Peak Moment 130: Drawing parallels with the current financial meltdown, Matthew Simmons expresses his alarm about gasoline stocks being the lowest in several decades and refinery production down following recent hurricanes. He warns that if there were a run on the "energy bank" by everyone topping off their gasoline tanks, the U.S. would be out of fuel in three days, and grocery shelves largely emptied in a week. In an interview plus excerpts from his presentation at the Association for the Study of Peak Oil (ASPO-USA) conference on September 22, 2008, Matt highlights the risks and vulnerabilities in the finished oil products system, and answers questions from the audience.
Anybody remember the 1973 Carter Gas Crisis? I was a child att but I remember the long car lines. P.S. wild speculation, but I suspect the powers that be are merely propping up the financial melt down until the Cheney Presidency is out of office. Worse to come so says, Dante...
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