Rex Tillerson - CEO Exxon Mobil Denying Peak Oil

Recorded On March 7th, 2007. He flat out denies peak oil and speaks about the companies proven reserves (only 14 years worth). Matt Simmons came on the air after this interview and responded with his knowledge.

Broadcasted on CNBC
Originally posted on Youtube by deviavan

Category:

News & Politics

Tags:

• Rex
• Tillerson
• Peak
• Oil
• Exxon
• Mobil

[LASCUEVAS33]

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[RedRager1]

You as an individual have the power to take most of the power away from government and big business. Solar, wind power, thermal heating, electric vehicles.

It is up to the individual person to take the initiative of converting to these forms of renewable energy. You just have to make an effort. Your grand children will thank you.

[mphello]

@doomsword86 So true! Business people and business majors are psychotic freaks and pathological liars. And they steal billions of dollars in corporate-welfare from the taxpayer.

[mphello]

@mphello .. my freedom.

[mphello]

@mphello And any fuckheads who dare deny the serious effects of human-caused climate change:

if you demand respect for YOUR fucked-up anti-science pro-religion viewpoint,

then you'd damned well had better give equal airtime to ANY fucked-up belief: such as 911 was a hologram or the moon-landing was a hoax.

One myth that needs to be destroyed in the media: that police and soldiers fight "for" my freedom.

Bullshit. Unless they blow up the prisons to free everyone, they do not fight "for"

[mphello]

Even if oil, natural gas, and coal were infinite, we need to stop burning ALL of them now, because we are poisoning water (see the movie "Gasland") and we are wrecking the climate (read the IPCC reports). We need MANDATORY outlawing of the production of all gasoline-powered cars. Only all-electric vehicles should be built. And don't say "we don't have the money for this".

Kill the banking terrorists who STOLE trillions of dollars of our money and give it back to us for green technology.

[blazzyblaze1]

what an idiot...

[surji007]

@emptyeiganjo The reason that production has increased is because demand has increased, particularly in China and India. And there will be continued growth in demand as the global population increases (experts believe global population will stabilize at 10 billion). I agree that demand will stop growing eventually. I just don't see demand reducing in the near future, thus I don't see production reducing in the near future.

[emptyeiganjo]

@surji007

You are completely ignoring the demand portion of the equation. Once demand reaches a certain point, production will decrease due to outside influences. All signs point to this, not the least of which is the increases in world population. Analyzing oil production in a closed system is a fallacy.

[surji007]

I am a chemical engineering student and not a single professor I know disagrees with anything Rex just said. They all predict oil production to peak sometime in the next 50 - 100 years. I have no idea who you people are to say that oil production has peaked. Even in the past 3 and 1/2 years since this video was recorded, oil production CONTINUES to grow (along with natural gas, wind energy, biofuels, etc.)