Energy Crisis, A Discussion with Matt Simmons
Amidst skyrocketing oil prices, considerable financial activity in the oil market, and increased gas prices, producing and consuming nations alike are concerned about efficiency and supply. World Energy recently spent an afternoon with Matthew Simmons, president of the energy investment firm Simmons & Company International and author of Twilight in the Desert: The Coming Saudi Oil Shock and the World Economy, to hear his perspective on oil supplies, pump prices, distributed generation and a return to post–World War II practices.
Oil prices have been too low for too long, he says. “The problem isn’t that the prices are going up, it is that they have been so low for so long that we have been caught in a correction,” explains Simmons.
The problem, notes Simmons, is not strategy; it is having a game plan for execution. In the interview, Simmons focuses beyond “peak oil” and looks at the immediate nature of the energy situation, examining both near-term solutions and long-term ones.
Focusing on renewable sources, Simmons points out the current production from these sources is roughly 1.50 percent, but that 1.50 percent is nonetheless a significant contribution. He then explains the actual potential to be unlocked in energy produced from wind and geothermal and the importance of distributed generation.
Duration : 0:9:58
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This is a year old …
This is a year old now and the recent and continuing crises of world economies might. bring a small change to US oil waste.
Sorrowfully, I head almost all the current wo
i cant believe some …
i cant believe some of you dont take this seriously….
Americas doomed. …
Americas doomed. Unless you meant survival of the fattest!!
at least we are …
at least we are going to be the generation that gets to live in the most important hectic time in history
i think survival of the fittest is exactly what humanity needs
how do people feel …
how do people feel about the theory that peak oil is effectively a tool that gas companies use to inflate prices? ididnt give this any respect at first but lately i looked at some arguments and they seem credible. I find this a nagging since i beielve peak oil is fact
I agree that oil is …
I agree that oil is too cheap but the problem is that the oil companies don’t deserve the money! Domestic oil belongs to the people and the oil companies and they should earn a profit for the work they do but not more than that. The lions share of the profit in oil should go to the people. We own it and we should profit from it. That profit could come in the form of offset taxes or a once a year check to each citizen.
porfavor no lea …
porfavor no lea esto
el 13 de octubre de 1991
un niño llamado nick se tiro de un puente devido a problemas familiares
si ya leiste esto deves copiar y pegar
en otros 5 videos mas o si no
nick vendra por toda tu familia
haslo o moriran porfavor hasme caso
yo lo lei y lo hise & si es verdad..la familia de un amigo murio hace una semana
Resources exist to …
Resources exist to be consumed. And consumed they will be, if not by this generation then by some future. By what right does this forgotten future seek to deny us our birthright? None I say! Let us take what is ours, chew and eat our fill.
The difference is …
The difference is that you don’t NEED a 6 pak of Bud Lite to go to work. Well…..some people do I guess…
“one gallon of …
“one gallon of gasoline delivers an equivalent amount of energy to 100 hours from a day laborer (human)”
It’s also interesting to note that a cubic metre of average continental Earth crust contains 3.3 g of uranium and 11 g of thorium, equivalent to ~6500 gallons of oil in a Molten Salt reactor(technology that has been well understood since the 70′s).
“a gallon of …
“a gallon of bottled water,
in 8 pint bottles, costs around $10.00.”
No, about $2, where the do you live?
“one gallon of gasoline delivers an equivalent amount of energy to 100 hours from a day laborer (human)”
So does the sunshine hitting 10 square metres of land on an average day in northern Europe.
But the 100 hours of human labour has far more utillity than all of them.
I love to hear …
I love to hear discussion about Energy Crisis.
a gallon of bottled …
a gallon of bottled water,
in 8 pint bottles, costs around $10.00.
one gallon of gasoline delivers an equivalent amount of energy to 100 hours from a day laborer (human).
as far as “FAMINE” goes,
you ain’t seen nuthin yet …
Unfortunately we …
Unfortunately we should have been listening to what he was saying about 3 – 4 years ago.
What is considered …
What is considered ‘cheap’ and what is considered ‘expensive’ is all based on history, perceived value and point of view. It is clearly Matt Simmons’ point of view that oils/gas is too cheap. On the other hand, the consumer’s point of view is that it’s too expensive. So, who’s right and who’s wrong? It’s all opinion.
We are starving for …
We are starving for oil. This is fits in the definition of a “FAMINE”.
Great post!
Great post!
Matthew Simmons – …
Matthew Simmons – the most sane man on the planet. Thank you for waking up the world!