Oil at $150 Next Week?

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A Matt Simmons phone interview on CNBC. He's gotten pretty pessimistic, even doomerish lately.

Channel: News & Politics
Uploaded: July 12, 2008 at 7:38 am
Author: leanan777

Length: 00:07:00
Rating: 4.86
Views: 33853

Tags: peak oil Matthew Simmons prices

Video Comments:
2009Dolphin (August 22, 2008 at 5:57 pm)
What the Hell she (Erine) Smoking or Drinking every morning?

Is She Damb ASS?

That bitch sound STUPID

.
CROldon (August 6, 2008 at 10:13 pm)
damn
rdx506 (August 4, 2008 at 9:40 pm)
So, now, two weeks later, crude oil is $125 !

This guy is an MSNBC expert!

More like BS-NBC!
Matt007b (July 25, 2008 at 11:38 pm)
lol.. I like the look of the hosts and co-hosts as this guy talks about the total american disaster.

(I do agree we should get completely off oil asap but wow negative)
FrenchRome (July 25, 2008 at 2:30 am)
I should have thought it simple to 'correct' the oil price.
In the UK, if people compoletely stopped shopping at BP, the price would drop as the government would be forced to cut the fuel tax.
If you feel bad about this then you simply make a commitment to buy only BP fuel after the price cut.
In the longer temr I look forward to new engine technologies such as those being worked upon by Honda since the 1980's which the Thatcher government rejected.
MYFreeSpeach4U (July 24, 2008 at 12:14 am)
This is the most lame brain BS, You are being told what to expect, There is a way to stop it and get to return, All the news net works want you to think in there way,
Golgo13ThePro (July 23, 2008 at 8:34 am)
So this is what we have:

X years - conversion of 100 reactors
1 decade - ignition of 100 reactors
3.5 decades - 200 reactors
3.5 decades - 400 reactors (approx. what we have now)
3.5 decades - 800 reactors
etc.

A simple back of the envelope calculation makes it readily apparent that we can forget breeders. We need more than a century just to get to the point where they can produce more than we have currently.
soylentgreenb (July 27, 2008 at 7:16 am)
"X years - conversion of 100 reactors
1 decade - ignition of 100 reactors
3.5 decades - 200 reactors
3.5 decades - 400 reactors (approx. what we have now)
3.5 decades - 800 reactors"

I wasn't talking about thorium. Even if I were: Plutonium. Enrich more uranium.
Golgo13ThePro (July 23, 2008 at 8:34 am)
A breeder has to run on HEU for a decade before it has bred enough U233 to start a normal cycle. So it takes around 100 PWRs, 400 tons of HEU, and loads of thorium just to even start the cycle.

After a decade, we're able to refill them with Th+U233, and then they'll breed at 1.02 (if we're optimistic). So we're looking at another fuel reload after 3.5 decades - effectively 200 reactors after 35 years.
soylentgreenb (July 27, 2008 at 7:14 am)
"A breeder has to run on HEU for a decade before it has bred enough U233 to start a normal cycle."

We were talking about uranium, not thorium.

Even if we were talking about thorium you don't need HEU; plutonium from so called waste will do fine.