The hilarious part in the first video is when the interviewer asks Mr Rubin why OPEC countries are using so much oil:

"Is it because they are so grossly inefficient?"

Hello! Anybody home? Are you being obtuse on purpose (don't answer, I already know).

Look at the figures for Europe (or Japan) and compare it to the US. Oh, that's not inefficiency? That's just the American way of life. Oh, I'm sorry. My bad.

And the next bit is interesting as well:

"But the bottom line here is that it's going to be very difficult to replace conventional oil imports... How high, we are basically talking about $100 oil prices."

And the joke that follows is so telling:

"Well, we can just invade Canada and that's that."

Maybe I should congratulate them for being honest about it, even if only in the disguise of humor :)

The next few year will be really interesting times to be living in.