is vulnerable and the government is unprepared for unacceptably high risks of oil supply shock, with Matthew Simmons, Simmons & Co. International chairman; John Kilduff, Fimat USA Energy Risk Management senior vice president and CNBC's Bob Pisani

Channel: News & Politics
Uploaded: November 30, 1999 at 12:00 am
Author: JFoucher

Length: 07:33
Rating: 4.82
Views: 64338

Tags: CNBC  Energy  Oil  Peak  Simmons  

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Video Comments

sciath (November 30, 1999 at 12:00 am)
I'm half dutch and half american, I've moved back and forth a few times throughout my life, and visit both places often (family). Whenever I go back to the US Im shocked by how oil dependant your entire culture is, driving from the grocery store to pick up kids from school and then back home and god knows where else. Everywhere you go you need a car apparently. In holland most people bike when they go places.
JohnBonham15 (November 30, 1999 at 12:00 am)
hehe neat smack my ass plz!!! vT
fooschnikens (November 30, 1999 at 12:00 am)
ATTENTION: Apparently chevron oil (corrupt American oil company) bought the rights to NiMH battery technology so they could prevent auto manufacturers from using it to build more efficient hybrid vehicles and force us to keep buying gasoline. The name of the company that produced the NiMH batteries used to be Ovionic Battery Systems, but Chevron and Texaco bought the company and changed the name to Cobasys and made it impossible for auto manufacturers to buy the batteries. Search it for yourself
postpeakman (November 30, 1999 at 12:00 am)
"it's all the more important that we start talking about Nuclear Power as THE best option for the future. Solar and wind can help, but are hopeless for creating very large amounts of energy. The only other option is to give up, which is ridicules." Call me crazy, but we could..... get by with less? Do we really need a car for every person in the house, new clothes every season, so much food in the fridge that we have to throw some away when it rots... etc. small changes add up.
Starteller (November 30, 1999 at 12:00 am)
If we disclose ETs technologies we would never have energy problems anymore.
emforty2 (November 30, 1999 at 12:00 am)
as oil price goes up our quality of life goes up im not afraid bring it on !!! but please...!!! .....just think about it for just a minute as to why ...please think, read the news, observe.....before you respond read whats happening and what people are doing now see ....quality of life gets better do you agree?
khunpaiboon (November 30, 1999 at 12:00 am)
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Ba101 (November 30, 1999 at 12:00 am)
Lindsey williams says that Peak Oil is a missnomer, and that there is plenty of oil. He quotes the governer of Alaska who says that there is enough oil in the north slope of Alaska to last USA a couple hundred years, etc.
cablemanbearpig (November 30, 1999 at 12:00 am)
That story was really popular in the 1970s and early 1980s. I heard it several times in several variations. Nobody ever got the magic carb first hand; it was always a friend-of-a-friend kind of thing. Now that I'm an engineer and know how to calculate thermodynamics I realize that it was a hoax. But it seemed plausible at the time.
HarcourtMarketing (November 30, 1999 at 12:00 am)
He got 64 Miles per Gallon with that car with the air conditioning going full blast.

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