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Top > World Energy TV - DVDs > Run On The Tank |
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| Run On The Tank |
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America’s gasoline shortage is a bigger threat than the financial crisis,
WorldEnergy.TV interviews Matt Simmons.
“Congress should realize we have two diseases crippling
America today,” warned Matthew R. Simmons, Chairman of Simmons & Company
International. “While the financial crisis is like asthma or tuberculosis
to the economy, a gasoline supply crisis could be terminal cancer.” Simmons
argues. “The government can print more money but gasoline is a hard
asset. If we drain the pipelines, we won’t be able to drive; if we
don’t ban driving we could run out of food within 5-6 days and face
the greatest crisis in the history of the United States,” Simmons
said on WorldEnergy.TV, where he focused on the current financial crisis,
the price of oil, the gasoline shortages, and the upcoming presidential
election.
Because prices have plummeted from a high of $140 a barrel, Simmons thinks we
have created the impression that oil supply problem is solved. “We
know gasoline is in short supply but we really don’t have an idea as to
how widespread the shortage is; when in fact it may be hemorrhaging,” said
Simmons. “We don’t have a Strategic Petroleum Reserve for finished
gasoline. If Americans were to suddenly top off their tanks, gasoline supplies
worsen and it takes more than 120 days to refine Middle East crude, transport
it to U.S. refineries, transfer finished gasoline via pipelines at 4 mph to markets
already in short supply like Atlanta, Nashville, Richmond, Baltimore, Charlotte,
and along the North East.”
Matt Simmons has a perspective developed by looking at the data and recognizing
the danger signals. Matt tells us that according to the data, oil production
peaked in May 2005; we just have not recognized it yet.
DVD PRICE: 15.00
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