Matt Simmons: Peak Oil Will Dwarf Financial Crunch Soon


Oil Banker Warns of Energy Crisis
James Howard Kunstler is not the only one who sees parallels between the current financial crisis and a coming energy crisis. Matt Simmons, head of the oil investment bank Simmons and Company, has long been a prophet of peak oil, silencing the Fast Money team with his dire warnings to move to the country and grow your own food. And he's busy stirring things up again, warning in a conversation with Peak Moment TV that gasoline reserves are so low in the US that if everyone topped up their tank we would see "a run on the bank", literally running dry — running out of food within 5 to 7 days! So, what are the solutions?
"Have you ever heard that great term, 'could have done, would have done, should have done?' There are a lot of great things we should have done but didn't, and now we're out of time. So we have to hunker down and hope that we get the refineries up quicker than seems likely, we get electricity back up. But what's happening is the artery that supplies all this stuff has been maimed. What we're doing is using up our last useable supplies — and that's what the news was about all weekend — Atlanta out of gas, Nasheville out of gas, Tallahassee out of gas "

Fortunately it's not all doom and gloom. Simmons does point out, as most of us TreeHuggers know, that we currently waste fuel at a stunning rate. As Simmons argues, if you take a 40mpg car and put it in heavy traffic, it will still only get 3 or 4mpg. So ultimately our only option, says Simmons, is to beat a fast retreat from over consumption, start working from home, grow our own food, and rethink our entire system. Given the relative silence on such an important issue from our elected leaders and presidential candidates, and given the fact that drilling for oil is not the answer, Transition Towns are looking pretty good right now

::Peak Moment TV::via press release::

Further Reading on Community Solutions to Climate Change and Peak Oil
Portland Peak Oil Activists and Local Politicians Work Together
The Greenest Village in Britain? Chew Magna's Go Zero Project
Community Solutions to Coming Challenges: Peak Moment TV
Further Reading on Transition Towns
Transition Towns Reach New Zealand
Transition Town Plants Up Nut Trees for Food Security
Interview with Rob Hopkins, founder of the movement
Transition City Bristol
The Transition Handbook
Transition Towns Reach Australia
The Virtual Orchard Project
And Some Other Ideas for Weaning Us Off Fossil Fuels
Kite Powered Shipping
Backyard Permaculture
Urban Aquaponics
Local Farming Systems
Bikes, Cargo Bikes, Electric Bikes, Electric Scooters, Electric Cars, and Electric Trucks
Telecommuting
New Urbanism
Trains
Vegetarianism and Reduced Meat Diets
Algae and Waste Grease for Biofuels
Community Gardens
DIY Hydroponics
Freecycle
Car sharing
Airships
Turboprop Aircraft
Micro- , Macro- and Bloody-Massive-Scale Wind Turbines
Solar Power to Power a House or to Power the World

Tags: Activism | Agriculture | Alternative Energy | Economics | Energy Efficiency | Oil | Peak Oil | United States

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