CNBC: Matt Simmons and John Kilduff Discuss the GAO Report and the Ramifications of a Plateauing Oil Supply with Bob Pisani
ED by PG: I moved the Simmons video under the fold for load times--also I have also posted the Simmons video on the GAO report/peak oil to another post above as well that contains three other pieces of video/audio media on the topic.
"The GAO report found no focussed coordinated government plans to prepare for peak oil or other supply disruptions."
"We are on the verge of replacing the term 'global warming' with the term 'peak oil.'"
"The best new oil basin we will ever find is the one called 'conservation.'"