Peak Moment: Oil and Gas -- The Next Meltdown?

02 Oct 2008

Drawing parallels with the current financial meltdown, Matthew Simmons, the CEO of Simmons & Company International, expresses his alarm about gasoline stocks being the lowest in several decades and refinery production down following recent hurricanes. He warns that if there were a run on the "energy bank" by everyone topping off their gasoline tanks, the U.S. would be out of fuel in three days, and grocery shelves largely emptied in a week. In an interview plus excerpts from his presentation at the Association for the Study of Peak Oil (ASPO-USA) conference on September 22, 2008, Matt highlights the risks and vulnerabilities in the finished oil products system, and answers audience questions.

VideoPeak Moment: Oil and Gas -- The Next Meltdown? (video) (length 0:26:51): download stream

AudioPeak Moment: Oil and Gas -- The Next Meltdown? (audio) (length 0:26:51): download, stream

http://globalpublicmedia.com/peak_mo...

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Simmons & Company is the only independent investment bank specializing in the entire spectrum of the energy industry. Founded in 1974, the firm has acted as financial advisor in over $134* billion of transactions, including 535 merger and acquisitions worth over $93 billion. Simmons has served as co-manager on over $35 billion in public debt and equity offerings. During 2007 Simmons closed 49 M&A transactions worth $26 billion and co-managed 10 offerings worth $4.9 billion. The firm's clients range from small, privately held companies to multi-billion dollar public entities.
http://www.simmonsco-intl.com/defaul...

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