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Oil Supply Shock

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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

Channel: News & Politics
Uploaded: March 30, 2007 at 2:05 am
Author: JFoucher

Length: 07:33
Rating: 4.85
Views: 58651

Tags: CNBC  Energy  Oil  Peak  Simmons  

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Video Comments

bossman068410 (July 6, 2008 at 9:24 am)
Whats my story ? Well. I don't want to live in a communistic society that the environmental extremist offer us. I don't want to give money to people who want to kill us and take our money with a smile. If there is no oil left as enviro-extremist claim. THEN LIFT THE RED TAPE AND THE ABILITY TO GET IT! WHAT ARE THEY AFRAID OF ?????
YesCircus (July 6, 2008 at 6:13 am)
Erm, no. 5-7 years at least, $14b investment, use of potable water & natural gas. Maybe then. Only high oil prices will allow further investment. But hey, you know that. So whats your real story?
57girl (July 5, 2008 at 11:03 pm)
I read an article just the other day where people in South Dakota were hitting wells in their own back yards and becoming Millionaires overnight. We are of course, being had. That same old supply and demand bull shit. This is another case of 'fear tatics' to lead the sheep.
a1mint (July 2, 2008 at 10:57 pm)
Peak oil is bull shit. There is tons and tons of oil available. Cheap oil might decline. But Alberta (that's in Canada folks) has enough oil to feed the US for 100 years. Brazil is doing new drilling.
altfueltechnology (June 30, 2008 at 4:25 pm)
See My Page B4 it's 2 Late!
hoppermantis (June 28, 2008 at 11:12 pm)
Hemp for victory !!! 10% of food crop space would power america? why are we allowing our country to slowly degrade into a third world level? And now L.E.A.P. is questioning our methods against the drug concept... I truly want to understand so i can feel like patriot.
YogaNate79 (June 28, 2008 at 5:24 pm)
To xxxabbccxxx: There is plenty of a supply of oil. The North American continental shelf, and the Alaska tundra and wilderness near the Arctic circle are sufficient. Mreover, the United States has the world's largest oil shale reserves found in the American West. Some estimates value it around 800+ billion barrels of useable fossil fuels. There is plenty of oil, there just needs to be a willingness to find it and drill it.
xxxaabbccxxx (June 28, 2008 at 2:30 pm)
THEY can PROBABLY buy grain from SOMEWHERE other than the US, ie CHINA.
xxxaabbccxxx (June 28, 2008 at 2:28 pm)
IT mean we're RUNNING out of OIL that can be used. The TOTALITY of the available SUPPLY on EARTH.
Starteller (June 28, 2008 at 5:00 am)
If we disclose aliens technologies we wont need oil forever

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