Don’t worry, just a little bump - $70 is just around the corner. Short traders just keep making those margin calls, mortgage the house if you have to. Fortunes await you! PO is for pansies and doomers. At $70 short some more ..... it is going back to $22 .... the world is awash with oil ........ reality has nothing to do with it, its all in those charts!!!!!!!!!!
Some industry experts are forecasting global oil production to plateau by 2012. We'll talk about oil supply and demand forecasts and their implications for both global security and climate change.
GUESTS:
Matt Simmons, chair, Simmons & Co International, a specialized energy investment banking firm and author of "Twilight in the Desert: The Coming Saudi Oil Shock and the World Economy"
David Kirsch, manager, market intelligence service, PFC Energy, an energy consulting firm
Larry Chorn, chief economist, Platts, an energy and commodities information division of McGraw-Hill
Mike Toman, director, environment, energy, and economic development program at the RAND Corporation
I missed it this morning, but am listening to it online now. Anyone else catch it?
Posted: Mon Nov 26, 2007 7:01 pm Post subject: Re: Simmons on NPR (Diane Rehm)
OK, well not as good as I thought it might be. There were too many guests, Simmons tried to get some sense of alarm out but the others seem to play things down without overtly disagreeing with him.
Would have worked better as a 1 on 1 with Simmons, or a debate Simmons vs the RAND person only.
Joined: Apr 05, 2005 Posts: 1610 Location: Springsteen Country (NJ)
Posted: Mon Nov 26, 2007 8:35 pm Post subject: Re: Simmons on NPR (Diane Rehm)
The RAND guy is lying. He first says someone predicted a "plateau" for the 1970s (wrong) and we were able to "increase technology that allowed us to recover more oil".
Really, did he miss the North Sea and Prudhoe Bay? How do these people get to be directors of "environment, energy, and economic development" when they don't know what the Fark they're talking about? He then goes on to say that the energy from losing oil becomes irrelevant when we can take "hundreds of years" of coal reserves and turn them into "alternative fuels". I'd like to sit him down and force him to watch "Arithmetic, Population and Energy" so he'll see how fast those "hundreds of years" of coal will last once he starts turning them into fuel.
It's truly amazing these liars for capitalism can continue to spout their fantasies. He's one of Simmons' optimists that will have to answer one day. _________________ Joe P. United Political Debate
"Only when the last tree is cut; only when the last river is polluted; only when the last fish is caught; only then will they realize that you cannot eat money." - Cree Indian Proverb
Posted: Mon Nov 26, 2007 8:58 pm Post subject: Re: Simmons on NPR (Diane Rehm)
Quote:
The RAND guy is lying. He first says someone predicted a "plateau" for the 1970s (wrong) and we were able to "increase technology that allowed us to recover more oil".
Really, did he miss the North Sea and Prudhoe Bay? How do these people get to be directors of "environment, energy, and economic development" when they don't know what the Fark they're talking about? He then goes on to say that the energy from losing oil becomes irrelevant when we can take "hundreds of years" of coal reserves and turn them into "alternative fuels".
I wouldn't worry about these guys in fact I think its great we have these idiots talking down the price of oil. It allows people like you and me to buy energy mutual funds at lower prices.
It allows people in the know to take advantage of peak oil rather than simply trying to "beat the crowd".
Let this idiot talk all he wants. Ignorance is bliss and sheep are meant to be shorn.
Joined: May 06, 2006 Posts: 821 Location: Tustin, CA
Posted: Mon Nov 26, 2007 9:37 pm Post subject: Re: Simmons on NPR (Diane Rehm)
joewp wrote:
The RAND guy is lying. He first says someone predicted a "plateau" for the 1970s (wrong) and we were able to "increase technology that allowed us to recover more oil".
Really, did he miss the North Sea and Prudhoe Bay? How do these people get to be directors of "environment, energy, and economic development" when they don't know what the Fark they're talking about? He then goes on to say that the energy from losing oil becomes irrelevant when we can take "hundreds of years" of coal reserves and turn them into "alternative fuels". I'd like to sit him down and force him to watch "Arithmetic, Population and Energy" so he'll see how fast those "hundreds of years" of coal will last once he starts turning them into fuel.
It's truly amazing these liars for capitalism can continue to spout their fantasies. He's one of Simmons' optimists that will have to answer one day.
I agree. He sounded like a smug 30 something, who even if he was born by the 1973, sure as hell wasn't driving during the first oil shocks of 73' and 79'. _________________ Skeptical scrutiny in both Science and Religion is the means by which deep thoughts are winnowed from deep nonsense-Carl Sagan
Joined: Apr 05, 2005 Posts: 1610 Location: Springsteen Country (NJ)
Posted: Mon Nov 26, 2007 10:08 pm Post subject: Re: Simmons on NPR (Diane Rehm)
SILENTTODD wrote:
I agree. He sounded like a smug 30 something, who even if he was born by the 1973, sure as hell wasn't driving during the first oil shocks of 73' and 79'.
The new generation gap. Either you were around during the 70's oil shocks and understand the impact peak oil will have on our civilization, or you weren't and don't.
mefistofeles, you are correct. While they sell, buy! _________________ Joe P. United Political Debate
"Only when the last tree is cut; only when the last river is polluted; only when the last fish is caught; only then will they realize that you cannot eat money." - Cree Indian Proverb
Joined: Dec 18, 2004 Posts: 4101 Location: One Mile From the Columbia River
Posted: Mon Nov 26, 2007 10:41 pm Post subject: Re: Simmons on NPR (Diane Rehm)
I wouldn't worry about these guys in fact I think its great we have these idiots talking down the price of oil. It allows people like you and me to buy energy mutual funds at lower prices.
My sentiments exactly.
