Episode 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.
Episode Short Description: N/A
Downloads of This Episode: [SD File Downloads]: 23 [HD File Downloads]: 0 [Total File Downloads]: 23
File Name of SD Episode: 130 Oil and Gas Next Meltdown.mpg
Total SD Episode Video Runtime (hh:mm:ss): 00:27:02
File Size of SD Episode Video: 1,001,579,910 Bytes
Resolution of SD Episode Video: 720x480
Date SD Episode Video Uploaded: Thursday, May 21, 2009 - 19:15
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