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Oil Supply Shock Posted by: JFoucher
Video duration: 453 seconds 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 Related: cnbc, energy, oil, peak, simmons Display Video Comments | Hide Video Comments | Add Comment |
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Latest comments made on this video:
By: sciath. on 03 Nov 08, 21:02:13
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.
By: JohnBonham15. on 23 Oct 08, 14:13:30
hehe neat smack my ass plz!!! vT
By: fooschnikens. on 28 Aug 08, 03:49:25
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
By: postpeakman. on 12 Aug 08, 02:34:14
"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.
By: Starteller. on 10 Aug 08, 12:10:45
If we disclose ETs technologies we would never have energy problems anymore.
By: emforty2. on 22 Jul 08, 22:30:28
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?
By: khunpaiboon. on 20 Jul 08, 18:31:38
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By: Ba101. on 19 Jul 08, 18:52:25
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.
By: cablemanbearpig. on 17 Jul 08, 02:49:47
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.
By: HarcourtMarketing. on 15 Jul 08, 18:54:34
He got 64 Miles per Gallon with that car with the air conditioning going full blast.
By: HarcourtMarketing. on 15 Jul 08, 18:43:33
Please bear with me. I am just a dumb brick layer. In 1984, a mason I worked with told me of his newly bought Delta 88, V-8, automatic, with all options he bought in California, whilst working at Northrop Aviation, years before I met him. As per the warranty, he took the car in to the Buick dealer for oil, anti-freeze, brake fluid checks, ect. They attempted to get him to sign a paper to "allow" them to replace the carburetor to another that was "correct" for his car. He said "Kiss off",
By: retnuhneila. on 15 Jul 08, 04:10:22
the opec arabs are buying up everything in this country. the price they pay MUST be proportional to the oil price. A 100 thousand dollar piece of property should be a million. a sack of grain at least the price of oil. keep raising the prices and for those that own property, raise the taxes with the raises in oil. find an alternative, give it to the world and opec will eat camel turds and a "SANDWICH", starve and die off. no need for oil.
By: markmarshall39. on 11 Jul 08, 05:56:08
JO JO, "Get off the Arab TiT", wouldnt you love to here a presidential hopeful say that, we'll never here that, i give you a 10 on that comment alone, peace to ya jo jo, mark. lets hope we end up on the right road.
By: valhala56. on 11 Jul 08, 03:12:01
I realized we can't rely on goverment to fix this. A lot of the political rhetoric is an illusion to pacify us. So I agree, anything that will help america get off the Arab tit,I am for.
By: markmarshall39. on 11 Jul 08, 02:50:11
what ever animal, where ever, if we can get it, get it, i try to do all i can jo jo, but i catch myself all the time, turning on the t.v., the computer, and listening to the radio all at the same time, letting the car run to heat it up or il let the car run when i go inside the quick shop, so yes, i could do alot more, but you are right, what ever the pro's say we listen and panic, or it seems that way, it'll take everyone, every one.
By: valhala56. on 10 Jul 08, 22:40:11
I think the Alaska Caribou Anwar crap is a Straw Man, I got no problem drilling anywhere inluding my backyard! Put a Nuclear plant in my backyard! If it gives me gasoline and money I got no problem. But I think they use envirmentalist to blame fore these problems. All these problems are due to foolishness & incompetance from many people including you & me. I take responsibility for the energy I have wasted & I am trying everything within reason to change, how about you Mark?
By: markmarshall39. on 10 Jul 08, 21:15:35
when we get rid of these pussies that are so earthy, maybe we could drill, we approve(the citizens), but by god the alaskan buggle bug, might not have a home, you see what im saying, we have to many earthy people, its to late for globing warming i think, lets get all we can and when we are in control of it, maybe it will go down, but all in all, do you know where i can get a good mule, and let me ask you if any one would attack iran, no matter who does it, it is no2 producer, they would stop.
By: valhala56. on 10 Jul 08, 18:06:17
bossman, we got 100 years of oil, so how do you account for $140 bbl. today, $70 bbl a year ago, $29 bbl. in 03. You don't understand Peak Oil, it's not about running out knucklehead. It's about a "shift" from inexpensive easy to get at oil, to expensive hard to get oil. Thus the price dumbass.
By: valhala56. on 10 Jul 08, 17:37:33
Markmarsgall39, I suppose you know where this easy to get at cheap oil is in the US? Please let us know cause if it was there somebody would be tapping it don't ya think? You got it mixed up, it's not when they run out they will realize what has happened it is US who has run out and we are just catching wind of our very own incompetance and foolishness. We will pay dearly for this Arab oil, say $200 a barrel. So you might want to hook a mule to pull your Ford F150.
By: valhala56. on 10 Jul 08, 17:31:43
Why has our Congress been conviently silent about this? Try incompetance, political catfighting, just not giving a damn aout the people and fianlly are you gonna be the Sen or Congressman who tells the People of the US the party is over? Kill the messenger will have a new meaning when you tell people who have never known hunger in their lives, that have lived in the lap of luxury that it is over and that your Goverment has failed you.
By: cinemaarts. on 08 Jul 08, 19:09:23
Why has our Congress been so conviently silent about all this for so long? Why did we vote these low-lifes into office to look after the American people? It maybe too late, but it's time to re-evaluate who we are giving our votes to.
By: DFORCE1969. on 08 Jul 08, 09:58:50
millions of verweight anericans will have to learn to walk,bicycle or starve! Bye bye globalization & the dinosaur empire which spawned you;The next 20 years are going to be fascinating for students of history as we witness the collapse of an empire.
By: markmarshall39. on 07 Jul 08, 12:16:57
peak oil, what were doing is buying everyone elses oil, we got our own, we just need to get it, but when you got the money to buy, thats what you do, let's think about cornering the market, they get sucked dry, we'll have on we need, oh, they do have to pay for dubai. when they run out, then they'll realize what has happened.
By: Kinkyilu. on 07 Jul 08, 01:13:06
i wish oil would extinguish already. True, made our life easier but has been killing our planet slowly. hope it runs out faster than expected.
By: ManicEightBall. on 06 Jul 08, 22:47:51
I can't look up what's a lie. Maybe I should get the Grimm's Fairy Tales out. You people always say we have a gazillion years of oil left, but when it comes to proving it, you wander off.