SILENTTODD and joewp,
I don't know how many times I've discussed energy depletion and heard a response to the effect of, what do you mean by 'gas lines?'
There is definitely a generation gap. Those young whippersnappers have no idea what it's like out there. _________________ Everything is Impermanent. Shakyamuni Buddha
Joined: May 06, 2006 Posts: 821 Location: Tustin, CA
Posted: Mon Nov 26, 2007 11:44 pm Post subject: Re: Simmons on NPR (Diane Rehm)
joewp wrote:
The new generation gap. Either you were around during the 70's oil shocks and understand the impact peak oil will have on our civilization, or you weren't and don't.
I don’t know how old you are joewp, but I’m assuming from your response you weren’t attempting to buy gas then either.
There’s a big difference between contemplating how much gas will cost in the future and seeing “NO GAS!" posted at every station in your neighborhood. Or if there is a station STILL selling gas there is a line around the block!
But if you haven’t witnessed these things in your lifetime, don’t worry, you soon will!
My best advise? Get a bicycle now! And don’t leave it outside when there’s no gas.
P.S. Also if you don’t have a locking gas cap GET ONE NOW! The ancient art of gas siphoning is due to make a big come back like it did in the 1970’s. You’ll go to bed with a full tank of gas and awake to an empty one. Don’t rely on some crappie locking panel over the cap, all it takes to defeat that is a crow bar. _________________ Skeptical scrutiny in both Science and Religion is the means by which deep thoughts are winnowed from deep nonsense-Carl Sagan
Last edited by SILENTTODD on Tue Nov 27, 2007 1:49 am; edited 1 time in total
Joined: Jun 18, 2005 Posts: 3741 Location: In a van down by the river
Posted: Mon Nov 26, 2007 11:55 pm Post subject: Re: Simmons on NPR (Diane Rehm)
Overall NPR has done a terrible job on PO. I think they are too political to really give it enough time.
and Diane Rehm should be taken off the air, I mean enough already it is like trying to listen to Kathryn Hepburn do an interview when she was in her 80s.
Posted: Tue Nov 27, 2007 5:18 am Post subject: Re: Simmons on NPR (Diane Rehm)
Quote:
My best advise? Get a bicycle now! And don’t leave it outside when there’s no gas.
I agree 100%. The next best thing to buying energy assets is buying a bicycle. Bikes are awesome in fact you can use them in conjunction with cars and mass transit for true multi modal transportation capability.
In fact I have a few bicycles myself. I would strongly Dahon Folding bikes. In fact I have a Dahon in the trunk of my car right now! Folding bikes are superb they allow you to save a little gas and get some exercise at the same time.
If time isn't an issue I usually use my bike for short trips, under three miles.
I have even read that some people use bikes for long commutes on the order of 16 miles(round trip).
More importantly biking is a great form of exercise.
However you don't have to use a Dahon folding bike I was able to comfortably fit my Bianchi Cross Concept Race into the trunk of my car. The Dahon bicycles tend to be much more volume efficient.
Biking can also be quite fun. There's nothing like riding 6-8 miles to get some fast food. Biking can turn even the most mundane trips into a real adventure.
Joined: Apr 05, 2005 Posts: 1610 Location: Springsteen Country (NJ)
Posted: Tue Nov 27, 2007 11:15 pm Post subject: Re: Simmons on NPR (Diane Rehm)
SILENTTODD wrote:
[
I don’t know how old you are joewp, but I’m assuming from your response you weren’t attempting to buy gas then either.
There’s a big difference between contemplating how much gas will cost in the future and seeing “NO GAS!" posted at every station in your neighborhood. Or if there is a station STILL selling gas there is a line around the block!
But if you haven’t witnessed these things in your lifetime, don’t worry, you soon will!
My best advise? Get a bicycle now! And don’t leave it outside when there’s no gas.
P.S. Also if you don’t have a locking gas cap GET ONE NOW! The ancient art of gas siphoning is due to make a big come back like it did in the 1970’s. You’ll go to bed with a full tank of gas and awake to an empty one. Don’t rely on some crappie locking panel over the cap, all it takes to defeat that is a crow bar.
Okay, now you're bringing back bad memories. I had a locking gas cap on my 1967 Cougar. These days both my vehicles have locking doors, and they're both garaged and locked in at night, so I'm safe for the time being, and we have three bikes, one for each family member. Also, I'm getting better at this growing you our food thing every year, something I didn't even think about doing back then.
Believe me, I experienced it. I know what we're in for in the next few years, and it scares the crap out of me. _________________ Joe P. United Political Debate
"Only when the last tree is cut; only when the last river is polluted; only when the last fish is caught; only then will they realize that you cannot eat money." - Cree Indian Proverb
Joined: Feb 02, 2006 Posts: 286 Location: Denver, USA
Posted: Wed Nov 28, 2007 4:34 pm Post subject: Re: Simmons on NPR (Diane Rehm)
mefistofeles wrote:
In fact I have a few bicycles myself. I would strongly Dahon Folding bikes. In fact I have a Dahon in the trunk of my car right now! Folding bikes are superb they allow you to save a little gas and get some exercise at the same time.
Sorry a little off topic - which Dahon model do you have? I saw one in Japan and was very impressed. Of course, there, everyone had a bike and it made sense to have a small folding one because of the urban layout. Stupid bike-unfriendly US! _________________ "It is certain that free societies would have no easy time in a future dark age. The rapid return to universal penury will be accomplished by violence and cruelties of a kind now forgotten." - Roberto Vacca, The Coming Dark Age
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These days both my vehicles have locking doors, and they're both garaged and locked in at night, so I'm safe for the time being, and we have three bikes, one for each family member. Also, I'm getting better at this growing you our food thing every year, something I didn't even think about doing back then.
