Oil Supply Shock

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

Category:

News & Politics

Tags:

• Peak
• Oil
• Energy
• Simmons
• CNBC

[VousEnculez]

We are already at Peak Oil.

[sciath]

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.

[MrHEMPKING]

@darthvader5300 Use industrial hemp instead of wood, modify existing engines to aid roll out and we got a winner.

[darthvader5300]

During WW II tens of millions of cars, trucks, tractors, vans, buses and all internal combustion engines were converted to use wood gas with the wood gasifier generator connected to them at the back of their vehicles. They've used fast growing coppiced and pollarded trees and shrubs and woody grasses as their main fuel during WW II. With today's advanced technologies it can be made to be just as convenient to use just like gasoline and diesel fuel by pelletizing the woody biomass. Why not do it?

[MrEnergyCzar]

@tigersoup You are partly right... I think and Venezuela and some middle easter countries they pay about 25 cents to keep the people calm. Remember when the gas stations in Iran were being burned by the people a few years ago? The gov't raised the price like a penny or something ridiculous.....

[ednuttah]

@sciath than the USA do. WIth all the "brains" in USA, and land mass, and sunshine they get every year I have no idea at all WHY they are not the world leaders of renewable resources. USA comsumes 45% of the worlds oil, you would have thought they would rather rely on themselves ans save a HUGE oil bill they could then keep in their back pocket. I just don't understand why they STILL cling onto this oil culture, maybe they'll get their act together when they see Germany's law on energy.

[ednuttah]

@sciath And it is the best way to get around, I loved Amsterdam for the dependancy on bikes. It was an entire culture, and bikes were respected and never really a subject of crime, or rarely so. The air is so fresh there from the sea and lack of CO2. The trams work well, and walking is keenly encouraged. Europe IS different to USA they have greater surface area than all of Europe. That said I have no idea why many countries in Europe manage to make more of their energy resources

[tigersoup]

@VousEnculez not at all dude! actually the gas price in US is the cheapst in the world!!!! countries like India China are already paying peak oil price... and they have much bettter public infrastructure in place compared to US! ppl in US are like pampered in luxury in other words.... Ppl here might point finger to developing countries but the fact is US being US, they get subsidized rates!