Matt Simmons on Bloomberg News (3/4/08)
Loading...
Link to this comment:
Top Comments
All Comments (15)
-
It seems he's just being practical. US oil consumption patterns are a massive anomaly on the world stage and simply can't be maintained in the face of these problems, and any short-term fix will only worsen the long term. Obviously it sucks but we'll have to face the music (as many other countries already are w/ riots and food prices and so on).
-
Gold and silver? try ass wipe and antibiotics, and head for the hills, hope to god you don't get caught in the crossfire...
-
Agreed! thank you for pointing that out... volatility is the word of the day. Also, speculation IS a problem, but Peak Oil and speculation are not mutually exclusive. I'd also like to point out that while Simmons is a great resource on some dire facts, he is NOT a "man of the people" and not someone I'd rely on for good policy decisions- he seems to think it's a-ok that rural workers in the SE US pay 15 cents a cup... and have to skip meals in exchange.
-
"Is there anything the government could or should do to effect prices?"
Matt Simmons: "No"
sums it up
-
"Split it in half and see it (60 $ oil)very quickly....."
Now it is 124.7...!
-
I think we could easily see $60 oil again. There are going to be massive gyrations in price, because every time a large number of people drop out of the "energy rat race", it will cause an economic contraction which reduces demand. Temporarily. Until the final collapse occurs, and we are no longer able to assign any meaningful price on oil.
-
Ha,ha...
"They blow up..."
-
We're so fucked.
3 years ago 3
- 4:49Oil Firms 'In Liquidation,' Says Simmonsby leanan7779,477 views
- 3:00The 'Peak Oil' Theory: Will Oil Reserves Run Dry?by leanan77711,308 views
- 7:31Simmons Says Raised Saudi Oil Output Is `Drop i...by leanan77713,046 views
- 10:14Simmons Says $100 a Barrel Oil Is `Remarkably C...by leanan7773,534 views
- 7:48Matt Simmons Discusses Peak Oilby JoulesBurn7,513 views
- 9:18The Most IMPORTANT Video You'll Ever See (part ...by wonderingmind423,859,982 views
- 4:28CNBC - Matt Simmons - Peak Oil - 11.02.07by PeakOilPete4,236 views
- 8:02Peak Oil - Matt Simmons Part 1by chippro5,541 views
- 4:44The Truth About Offshore Drillingby leanan77713,116 views
- 2:03How To Boil A Frog presents Matthew Simmonsby howtoboilafrog5,836 views
- 9:58Energy Crisis, A Discussion with Matt Simmonsby rloomis19,317 views
- 3:21How To Boil A Frog presents Matthew Simmons #2by howtoboilafrog2,760 views
- 10:00Energy Crisis, A Discussion with Matt Simmons Pt3by rloomis13,863 views
- 6:11Matthew Simmons: What's Going On With Oil? (video)by leanan7773,588 views
- 4:50Obama Veepstakes - Ari Melber on Bloomberg Newsby NetMovement1,240 views
- 3:51Peak Oil Worriesby leanan777873 views
- 7:33Oil Supply Shockby JFoucher77,657 views
- 0:50CBS's Deidre Bolton on 'The Early Show' Discuss...by BusinessAndMedia4,435 views
- 7:06Peak Oil - Robert Hirschby okrabben10,833 views
- 3:17Simmons Sees Oil Climbing on `Unbelievably'by leanan7774,851 views
Icono,
I am just inclined to think those "massive gyrations" will occur at higher levels...like swinging from 120 to 210 back to 140...
While economy is already "complaining" about high Oil Prices...we are not feeling utter pain yet...and that's when sacrifices and gyrations (wild) begin. So, I just see it beginning at higher pressures (bifurcations of 2, 3 and 4 periods, before "chaos").
UnderseaCaveman 3 years ago 3
Yes we are. Buy gold, silver, and freeze dried food. Prepare. This whole thing is coming to an end and quick. Scary time lie ahead.
PeakedEarth 3 years ago 3