394 comments on Peak Oil Media: Matt Simmons gets more pessimistic on CNBC, Heinberg, and others...
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394 comments on Peak Oil Media: Matt Simmons gets more pessimistic on CNBC, Heinberg, and others...
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Amen.
The CNBC video is a prime example of the juxtaposition of peoples time horizons and boundaries. Simmons eloquently outlined the bigger picture of that society is facing dramatic institutional and structural change, and then the conversation was brought directly back to short term profits. June highs mean july lows, etc.
The reason there is no international, national, or regional body looking at WIDE boundary SYSTEMS analysis is that there is no money in it. If the markets are designed to produce profits measured in dollars, how will the markets solve problems of the global commons? How can the viewers/guests on CNBC even begin to analyze the depth of this problem beyond how higher oil prices affect their portfolio allocations? There will come a day when a 'paradigm allocation' will leapfrog modern financial portfolio allocation. Thats why the quizzical looks on those guests faces - energy and ecology are not topics ingrained in most traders pattern recognition banks.
I can only hope that our next crop of national leaders surround themselves by wide bounary thinkers - to surround themselves by the current crop of salespeople will lessen our chances dramatically.
And I agree with PG - this is difficult to do - to present facts about the situation as best as possible while remaining positive. What if the situation is worse than even some of the pessimists predict? The sooner we close off avenues that are dead ends, the better we can save high quality resources.
Well done by Matt Simmons.
Agreed. It's very difficult to convey the complexity of the peak-oil issue in a venue like CNBC's "Fast Money", which thrives on 30-second sound bites, whereas comprehending the reality of our energy predicament takes weeks or months of reading and study to sink in. Matt Simmons has been able to penetrate the mass-media "white noise" about as well as anyone...